With an additional 8.9 billion USD, billionaire Pham Nhat Vuong rose 17 places in the list of the world's richest people.

Since its debut on the Nasdaq of the US stock market, VinFast's VFS shares, despite a correction session, have still recorded a mainly upward trend. In the trading session last night (August 24) in the US, VFS continued to increase rapidly, helping VinFast's market capitalization reach a "peak" and successfully join the "hundred billion dollar capitalization club".

Specifically, at the close of the August 24 session on the US market, VFS shares stopped at $49, up 32% compared to the previous session. VFS recorded the highest closing price since its listing with high liquidity of about 8 million shares. Thanks to that, VinFast's market capitalization reached $113 billion.

With an additional 89 billion USD, tycoon Nhat Vuong increased by 17 billion in the list of the world's richest people, picture 1 — Billionaire Pham Nhat Vuong's assets increased by 8.9 billion USD overnight, rising 17 places in the list of the world's richest people. Screenshot

VinFast is in the top 3 largest car manufacturers in the world by capitalization, after Tesla and Toyota. In the electric vehicle segment, VinFast is in second place in terms of capitalization.

The strong increase in VinFast's market capitalization means that the assets of Mr. Pham Nhat Vuong, Chairman of the Board of Directors of Vingroup Corporation, have also made a big step forward.

Last night, in the US market, Mr. Pham Nhat Vuong was confirmed by Forbes Magazine as the “Biggest Winner” when his assets increased by 8.9 billion USD to 41.1 billion USD. Mr. Vuong’s position in the list of the richest people in the world increased by 17 places to 28. Mr. Vuong is still firmly in the position of the richest person in Vietnam.

The growth rate of the billionaire's assets from Vietnam is much higher than that of many other tycoons such as Zong Shanshan (1.2 billion USD), Wang Xing (652 million USD), Ma Huateng (625 million USD) and He Xiangjian (432 million USD).

It can be seen that the billionaires who won the most in the session on August 24 all came from Asia.

Conversely, the hardest-hit group is high on the list of the world's richest people.

Billionaire Larry Ellison of software giant Oracle saw his fortune drop by $5.6 billion. Behind him in terms of losses were Elon Musk ($4.9 billion), Jeff Bezos ($3.6 billion), Mark Zuckerberg ($2.6 billion) and Larry Page ($2.1 billion).

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