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William Fung is a Hong Kong billionaire businessman and the Group Deputy Chairman of the Fung Group. Born in 1949, he is a Harvard Business School MBA graduate. His main source of wealth comes from Sourcing. Over a successful career, he has played a key role in transforming Li & Fung into a global trading powerhouse, as well as serving as a non-executive director of several prominent companies. His estimated net worth is $1.1 Billion, as of 2024.
William Fung Kwok Lun was born in Hong Kong on February 21, 1949. He is the grandson of Fung Pak-liu, who co-founded Li & Fung, and the son of Fung Hon-chu. He has a younger brother, Victor Fung, who is the chairman of the Fung Group. Fung attended Princeton University, graduating in 1970 with a degree in electrical engineering. He earned his MBA from Harvard Business School in 1972.
Fung joined the family firm, Li & Fung, after completing his education. Under his leadership, the company expanded its operations to Taiwan, South Korea, Singapore, and China. He played a crucial role in transforming Li & Fung into a global trading powerhouse. Together with his brother, William drove the development of the supply chain infrastructure at Li & Fung, enabling it to become a leading consumer goods design, development, sourcing, and logistics company.
William Fung played a key role in developing Li & Fung's strategy, growing it from a simple exporter into a global supply chain management expert. He focused on building a vast network of suppliers and offices in many countries. The company's approach was to connect American and European consumers with factories in various countries.
William Fung is also recognized for his philanthropy. He endowed the "Fung Scholarship" at Princeton University and served on the university's board of trustees.
Earned MBA from Harvard Business School.
Joined family business Li & Fung.
Served as the international chair of the Pacific Economic Cooperation Council.
Awarded Businessman of the Year by Forbes Asia.
Awarded the Silver Bauhinia Star by the Hong Kong Special Administrative Region Government.
Appointed to the board of trustees of Princeton University.
Received the Lifetime Achievement Award from the Hong Kong Trade Development Council.
William stepped down as chairman of Li & Fung.
Endowed the "Fung Scholarship" at Princeton University
