Up 425 places, billionaire Pham Nhat Vuong is richer than Mr. Donald Trump

According to the latest update from Forbes, Vietnam has 5 USD billionaires as of March 29.

Chairman of Vingroup (VIC) and CEO of VinFast (VFS) Pham Nhat Vuong recorded his assets skyrocketing to the highest level in the past two years, reaching 7.5 billion USD as of March 29.

With this level, Mr. Vuong ranked 414th in the world , a sharp increase compared to his assets of 6.7 billion USD and position 502 on March 10 and position 839 recorded near the end of January.

Thus, compared to the end of January, billionaire Pham Nhat Vuong has increased 425 places.

With his current fortune, billionaire Pham Nhat Vuong is much richer than US President Donald Trump. Mr. Trump has a fortune of 4.8 billion USD, ranked 722nd in the world as of March 29, according to Forbes.

Billionaire Pham Nhat Vuong's assets have increased recently in the context of Vingroup (VIC) and Vinhomes (VHM) stocks breaking out and he is about to list Vinpearl shares on the stock exchange.

Asset fluctuations of Mr. Pham Nhat Vuong. Chart: MH

Since the beginning of March, VIC shares have increased by about 38%, from 42,000 VND/share to 58,000 VND/share as at present.

Meanwhile, VHM shares increased by about 31.3%, from below VND39,000/share in mid-February to VND51,200/share as of the end of the session on March 28.

VIC shares increased sharply, bringing the market capitalization of Vingroup - chaired by Mr. Pham Nhat Vuong - to nearly 222 trillion VND (equivalent to 8.6 billion USD).

Mr. Vuong and two related companies, Vietnam Investment Group Corporation and VMI Real Estate Investment and Management Corporation, are holding the majority of shares in Vingroup. The total value is about 4.7 billion USD.

Vinpearl (VPL) filed for listing of more than 1.79 billion shares on the Ho Chi Minh City Stock Exchange (HOSE) on March 6. Prior to the filing, Vinpearl had distributed more than 70 million shares to the public at VND71,350 per share, raising more than VND5,000 billion.

Vinpearl has a charter capital of nearly 18 trillion VND. Capitalization calculated at the most recent offering price reached nearly 128 trillion VND.

This is the leading service and resort tourism brand in Vietnam, with dozens of Vinpearl, VinWonders, Vinpearl Golf... facilities in famous destinations such as Phu Quoc, Nha Trang, Hoi An, Quang Ninh...

In addition, Mr. Vuong's assets are also in VinFast shares - a company listed on the US Nasdaq stock exchange. VinFast (VFS) has a capitalization of about 8 billion USD.

Mr. Vuong is among the world's top 500 richest people. Photo: DK

Billionaire Pham Nhat Vuong's "Vin family" stocks have recently made waves with good business results and are implementing many large projects such as Vin Vu Yen Hai Phong, Vin Co Loa, Vin Dan Phuong,...

The Ho Chi Minh City People's Committee has also approved the investment project to build the sea encroachment item of the Can Gio sea encroachment urban tourism project in Long Hoa commune and Can Thanh town, invested by Can Gio Urban Tourism Joint Stock Company (a member of Vingroup Group).

While billionaire Pham Nhat Vuong's assets increased quite strongly, US President Donald Trump's assets tended to decrease and are now only 4.8 billion USD, compared to the previous level of 6 billion.

Many Trump stocks, including Trump Media & Technology Group (owner of Truth Social), have recently plummeted.

Trump's family corporation, the Trump Organization (founded in 1927), initially operated primarily in the construction and real estate development sector in New York. After taking over in 1971, Donald Trump expanded his operations into many other areas, including hotels, golf courses, entertainment, property management, brokerage, marketing, etc.

In early November 2024, Mr. Trump had a fortune of 6.2 billion USD (ranked 529th in the world). By mid-July 2024, this figure was 6.5 billion USD and Mr. Trump ranked 450th in the list of USD billionaires globally.

In addition to Mr. Pham Nhat Vuong, Vietnam also has other USD billionaires. As of March 29, Vietjet Chairman Nguyen Thi Phuong Thao has 2.7 billion USD. Hoa Phat Chairman Tran Dinh Long has assets of 2.3 billion USD. Techcombank Chairman Ho Hung Anh has 1.9 billion USD. Masan Chairman Nguyen Dang Quang has assets of 1 billion USD.

Mr. Tran Ba ​​Duong, Chairman of Thaco Group, is no longer present, as his net worth is estimated by Forbes to be under 1 billion USD.

Billionaire Pham Nhat Vuong's assets have broken out again, with the appearance of super banking stocks . This is the first time in the history of Vietnam's stock market that a name with more than 8 billion shares has appeared. Billionaire Pham Nhat Vuong's group of stocks is the pillar that supports the stock market to stay above the 1,330 point threshold.

Source: https://vietnamnet.vn/ty-phu-pham-nhat-vuong-giau-bo-xa-ong-donald-trump-2385694.html