Victor Fung Kwok-king, GBS (Chinese: 馮國經; in some cases Victor K. Fung; birthed 1945, Hong Kong) is the Chairman of Li & Fung group of business. Along with his bro William, he possesses a regulating stake of 32% in business, which was established by his grandpa.
He has actually held a variety of public and also various other workplaces, consisting of Chairman of the Airport terminal Authority Hong Kong, Hong Kong College Council and also the Greater Pearl River Delta Organisation Council.
Education and learning
Fung has Bachelor’s degree as well as Master of Scientific research levels in Electric from MIT. After gaining a PhD in Organisation Business economics from Harvard Company Institution, he remained there as a Teacher of Financing. For his very early education and learning, he registered in King George V Institution in Hong Kong.
Occupation
Today, Victor Fung is the Chairman of Li & Fung Group, as well as his sibling William is the Group taking care of supervisor. Business was started by their grandpa, Fung Pak-liu, in 1906 and also ultimately led by their dad, Fung Hon-chu.
Fung is chairman of the Hong Kong-Japan Company Co-operation Board as well as co-chair of France-based The Evian Group at IMD discussion forum and also think tank. He has actually been chairman given that 2008 of the International Chamber of Business. He was previously chairman of the Hong Kong Growth Council (1991– 2000) and also chairman of Flight terminal Authority. [citation required]
In 2008, Fung was assigned by Donald Tsang, the President of Hong Kong, to be the participant of “Job Force on Economic Obstacles” to examine the circumstance and also determine brand-new possibilities throughout the monetary . The firm gave up workers to reduce prices, for which he was openly criticised.
Various other placements in civil and also civil service:
•Participant of Chinese ‘s Political Consultative Meeting of ‘s Republic of China
•Payment on Strategic Growth of the HKSAR Federal government
•Informal Organisation Advisory Body to the Globe Profession Company
•Hong Kong Agent on the APEC Company Advisory Council (1996), (2001).
•Hong Kong Federal government Judicial Administration Referral Board (? -2006).
Chairman, Fung Global Institute.
Summary
| Victor Fung Kwok-king | |
|---|---|
| Born | 1945 Hong Kong |
| Nationality | Chinese/American |
| Alma mater | Massachusetts Institute of Technology Harvard School of Business |
| Occupation | Engineer, businessman |
| Net worth | $2.9 billion |
| Relatives | William Fung (brother) |
Victor Fung Net Worth: Victor Fung is an entrepreneur from Hong Kong who has a net worth of $2.4 billion. Born Victor Fung Kwok-king in 1945, he made his fortune as one of the heirs of the world’s major supplier of toys and clothes Li & Fung Group. His grandfather, Fung Pak-liu, launched the company in 1906, which was later led by his father, Fung Hon-chu, and eventually, Victor and his brother, William, took over the company. Now, the Fung brothers own 32% of the controlling stake. A graduate of MIT in Electrical Engineering who also holds a PhD in Business Economics from Harvard, Fung served as the Chairman of Li & Fung until last year, when he handed over his position to his brother, and became company’s honorary chairman.
Source:
- Wikipedia
- celebritynetworth