A Vietnamese billionaire surpasses Mr. Trump 248 places in the world's richest list

Vietnam's stock market has been growing positively, so there are billionaires whose assets have increased by billions of dollars in just a few days. A Vietnamese billionaire has surpassed Mr. Trump 248 places on the list of the world's richest people.

The ranking of the richest people in Vietnam has changed significantly after a period of positive stock market growth - Photo: QUANG DINH

Statistics show that the total assets of the 10 richest people on the stock market currently reach nearly 300,000 billion VND (nearly 12 billion USD), an increase of nearly 40,000 billion VND after 6 months.

Sunshine Chairman's assets increased sharply after 1 week

At the end of last week's trading session, SSH shares of Sunshine Homes Development Joint Stock Company and KSF code of Sunshine Group both hit the ceiling.

In particular, after 3 consecutive sessions of increasing to the maximum amplitude, SSH climbed to the price range of 101,800 VND/share. Meanwhile, KSF had 4 ceiling sessions, up to 66,100 VND/share.

After a year of flat growth, just a series of "waves" last week, KSF increased its market price by more than 60%. SSH is not far behind, its market price is estimated to have increased by nearly 47% in the past week.

It should be noted that the liquidity of the two Sunshine stocks is low. For example, SSH on March 13 had 900 units matched, while KSF recorded about 300 units.

Normally, when stock prices and liquidity increase, this is a positive sign, showing strong purchasing power. On the contrary, if stock prices increase but liquidity is poor, investors need to be careful because they may fall into a "price increase trap".

It is not clear whether KSF or SSH fall into the above cautionary cases or not, but the most obvious point is that shareholder assets, especially major shareholders, have increased rapidly as market prices increase.

For example, Mr. Do Anh Tuan, chairman of Sunshine Group, increased his assets in the stock market by 12,000 billion VND after 1 week, to 36,140 billion VND.

According to the 2024 management report, Mr. Tuan owns 54.24% of KSF's capital. At Sunshine Homes, the Thanh Hoa businessman's ownership ratio is 65%. Regarding Mr. Tuan, in February, he submitted a resignation letter as chairman of the Board of Directors of Sunshine Homes for personal reasons.

A Vietnamese billionaire surpasses President Trump 248 places in the ranking of the world's richest people.

According to data from Forbes at the end of March 15, Mr. Pham Nhat Vuong - Chairman of Vingroup , the richest person in Vietnam - had a total net worth of 7.1 billion USD, an increase of 400 million USD after 3 days, but an increase of 3 billion USD compared to statistics at the end of last year.

Thanks to that, Mr. Vuong's ranking on the world's richest people list also "jumped" from 611 to 462. The Vingroup chairman's ranking is 248 places higher than Mr. Donald Trump's at the same time.

Mr. Trump currently holds assets of 4.9 billion USD, ranking 710th in the Forbes list. The recent consecutive adjustments in the US stock market have significantly affected the assets held through the stock channel of Americans.

Meanwhile, Mr. Vuong's assets increased in the context of Vingroup's VIC stock having an impressive increase of nearly 15% after 1 week, and nearly 30% after 1 month recently.

Billionaire Vuong currently holds 691.27 million VIC shares, equivalent to about 18% of the group's charter capital. The rest, Mr. Vuong owns through his own companies.

In addition, Mr. Vuong also holds a large amount of VinFast shares through his own companies and is the general director of this electric car company. However, stock value is only one of many indicators that Forbes calculates when calculating the size of the rich people's assets.

Vietjet Air Chairman Drops in Top 10 Richest People on Stock Exchange

The position of the top 10 richest people on the stock market has changed significantly.

With the increase in assets as mentioned above, Mr. Do Anh Tuan - Chairman of Sunshine - surpassed Ms. Nguyen Thi Phuong Thao - Chairman of Vietjet Air - to reach the top 2 position. Ms. Thao is currently in third place.

In addition, with the downward trend of FPT code, Mr. Truong Gia Binh - Chairman of FPT Board of Directors - although still in the top 7, recorded a decrease of 900 billion VND in assets on the stock market from the beginning of March until now. By the end of 2024, Mr. Binh will still have 14,000 billion VND.

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Source: https://tuoitre.vn/mot-ti-phu-viet-vuot-ong-trump-248-bac-trong-top-giau-nhat-the-gioi-20250315194150007.htm