Fung Victor

$1.04B

as of 03/31/24

About Fung Victor

Victor Fung and his younger brother William own a significant stake in Li & Fung, which operates as a middleman between global manufacturers and retailers in the U.S. and Europe.

Victor chaired Li & Fung until William took over in 2012. Victor's son, Spencer, became executive chairman in 2020.

In May 2020 Li & Fung was privatized through a deal worth $930 million.

In August 2022, Danish shipping giant A.P. Moller-Maersk acquired the brothers' logistics business, LF Logistics, for $3.4 billion.

Their grandfather, Fung Pak-liu, founded Li & Fung with partner Li To-ming in 1906 by exporting porcelain and silk.

Personal stats

Citizenship

United States of America

Source of wealth

Sourcing

Residence

Hong Kong, Hong Kong

Marital status

Married

Birth date

10/16/45 (age 79)

Number of children

Education

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

Self-made

inherited and growing

Fung Victor’s fortune is worth

17K

troy ounces of gold

16K

median U.S. household

10K

median U.S. income

0.021%

U.S. credit card volume

0.004%

GDP of the United States

0.003%

United States debt

Net worth over time

Real-time ranking

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