Vietnam's Richest Man Surges on Forbes List as Vingroup Stock Soars

Vietnamese billionaire Pham Nhat Vuong has ascended to the 54th position on the global rich list for the first time, becoming the wealthiest individual in Southeast Asia with a net worth of $39.2 billion, according to Vietnam Express (VnExpress) on September 4, 2026. Pham Nhat Vuong, the founder and chairman of Vietnamese conglomerate Vingroup, has continued to accumulate wealth due to a significant surge in his company's stock value, reaching a new historic high of $9.74 per share on the morning of September 4. This increase has added an additional $2.7 billion to the fortune of the 58-year-old tycoon. Real-time data from Forbes' global billionaires ranking indicates that Pham Nhat Vuong's net worth has grown by approximately 36% since the beginning of the year. The American business magazine first included Mr. Vuong in its billionaire rankings in 2013 with an estimated total net worth of just $1.5 billion, placing him at 974th globally. Since then, his wealth has grown by a remarkable 26 times. Last year, he also made his debut among the world's top 100 wealthiest individuals. Meanwhile, Enrique Razon Jr., a 66-year-old Filipino port magnate and chairman and CEO of International Container Terminal Services (ICTSI), currently stands as the second-richest billionaire in Southeast Asia and ranks 132nd globally with a total net worth of $20.8 billion.