William Fung Kwok Lun
OBE JP () (born 21 February 1949) is a Hong Kong
billionaire
A billionaire is a person with a net worth of at least one billion (1,000,000,000, i.e., a thousand million) units of a given currency, usually of a major currency such as the United States dollar, euro, or pound sterling. The American busin ...
businessman who is the group managing director of
Li & Fung
Li & Fung Limited is a Bermuda-incorporated, Hong Kong-based supply chain manager. In 2020, it was reportedly struggling to turn its century-old business around for years.
On 13 February 2017, it was removed from the blue chip index: Hang Sen ...
Group, one of the largest trading companies in Hong Kong.
Early life
Fung was born in 1949 in Hong Kong. He attended
Princeton University
Princeton University is a private university, private research university in Princeton, New Jersey. Founded in 1746 in Elizabeth, New Jersey, Elizabeth as the College of New Jersey, Princeton is the List of Colonial Colleges, fourth-oldest ins ...
in its class of 1970, majoring in
electrical engineering
Electrical engineering is an engineering discipline concerned with the study, design, and application of equipment, devices, and systems which use electricity, electronics, and electromagnetism. It emerged as an identifiable occupation in the l ...
. He subsequently earned an MBA from
Harvard Business School
Harvard Business School (HBS) is the graduate business school of Harvard University, a private research university in Boston, Massachusetts. It is consistently ranked among the top business schools in the world and offers a large full-time MBA p ...
in 1972.
Fung is one of two sons of
Fung Hon-chu Fung Hon-chu, OBE, JP (; 27 January 1911 – 9 August 1994) was a Hong Kong businessman and chairman of the Li & Fung, a leading trading firm in Hong Kong.
Fung was born in Canton in 1911 to Fung Pak-liu, the founder of the Li & Fung Limited. He ...
, former head of Li & Fung, and grandson of
Fung Pak Liu, founder of the family firm.
He is the younger brother of
Victor Fung Kwok King, the chairman of the group.
Career
Fung joined the family firm, and helped it expand to Taiwan, South Korea, Singapore and China.
Fung is a
non-executive director
A non-executive director (abbreviated to non-exec, NED or NXD), independent director or external director is a member of the board of directors of a corporation, such as a company, cooperative or non-government organization, but not a member of the ...
of
HSBC Holdings
HSBC Holdings plc is a British multinational universal bank and financial services holding company. It is the largest bank in Europe by total assets ahead of BNP Paribas, with US$2.953 trillion as of December 2021. In 2021, HSBC had $10.8 tril ...
,
CLP Holdings Limited,
VTech Holdings Limited,
Shui On Land Limited and
Singapore Airlines
Singapore Airlines (abbreviation: SIA) is the flag carrier airline of the Republic of Singapore with its Airline hub, hub located at Singapore Changi Airport. The airline is notable for highlighting the Singapore Girl as its central figure in ...
.
Fung served as the international chair of the Pacific Economic Cooperation Council from 1999 to 2001.
Philanthropy
Fund endowed the "Fung Scholarship" at his alma mater, Princeton University. In 2009, he was appointed to the university's board of trustees.
Personal
Fung is married with three children and, like his brother Victor, holds American citizenship.
See also
*
List of Princeton University people
This list of Princeton University people include notable alumni (graduates and attendees) or faculty members (professors of various ranks, researchers, and visiting lecturers or professors) affiliated with Princeton University. People who have g ...
References
{{DEFAULTSORT:Fung, William
1949 births
Living people
Officers of the Order of the British Empire
Hong Kong chief executives
Hong Kong billionaires
Li & Fung
HSBC people
Princeton University School of Engineering and Applied Science alumni
Harvard Business School alumni
Members of the Selection Committee of Hong Kong
Members of the Preparatory Committee for the Hong Kong Special Administrative Region
Hong Kong Basic Law Consultative Committee members
New Hong Kong Alliance politicians