Gen Z is among the richest people on the stock market in 2024

As 2024 comes to a close, the ranking of the richest people on the Vietnamese stock market has seen many changes. Many names have “dropped” out of the top 10.

For the first time in the history of the stock market, a 23-year-old girl ranked 11th in the top richest people on the floor - Photo: QUANG DINH

Last year, the VN-Index increased by more than 12%. However, for many people holding large amounts of stocks, 2024 is still a "difficult" year when market prices adjust and assets "evaporate"...

Which tycoon is out of the top 10 richest people on the stock market?

The total assets of the 10 richest people on the Vietnamese stock market at the end of 2024 reached more than VND 260,000 billion, approximately the same as at the end of 2023 and "less than the peak" in 2021.

Compared to 2023, the top 6 richest people on the stock market in 2024 did not have many changes in rankings.

Not surprisingly, Mr. Pham Nhat Vuong - Chairman of Vingroup and General Director of VinFast - still tops the list, with assets of nearly 85,000 billion VND, far surpassing those behind.

Billionaire Vuong has maintained this "form" for many consecutive years. Since first holding the No. 1 position in 2010, except for 2016 with the sudden rise of Mr. Trinh Van Quyet, Mr. Vuong has been the richest person for 14 consecutive years.

According to Forbes (with other methods of calculation besides stock assets), the richest USD billionaire in Vietnam in 2024 is also Mr. Pham Nhat Vuong with 4.1 billion USD. This billionaire with the desire to make Vietnamese electric cars ranked 712th on the list of the world's richest people last year.

Serial number/Statistics time	12-30-2023	10-12-2024	12-31-2024
1	Mr. Pham Nhat Vuong	Mr. Pham Nhat Vuong	Mr. Pham Nhat Vuong
2	Mr. Tran Dinh Long	Mr. Tran Dinh Long	Mr. Tran Dinh Long
3	Ms. Nguyen Thi Phuong Thao	Ms. Nguyen Thi Phuong Thao	Ms. Nguyen Thi Phuong Thao
4	Mr. Do Anh Tuan	Mr. Do Anh Tuan	Mr. Do Anh Tuan
5	Mr. Ho Hung Anh	Mr. Ho Hung Anh	Mr. Ho Hung Anh
6	Mr. Nguyen Dang Quang	Mr. Nguyen Dang Quang	Mr. Nguyen Dang Quang
7	Mr. Bui Thanh Nhon	Mr. Truong Gia Binh	Mr. Truong Gia Binh
8	Mrs. Vu Thi Hien (wife of Mr. Tran Dinh Long)	Mr. Dao Huu Huyen	Mrs. Vu Thi Hien (wife of Mr. Tran Dinh Long)
9	Mr. Nguyen Van Dat	Mr. Ho Xuan Nang	Mr. Nguyen Duc Tai
10	Mr. Truong Gia Binh	Mr. Nguyen Van Dat	Mrs. Nguyen Thi Thanh Thuy (wife of Mr. Ho Hung Anh)

Returning to the 2024 Vietnamese stock exchange rankings, after Mr. Vuong, in turn, are Mr. Tran Dinh Long - Chairman of Hoa Phat Group; Ms. Nguyen Thi Phuong Thao - CEO of Vietjet Air, Mr. Do Anh Tuan - Chairman of Sunshine, Mr. Ho Hung Anh - Chairman of Tecombank; Mr. Nguyen Dang Quang - Chairman of Masan.

In the top 7, Mr. Truong Gia Binh - Chairman of FPT Corporation, replaced Mr. Bui Thanh Nhon with assets of more than 14,000 billion VND.

Thanks to the continuous peak of FPT shares, Mr. Binh was also the person with the most impressive asset growth last year. Similarly, the nearly 40% growth of MWG shares in 2024 also brought Mr. Nguyen Duc Tai - Chairman of Mobile World to the 9th position.

Two tycoons dropped out of the top 10 compared to 2023: Mr. Nguyen Van Dat - Chairman of Phat Dat Real Estate (PDR) and Mr. Bui Thanh Nhon - Chairman of Novaland (NVL). Both are owners of large real estate businesses in Ho Chi Minh City, but the real estate market still faced many difficulties last year.

Phat Dat's PDR shares lost nearly 18% of their market value in 2024, not only giving the boss a "headache" but also making many shareholders sad. Meanwhile, the value of Novaland's NVL shares "evaporated" nearly 40%.

Compared to October 2024, there are 2 other names that moved from the top 10 list besides Mr. Dat, namely Mr. Dao Huu Huyen - Chairman of Duc Giang Chemicals and Mr. Ho Xuan Nang - Chairman of Vicostone.

Gen Z's Wealth to Increase Dramatically in 2024

Notably, the ranking of the richest people on the stock market in 2024 is the strong rise of two Gen Z faces, namely Ho Thuy Anh and Ho Anh Minh. These are the two children of Mr. Ho Hung Anh - Chairman of Techcombank.

Of which, Ho Thuy Anh (born in 2001) and Ho Anh Minh (born in 1995) both own assets of nearly 8,500 billion VND on the stock exchange, ranked 11th and 12th in the ranking.

The reason why billionaire Ho Hung Anh's two children were promoted quickly in 2024 was thanks to the increase in Techcombank's TCB stock ownership ratio last year.

Meanwhile, TCB has increased more than 50% in 2024, making those who hold a lot of shares "richer".

Thanks to that, not only his two children, Mr. Ho Hung Anh's wife - Ms. Nguyen Thi Thanh Thuy, is also in the top 9 richest people on the stock exchange with assets of more than 9,000 billion VND.

According to the management report for the first 6 months of 2024, Ms. Thuy holds 4.94% of Techcombank's capital, more than 174.1 million shares. Her two children, Ho Anh Minh and Ho Thuy Anh, together hold more than 172.3 million TCB shares, equivalent to 4.9%.

Meanwhile, another daughter of Techcombank's chairman also holds more than 72 million shares, equivalent to more than 2% of the capital. Not only his wife and children, Mr. Ho Hung Anh's sister-in-law, Ms. Nguyen Huong Lien, also holds more than 69.3 million TCB shares, equivalent to 1.97% of the bank's capital.

Generation Z are those born between 1997 and 2012. These young people are considered the new generation that is changing the world.

Source: https://tuoitre.vn/mot-gen-z-lot-top-nguoi-giau-nhat-san-chung-khoan-2024-20250103110149955.htm