Fung Victor
#2699

Fung Victor

United States 80 years old

Overview

Source of Wealth
Sourcing
Industry
Logistics
Residence
Hong Kong
Education
Harvard University (Doctorate)
Massachusetts Institute of Technology (Bachelor of Arts/Science)
Marital Status
Married
Children
3

Assets

  • China-HongKong Photo Products Holdin
    35,000,000 shares @ -
    -
    1123-HK
  • Convenience Retail Asia Ltd.
    155,896,000 shares @ -
    -
    831-HK
  • Global Brands Group
    0 shares @ -
    -
    787-HK
  • Lever Style Corporation
    22,500,000 shares @ -
    -
    1346-HK
  • Trinity Limited
    0 shares @ -
    -
    891-HK

Biography

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.