Victor Fung

$1.06 B

Ranked #3310 in World

About Victor Fung

Victor Fung Kwok-king, serving as the Group Chairman of the prestigious Li & Fung Group, alongside his brother William holds a significant 32% stake. Their global recognition in the finance sector is backed by Victor’s comprehensive academic background, which includes a Bachelor and Master of Science in electrical engineering from MIT, coupled with a PhD in business economics from Harvard, where he also contributes as a finance professor. Victor’s career trajectory showcases a blend of leadership and advisory roles, ranging from his position at the Hong Kong-Japan Business Co-operation Committee to his involvement with the World Trade Organization. Despite facing criticism for layoffs during financial hardships, Fung's commitment to identifying new opportunities post the financial tsunami underlines his resilience. His contributions have been acknowledged with several honors, including the prestigious Gold Bauhinia Star and recognition as Businessman of the Year by Forbes Asia in 2005. Victor’s influential presence in the finance world is enhanced by his American citizenship, mirroring a truly international profile.

Born

October 16, 1945 in Hong Kong

Age

80 years

Source Of Wealth

Sourcing

Industries

Logistics

Citizenship

United States

Residence

Hong Kong

Education

Doctorate, Harvard University; Bachelor of Arts/Science, Massachusetts Institute of Technology

Spouse

Julia Shen Nai-kee

Children

Parent

Fung Hon-chu (1911-1994), Lee Pui-yiu (1919-2013)

Victor Fung Kwok-king, the Group Chairman of the Li & Fung group of companies, was born in Hong Kong. He received his early education at King George V School in Hong Kong.

Victor Fung: Family

Victor Fung Kwok-king is married with three children. He and his brother William Fung Kwok-lun own a controlling stake of 32% in the Li & Fung business.

Victor Fung: Career Highlights

Victor Fung Kwok-king is the Group Chairman of the Li & Fung Group, a global supply chain management company founded by his grandfather Fung Pak-liu in 1906. His brother William is the Group managing director.

Victor Fung has held various prominent positions in the business world and public service. He is the Chairman of the Hong Kong-Japan Business Co-operation Committee and Co-chair of the France-based The Evian Group at IMD forum and think tank. He has also served as the Chairman of the International Chamber of Commerce since 2008.

In addition, Victor Fung has held several important positions in Hong Kong, including Chairman of the Hong Kong Trade Development Council (1991–2000) and Airport Authority. He was also appointed by former Hong Kong Chief Executive Donald Tsang to evaluate the financial tsunami's situation and identify new opportunities.

Victor Fung: Companies

Victor Fung Kwok-king is the Group Chairman of the Li & Fung Group, a global supply chain management company. The company was founded by his grandfather Fung Pak-liu in 1906 and is headquartered in Hong Kong.

Victor Fung: Major Achievements

Victor Fung Kwok-king has made significant contributions to the business world and public service. He is widely recognized for his leadership and expertise in global supply chain management.

Some of his major achievements include:

Leading the Li & Fung Group to become a global leader in supply chain management
Promoting trade and economic cooperation between Hong Kong and other countries
Serving in various public and advisory roles, including Chairman of the Airport Authority Hong Kong, Hong Kong University Council, and Greater Pearl River Delta Business Council

Victor Fung: Awards & Achievements

Victor Fung Kwok-king has received numerous awards and recognitions for his contributions to the business world and public service.

Some of his notable awards include:

Hong Kong's Businessman of the Year 1995
Top 25 Managers in BusinessWeek magazine 1995
Awarded Gold Bauhinia Star (GBS) in 2003 for distinguished service to the Hong Kong community
Businessman of the Year 2005 Forbes Asia magazine
One of "60 Years of Asian Heroes" (Time Asia magazine)

Victor Fung: Personal Life & Legacy

Victor Fung Kwok-king is married with three children. He holds American citizenship, like his brother William. He is known for his dedication to his work and his commitment to promoting trade and economic development.

Victor Fung: Trivia

Victor Fung Kwok-king is a keen golfer and enjoys playing the piano.
He is a member of the Hong Kong Jockey Club and the American Chamber of Commerce in Hong Kong.
He is a supporter of various charitable organizations, including the Hong Kong Red Cross and the Community Chest of Hong Kong.

Wealth History

Timeline

1906

Li & Fung Group founded by Victor Fung's grandfather, Fung Pak-liu.

1940

Victor Fung Kwok-king is born in Hong Kong.

1962

Victor Fung receives a Bachelor of Science degree in electrical engineering from MIT.

1963

Victor Fung receives a Master of Science degree in electrical engineering from MIT.

1965

Victor Fung receives a PhD in business economics from Harvard Business School.

1965-1972

Victor Fung serves as a professor of finance at Harvard Business School.

1972

Victor Fung joins the Li & Fung Group.

1991-2000

Victor Fung serves as chairman of the Hong Kong Trade Development Council.

1995

Victor Fung is named Hong Kong's Businessman of the Year.

1995

Victor Fung is named one of the Top 25 Managers in BusinessWeek magazine.

1996

Victor Fung serves as the Hong Kong Representative on the APEC Business Advisory Council.

2001

Victor Fung serves as the Hong Kong Representative on the APEC Business Advisory Council.

2003

Victor Fung is awarded the Gold Bauhinia Star (GBS) for distinguished service to the Hong Kong community.

2005

Victor Fung is named Businessman of the Year by Forbes Asia magazine.

2006

Victor Fung steps down from the Hong Kong Government Judicial Officers Recommendation Committee.

2008

Victor Fung becomes chairman of the International Chamber of Commerce.

2008

Victor Fung is appointed by Donald Tsang to evaluate the financial tsunami's situation and identify new opportunities.

2009

Li & Fung Group lays off employees to cut costs, leading to public criticism.

Victor Fung : FAQs

What is Victor Fung's current net worth?

Victor Fung's current net worth is $1.06 billion.

What is Victor Fung's current global rank among billionaires?

Victor Fung holds the 3310th position globally among billionaires.

What is Victor Fung's current ranking within the United States?

Victor Fung holds the 952nd position in United States.

What was the change in Victor Fung's net worth compared to the previous year?

Victor Fung's net worth decreased by 2.49 million dollars compared to the previous year 2025, when his net worth was 1.06 billion dollars.

What are Victor Fung's main sources of wealth?

Victor Fung's main source of income comes from Sourcing.

In which industry does Victor Fung primarily operate?

Victor Fung is primarily involved in the Logistics industry.

What is Victor Fung educational background?

Victor Fung holds a Doctorate from Harvard University and a Bachelor of Arts/Science from Massachusetts Institute of Technology.

How old is Victor Fung?

Victor Fung is 80 years old.

How many children does Victor Fung have?

Victor Fung has 3 children.

Who is Victor Fung Kwok-king and what is his role in the Li & Fung Group?

Victor Fung Kwok-king is the Group Chairman of the Li & Fung Group of companies, owning a controlling stake of 32% in the business along with his brother William.

What are the educational qualifications of Victor Fung?

Victor Fung holds Bachelor of Science and Master of Science degrees in Electrical Engineering from MIT, a PhD in Business Economics from Harvard Business School, and was a Professor of Finance at Harvard Business School. His early education was at King George V School in Hong Kong.

Can you detail Victor Fung's connection with various public offices and advisory bodies?

Victor Fung has held several public and other offices including chairman of Airport Authority Hong Kong, Hong Kong University Council, and Greater Pearl River Delta Business Council. He's also been involved in the Commission on Strategic Development of the HKSAR Government, the informal Business Advisory Body to the WTO, and the Hong Kong Representative on the APEC Business Advisory Council.

What awards and honours has Victor Fung received?

Victor Fung was named Hong Kong's Businessman of the Year in 1995, appeared in BusinessWeek magazine's Top 25 Managers in 1995, was awarded the Gold Bauhinia Star in 2003, named Businessman of the Year by Forbes Asia magazine in 2005, and was listed as one of "60 Years of Asian Heroes" by Time Asia magazine.

What personal information is known about Victor Fung Kwok-king?

Victor Fung is married with three children and, like his brother William, holds American citizenship.