Billionaire Pham Nhat Vuong's assets doubled to 8.1 billion USD

The stock market this week fell sharply and then rose sharply, causing many stock prices to fluctuate and the assets of USD billionaires to change. But surprisingly, according to Forbes statistics, the assets of billionaire Pham Nhat Vuong - Chairman of Vingroup Corporation reached 8.1 billion USD, an increase of 600 million USD after only one week. Compared to the beginning of this year, billionaire Pham Nhat Vuong's assets increased by 4 billion USD. With this increase, Mr. Vuong is now ranked 361st in the list of the richest people on the planet.

Assets of Vietnam's USD billionaires fluctuate in a week of volatile stock markets

PHOTO: NGOC THANG

Billionaire Pham Nhat Vuong's assets suddenly increased when VIC shares maintained their upward momentum despite a volatile week in the stock market. In the 4 trading sessions this week, VN-Index had 2 sharp declines and 2 recovery sessions, but many stocks still decreased compared to the end of last week. In contrast, VIC shares only decreased 1 session by 5.49% but had 3 consecutive increases after that, totaling nearly 18% because of 2 ceiling sessions. Similarly, 2 other stocks belonging to Vingroup, VHM and VRE, also had 3 high increases in 4 trading sessions. This is the main reason for the increase in billionaire Pham Nhat Vuong's asset value.

Apart from billionaire Pham Nhat Vuong, the assets of the remaining 3 USD billionaires in Vietnam have remained unchanged. Specifically, Ms. Nguyen Thi Phuong Thao - CEO of Vietjet Air (stock code VJC) currently has assets worth 2.5 billion USD, unchanged after a week. Overall, VJC shares had 2 sessions of decrease and 2 sessions of increase and closed at 85,400 VND, down 900 VND compared to the end of last week. Related to the assets of female billionaire Nguyen Thi Phuong Thao, HDB shares of Ho Chi Minh City Development Bank remained almost unchanged after 2 sessions of decrease and 2 sessions of increase.

Similarly, Hoa Phat's HPG stock did not change much when it had 2 sessions of floor price decrease and 2 sessions of ceiling price increase, standing at 24,300 VND, only down 300 VND after a week. This made the assets of billionaire Tran Dinh Long - Chairman of Hoa Phat Group - still reach 2.1 billion USD like last week. Or the assets of billionaire Ho Hung Anh - Chairman of Techcombank - also continued to stand at 1.7 billion USD, after Techcombank's TCB stock also had 2 sessions of floor price decrease and 2 sessions of stronger increase, bringing the price to 26,600 VND, up 900 VND after a week...

Source: https://thanhnien.vn/tai-san-cua-ti-phu-pham-nhat-vuong-tang-gap-doi-len-81-ti-usd-185250413084638085.htm