Logo
SubscribeSign In
LeaderPortfolio
Billionaire Profile
William Fung
Global Rank
#3036

Image: Tombus20032000 | CC BY-SA 4.0 | via Wikimedia Commons

William Fung

CEO, Sourcing
HONG KONG
Real-Time Net Worth
$1.081B
Estimated based on Sourcing stock value as of March 6, 2026
0% (24h)
Age
76
Source
Sourcing
Industry
Logistics
Citizenship
HONG KONG

Biography

Dr. William Fung Kwok Lun, a Hong Kong-based billionaire, is the Group Deputy Chairman of the Fung Group, a multinational conglomerate involved in trading, logistics, distribution, and retailing. His career has been marked by his leadership at Li & Fung, a leading global supply chain management company, where he played a crucial role in expanding the business globally. With a net worth of $1.1 billion as of 2026, Fung is known for his strategic acumen and his contributions to the supply chain industry. He has a rich educational background, earning degrees from Princeton University and Harvard Business School.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life

William Fung Kwok Lun was born on February 21, 1949, in Hong Kong. He is the grandson of Fung Pak-liu, who co-founded Li & Fung, and the son of Fung Hon-chu. He graduated from Princeton University with a Bachelor of Science in Engineering and earned an MBA from Harvard Business School in 1972.

Rise to Success

Fung joined the family business, Li & Fung, and played a significant role in its expansion, transforming the company into a global trading powerhouse. He served as the Group Chairman of Li & Fung Limited until October 2020, when the company was privatized. In 2022, the logistics business LF Logistics, was acquired by A.P. Moller-Maersk for $3.4 billion.

Key Business Strategies

Under William Fung's leadership, Li & Fung focused on supply chain management, connecting manufacturers with retailers. His strategies included expanding operations to various countries and leveraging digital technologies to enhance efficiency and sustainability. Fung also oversaw strategic partnerships and acquisitions to grow the business, and made efforts to diversify into new product ranges. He served as Chairman and Non-Executive Director of Convenience Retail Asia Limited.

Philanthropy

William Fung is known for his philanthropic endeavors. He endowed the "Fung Scholarship" at Princeton University and joined the board of trustees in 2009.

Career Milestones

1972

Graduated from Harvard Business School

Earned an MBA, furthering his business knowledge.

1970

Graduated from Princeton University

Obtained a Bachelor of Science in Engineering.

1999

Honorary Doctorate

Received an Honorary Doctorate of Business Administration from the Hong Kong University of Science and Technology.

2000

Emerging Markets CEO of the year

Awarded by Euromoney.

2005

Businessman of the Year

Awarded by Forbes Asia.

2008

Silver Bauhinia Star

Awarded the Silver Bauhinia Star by the Hong Kong Special Administrative Region Government.

2020

Privatization of Li & Fung

Li & Fung was privatized through a deal.

2020

Stepped down as Chairman of Li & Fung

Victor Fung's son, Spencer, took the helm.

2022

LF Logistics sold

Danish shipping giant A.P. Moller-Maersk acquired LF Logistics for $3.4 billion.

Philanthropy & Social Impact

Education

Fung Scholarship

Undisclosed

Endowed the Fung Scholarship at Princeton University

Compare William Fung

Net Worth Face-off
William Fung vs Elon Musk
Compare Wealth →
Net Worth Face-off
William Fung vs Jeff Bezos
Compare Wealth →
Net Worth Face-off
William Fung vs Mark Zuckerberg
Compare Wealth →