William Fung Net Worth

William Fung has an estimated net worth of $1.1 billion, according to Forbes Real-Time Billionaires, William Fung profile (figures as of October 20, 2026). That is down from a peak of $2.2 billion.

William Fung is a Hong Kong businessman who, with his older brother Victor, owns a significant stake in Li and Fung, one of the largest trading companies in Hong Kong. His full name is William Fung Kwok-lun, and he was born in Hong Kong on February 21, 1949. He is married with one son and holds British citizenship.

Fung studied electrical engineering at Princeton University in its class of 1970 and earned an MBA from Harvard Business School in 1972. He has stayed close to Princeton, endowing the Fung Scholarship there, and in 2009 he joined the university's board of trustees.

He has served on many company boards as a non-executive director, including HSBC Holdings, CLP Holdings, VTech Holdings, Shui On Land and Singapore Airlines. From 1999 to 2001 he was international chair of the Pacific Economic Cooperation Council.

Fung comes from a long line of traders. He is one of two sons of Fung Hon-chu, a former head of Li and Fung, and he spent his career building on what his grandfather and father started, turning a Hong Kong export house into a global sourcing business.

How William Fung made his money

Li and Fung was founded in 1906 by his grandfather, Fung Pak-liu, together with partner Li To-ming. It started out exporting porcelain and silk. Over the following century it became a middleman between factories in Asia and retailers in the U.S. and Europe, handling sourcing for big brands. William joined the family firm and helped it expand to Taiwan, South Korea, Singapore and China.

In 2020 Li and Fung was taken private in a deal worth $930 million, and William stepped down as chairman that year when Victor's son, Spencer, took over. In 2022 Danish shipping giant A.P. Moller-Maersk bought the brothers' logistics business, LF Logistics, for $3.4 billion. Those deals turned much of the family's holdings into cash.

How Forbes has valued William Fung

Forbes valued Fung at $2.2 billion in 2015. His figure then slid as Li and Fung's business came under pressure, to $1.6 billion in 2016, $1.5 billion in 2017, $1.4 billion in 2018 and $1 billion in 2019.

After several years off the list, he returned at $1.1 billion in 2024 and has stayed there since, including in 2025 and on the 2026 World's Billionaires List. As of October 20, 2026, the Forbes real-time billionaires tracker also showed $1.1 billion. The steady figure reflects a fortune that is now less tied to one listed stock.