Vietnam's Richest: Vingroup Founders Dominate Billionaire Wealth

Vietnam’s eight representatives on Forbes’ real-time billionaires ranking have a combined net worth of $54.5 billion. Vuong leads the group with a fortune of $36.5 billion, making him the richest person in Southeast Asia. The 58-year-old Vingroup chairman ranks 60th globally and is $16.6 billion wealthier than Southeast Asia’s second-richest person, Indonesian coal magnate Low Tuck Kwong, whose net worth stood at $19.9 billion as of Aug. 30. Vuong, 58, added as much as $2.3 billion to his fortune on Aug. 27, making him one of the world’s five biggest wealth gainers that day alongside U.S. tech moguls Elon Musk, Larry Ellison, Michael Dell, and Mark Zuckerberg. His wife, Vingroup vice chairwoman Pham Thu Huong, 57, has recently moved into second place in Vietnam with a net worth of $4.1 billion, overtaking Vietjet chairwoman Nguyen Thi Phuong Thao, who is worth $4 billion. Vietnamese billionaire Pham Nhat Vuong and wife Pham Thu Huong. Photo by VnExpress/Thanh Tung and Vingroup Huong, 57, first entered U.S. magazine Forbes’ annual World’s Billionaires list in February alongside her younger sister Pham Thuy Hang, 51, who is now Vietnam’s fourth richest with $2.9 billion. Huong owns a 4.4% stake in Vingroup and has worked alongside Vuong since his early entrepreneurial years in Ukraine. Hoa Phat Group chairman Tran Dinh Long, 65, is Vietnam’s fifth richest person with a net worth of $2.5 billion. He founded Hoa Phat as an equipment and parts distributor in Hanoi in 1992 before developing it into Vietnam’s largest steel producer. Techcombank chairman Ho Hung Anh, 56, follows with $2.3 billion. He and Masan Group chairman Nguyen Dang Quang, 63, are longtime business partners who studied in Russia before returning to Vietnam and building businesses in banking and consumer goods. VPBank chairman Ngo Chi Dung, 58, is worth $1.2 billion, while Quang rounds out the list with $1 billion after briefly losing his billionaire status in July as his company share price declined. Forbes calculates individual wealth primarily based on the number and market value of shares held at a given time but also on other assets, including stakes in private companies, real estate, artwork, and yachts. Subsidiary of VnExpress License number: 71/GP-CBC, Ministry of Information andCommunications, September 22, 2021 Editor-in-Chief: Pham Van Hieu Email: [email protected]: 028 7300 9999 - Ext 8556 10th floor, Block A FPT Tower, 10 Pham Van Bach, Cau Giay Ward, Hanoi