Businessman

Victor Fung Net Worth

Victor Fung Net Worth is
$1.63 Billion



Victor Fung Biography

$3.7 Billion: Victor Fung’s child Spencer became the fourth generation of the family members to lead Li & Fung when he required over as group leader in July. Victor is definitely honorary chairman and his brother, William, is definitely chairman. The brothers’ grandfather, Fung Pak-liu, founded the business with partner Li To-ming in 1906, exporting porcelain and silk. Li & Fung may be the world’s largest sourcing and logistics company. It supplies clothing and toys, mostly manufactured in China, to merchants like Wal-Mart and Focus on. In July 2014 it spun off its brand-management and licensing devices into a new organization, Global Brands Group Holdings. Victor studied at MIT and Harvard, where he also trained as a professor, before time for Hong Kong in 1973 to greatly help work Li & Fung. Victor Fung Net Well worth: Victor Fung can be an business owner from Hong Kong who also has a net well worth of $2.4 billion. Born Victor Fung Kwok-king in 1945, he produced his fortune among the heirs of the world’s major provider of toys and clothing Li & Fung Group. His grandfather, Fung Pak-liu, launched the business in 1906, that was later on led by his dad, Fung Hon-chu, and finally, Victor and his brother, William, overran the company. Right now, the Fung brothers personal 32% of the managing stake. A graduate of MIT in Electrical Engineering who also keeps a PhD running a business Economics from Harvard, Fung offered as the Chairman of Li & Fung until this past year, when he paid his placement to his brother, and became company’s honorary chairman. Furthermore, Fung offered on many prestigious positions, like the Chairman of Airport terminal Authority Hong Kong, Hong Kong University Council and Greater Pearl River Delta Business Council. Currently, he’s the Co-Chairman of Think that Container and the Evian Group at IMD, and the Chairman of Hong Kong-Japan Business Cooperation Committee. Since 2008, Fung sits on the Chairman’s placement of the International Chamber of Commerce, and he in addition has been awarded with many eminent awards available field. Furthermore, the Fung brothers possess an American citizenship. Victor Fung comes with an estimated net well worth of $1.63 billion by April 2016




Quick Facts

Full NameVictor Fung
Net Worth1.35 billion USD
Date Of Birth1945
ProfessionBusinessperson
EducationHarvard University, Harvard Business School, Massachusetts Institute of Technology
ParentsFung Hon-chu
SiblingsWilliam Fung

Source
IMDB

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