#3234

William Fung

Hong Kong 77 years old

Overview

Source of Wealth: Sourcing
Industry: Logistics
Residence: Hong Kong
Education: Harvard University (Master of Business Administration)
Princeton University (Bachelor of Arts/Science)
Marital Status: Married
Children: 3

Assets

Bank of Communications Co., Ltd

0 shares @ -

-

3328-HK
China-HongKong Photo Products Holdin

35,000,000 shares @ -

-

1123-HK
CLP Holdings Ltd.

0 shares @ -

-

2-HK
Convenience Retail Asia Ltd.

230,900,000 shares @ -

-

831-HK
Global Brands Group

0 shares @ -

-

787-HK
HSBC Holdings PLC

0 shares @ -

-

HSBA-GB
Lever Style Corporation

10,500,000 shares @ -

-

1346-HK
Shui On Land Ltd.

0 shares @ -

-

272-HK
Sun Hung Kai Properties Ltd.

230,000 shares @ -

-

16-HK
Trinity Limited

0 shares @ -

-

891-HK
Vtech Holdings

1,047,000 shares @ -

-

303-HK

Biography

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

William stepped down as chairman of Li & Fung in 2020 when Victor's son, Spencer, took the helm.

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

In 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, exporting porcelain and silk.