William Fung Net Worth

How much is William Fung Worth?

in Richest BusinessmenRichest Billionaires
William Fung net worth:
$2.5 Billion

William Fung Net Worth: William Fung is a Honk Kong entrepreneur who has a net worth of $2.5 billion. Born William Fung Kwok Lun in 1949, he earned his wealth as one of the heirs of Li & Fung Group, the world's top supplier of clothes and toys. In 1906, Fung Pak-liu, his grandfather, started the company, which was later on managed by his father, Fung Hon-chu, and eventually, William and his brother, Victor, took over the family business. Currently, the brothers own 32% of the controlling shares. A graduate of Princeton University who also holds a MBA of Harvard University, William served as Managing Director until 2012, when his brother handed over his Chairman's position to him after 23-years long leadership. Now, his elder brother, Victor, is an honorary chairman, and William serves as the Chairman. Moreover, Fung is an independent non-executive director of Singapore Airlines, CLP Holdings Limited, VTech Holding Limited, HSBC Holdings and Shui On Land. In 2011, the Fung brothers started the Fung Global Institute, donating $15 million to the Hong Kong nonprofit researchers. What's more is that the brothers hold an American citizenship.

William Fung Net Worth

William Fung

Date of Birth
1949
Nationality
China
Nicknames
馮國綸
All net worths are calculated by applying a proprietary algorithm. The results are then fact checked and confirmed by a team of editors. We scan all publicly available data and resources and work diligently to ensure that our numbers are the most accurate and up to date net worth data you will find anywhere on the internet.
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