Victor Fung (#3296)
- $ 1 B
- Sourcing
- United States
- M
- 80 Years
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About Me
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 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 by exporting porcelain and silk.
Achievements
Career Highlights
A snapshot of the defining milestones, leadership decisions, and breakthroughs that shaped Victor Fung’s rise and global influence.
Wealth Growth
Net Worth Growth Over Time
Tracking Victor Fung’s net worth journey over the years, highlighting key growth phases and financial milestones.
Current Net Worth: $1.1B
(May 4, 2026)
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