Many older businessmen, especially real estate billionaires, have fallen out of the top richest people on the stock market. Instead, many young faces have appeared, some of whom are Gen Zers as young as 23 years old.
In 2024, the list of the richest businessmen in the stock market did not change much in the top 5, but the top 10 had strong fluctuations.
The richest is still Mr. Pham Nhat Vuong - Chairman of Vingroup with nearly 84.4 trillion VND (equivalent to about 3.3 billion USD). Mr. Tran Dinh Long, Chairman of Hoa Phat, is in second place with more than 44.5 trillion VND. Ms. Nguyen Thi Phuong Thao, Chairman of Vietjet Air is in third place, with nearly 23.5 trillion VND.
Mr. Do Anh Tuan - Sunshine ranked 4th in terms of stock value held, with a total value of nearly 23.5 trillion VND, above Mr. Ho Hung Anh - Chairman of Techcombank with 20.7 trillion VND, Mr. Nguyen Dang Quang - Chairman of Masan with 19.6 trillion VND.
However, the following top recorded many famous businessmen leaving the top 10. Those are Chairman of Novaland (NVL) Bui Thanh Nhon, Chairman of Phat Dat Real Estate (PDR) Nguyen Van Dat and Ms. Pham Thu Huong (wife of Mr. Pham Nhat Vuong) are no longer in the top 10 richest people.
Instead, it is FPT Group Chairman Truong Gia Binh, Ms. Nguyen Thi Thanh Thuy (Mr. Hung Anh's wife) with 9,044 billion VND and Ms. Nguyen Thi Thanh Tam (Mr. Hung Anh's mother) with 8,567 billion VND.
Gen Z appears in the top 20
Notably, in the list of the richest people on the stock market in 2024, there are two Gen Z faces (those born from 1995 to 2012) appearing in the top 20. They are the two children of billionaire Ho Hung Anh: Ho Thuy Anh (2001) and Ho Anh Minh (1995), respectively ranked 11-12th richest people on the stock market.
Ho Thuy Anh - daughter of Techcombank (TCB) Chairman Ho Hung Anh - born in 2001, currently owns nearly 334.7 million TCB shares, equivalent to nearly 4.9% of shares. Thuy Anh's assets as of the end of 2024 are worth nearly VND 8,400 billion.
At the end of 2023, Ho Thuy Anh spent nearly VND 2,100 billion to buy more shares to increase her ownership ratio from less than 3% to nearly 4.9%.
Thus, Ho Thuy Anh is close to the top 10 richest people on the Vietnamese stock market at the age of 23.
Mr. Hung Anh's son, Ho Anh Minh (born in 1995), is ranked 12th with the number of shares held almost equal to his sister. Ho Anh Minh's assets are about 8,390 billion VND.
Ho Thuy Anh and Ho Anh Minh are in the top 12 richest on the stock market and have assets surpassing many veteran businessmen, such as Duc Giang Chemicals Chairman Dao Huu Huyen (8,300 billion VND) and Vicostone Chairman Ho Xuan Nang (8,075 billion VND), Mr. Nguyen Van Dat (6,900 billion VND), Ms. Pham Thu Huong (6,920 billion VND), Ms. Truong Thi Le Khanh (6,750 billion VND), Mr. Bui Thanh Nhon (6,330 billion VND), VPBank Chairman Mr. Ngo Chi Dung (6,290 billion VND), or other famous names such as VIB Chairman Dang Khac Vi, KBC Chairman Dang Thanh Tam, Viglacera Chairman Nguyen Van Tuan,...
The reason why Mr. Ho Hung Anh's children's assets have increased sharply is mainly due to receiving shares from their grandmother Nguyen Thi Thanh Tam, transferred from the end of 2023. Previously, Ms. Tam held nearly 5% of Techcombank shares.
The positions of Ho Thuy Anh and Ho Anh Minh in the rankings increased sharply due to the sharp increase in Techcombank shares in 2024, while the shares of many real estate giants such as Novaland (NVL) of Mr. Bui Thanh Nhon, Phat Dat Real Estate (PDR) of Mr. Nguyen Van Dat... decreased.
In 2024, banks are the group with quite good business results and year-end credit growth is close to the target set by the State Bank. Many bank stocks reached historical peaks.
In 2024, TCB shares increased from VND16,000/share at the beginning of the year to VND24,650/share at the end of the year, equivalent to an increase of 54%.
Techcombank recorded positive business results in 2024 and many years before that. Recently, TCB was in the top 5 banks with the largest profits, along with big names Vietcombank, BIDV, Vietinbank and MBBank. There were times when Techcombank ranked second in the system in terms of profits, just behind Vietcombank.
Techcombank's breakthrough under Mr. Ho Hung Anh is remarkable. After more than 10 years under the leadership of Mr. Hung Anh, Techcombank became the first private bank in Vietnam to reach the milestone of 10,000 billion VND in pre-tax profit (2018). In 2022, for the first time, this bank's profit reached 25,600 billion VND, exceeding 1 billion USD.
In the first 9 months of 2024, Techcombank reported pre-tax profit of more than VND 22.8 trillion, completing 84% of the 2024 plan and continuing to be the leading private bank in the market. TCB's success comes from its strategy of diversifying revenue sources, optimizing costs and focusing on developing products and services.
At the 2023 Annual General Meeting of Shareholders, Techcombank's Chairman said that TCB's value could increase 5-10 times in the future.
Source: https://vietnamnet.vn/con-gai-gen-z-cua-ty-phu-ngan-hang-viet-lot-top-12-nguoi-giau-nhat-2359475.html
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