William Fung was born on 1949 in Hong Kong, Hong Kong, Hong Kong. William and Victor Fung's Li & Fung is a middleman between Chinese manufacturers and retailers in the U.S. and Europe. Still the world's largest supplier of clothes and toys, the company is seen as a bellwether of the global retail sector. But the brothers' fortune has fallen dramatically since 2011 as more brands take greater control of their supply chain by dealing with factories themselves. Fung Pak-liu cofounded the company in 1906 with Li To-ming, who sold his stakes to the Fungs four decades later. Pak-liu's grandson Victor chaired Li & Fung until younger brother William took over in 2012. Victor's son Spencer has been serving as Li & Fung's chief executive since 2014; in 2016 daughter Sabrina succeeded uncle William as deputy chairman of the family's menswear retailer Trinity. The other two members of the fourth generation, Victor's younger son Stephen and William's son Terence, have also been rising in the family business.
William Fung is a member of Fashion and Retail
💰William Fung Net worth: $1 Billion
2009
$1.7 Billion
2010
$3.5 Billion
2011
$4.4 Billion
2012
$3.8 Billion
2013
$2.6 Billion
2014
$2.5 Billion
2015
$2.2 Billion
2016
$1.6 Billion
2017
$1.5 Billion
2018
$1.5 Billion
Some William Fung images
Biography/Timeline
1949
Fung was born in 1949 in Hong Kong. He attended Princeton University in its class of 1970, majoring in electrical engineering. He subsequently earned a master in Business administration from the Harvard Business School.
1999
Dr Fung served as the international chair of the Pacific Economic Cooperation Council from 1999 to 2001.
2009
Fund endowed the "Fung Scholarship" at his alma mater, Princeton University. In 2009, he was appointed to the university's board of trustees.
