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Victor Fung Net Worth

Victor Fung was born in 1945 in Hong Kong and is the grandson of Pak-liu, who cofounded Li & Fung in 1906. Victor and his brother William have grown the company to become the world's largest supplier of clothes and toys, but their fortune has declined since 2011 as more brands take control of their supply chain. Victor chaired Li & Fung until 2012 when William took over, and his son Spencer has been the company's CEO since 2014. Victor's daughter Sabrina is now the deputy chairman of the family's menswear retailer Trinity, and his other two sons Stephen and William's son Terence are also rising in the family business.
Victor Fung is a member of Logistics

Age, Biography and Wiki

Birth Year	1945
Birth Place	Hong Kong, Hong Kong, United States
Age	78 YEARS OLD
Alma mater	Massachusetts Institute of Technology Harvard School of Business
Occupation	Engineer, businessman
Relatives	William Fung (brother)

💰 Net worth: $1.4 Billion (2024)

Victor Fung, a prominent figure in the world of logistics, is expected to amass a staggering net worth of $1.4 billion by the year 2024. Renowned for his significant contributions to the logistics industry, particularly in the United States, Fung has earned an esteemed reputation for his expertise and innovation. With his visionary approach, Fung has successfully established himself as a leading figure in the field, ultimately propelling his financial success to remarkable heights. As an influential force within logistics, Victor Fung continues to shape the industry's landscape, leaving a lasting impact on its future.

2009 $2.6 Billion

2010 $3.55 Billion

2011 $2.8 Billion

2012 $2.9 Billion

2013 $2.7 Billion

2014 $2.5 Billion

2015 $1.75 Billion

2016 $1.6 Billion

2017 $1.4 Billion

2018 $1.46 Billion

Biography/Timeline

1906

At present, Victor Fung is the Group Chairman of Li & Fung Group, and his brother william is the Group managing Director. The Business was founded by their grandfather, Fung Pak-liu, in 1906 and subsequently led by their Father, Fung Hon-chu.

2008

In 2008, Fung was appointed by Donald Tsang, the Chief Executive of Hong Kong, to be the member of "Task Force on Economic Challenges" to evaluate the situation and identify new opportunities during the financial tsunami. The company laid off employees to cut costs, for which he was publicly criticised.