Victor Fung has an estimated net worth of $1.63 billion as of April 2016 according to Forbes. He currently sits as the Chairman of Li & Fung Group of Companies which was founded by his grandfather, Pak-liu in 1906.  He and his brother William own a controlling stake of 32% in the business.

He served as the Chairman of Greater Pearl River Delta Business Council, Airport Authority Hong Kong and Hong Kong University Council. Presently, he sits as the Chairman of Hong Kong-Japan Business Cooperation Committee, Co-Chairman of Think Tank and The Evian Group at IMD forum which is based in France. Since 2008, he serves as the Chairman of the International Chamber of Commerce. He was recognised as Hong Kong's businessman of the year in 2005.