Vietnamese billionaire among world’s 200 richest people

Billionaire Pham Nhat Vuong has for the first time moved up to the top 200 of the Forbes’ rich list as of July 31.

Thursday, August 01, 2019 18:42

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Billionaire Pham Nhat Vuong (Photo: Forbes)

Hanoi (VNA) – Billionaire PhamNhat Vuong has for the first time moved up to the top 200 of the Forbes’ richlist as of July 31.

According to Forbes’ website, he ranked194th on the list, with a net worth of 8.25 billion USD.

This is the highest place ever for Vuong,owner of multi-business conglomerate Vingroup and Vietnam’s first billionaire.

Earlier on July 29, his assets were 8.1billion USD, up 1.5 billion USD compared to Forbes’ statistics in March, thusthe billionaire jumped up from 239th place to 204th.

The growth of Vingroup’s shares, notably ofVinhomes JSC (VHM) and Vincom Retail (VRE), is attributable to the surge ofVuong’s assets.

Vuong studied in Russia and started apopular instant noodle business in Ukraine in the 1990s before moving back toVietnam.

Vuong chairs Vingroup, one of Vietnam’slargest conglomerates with interests in real estate, retail and health careamong others.

Vietnam has three other billionaires in theForbes list. They were Tran Ba Duong, chairman of Thaco – the biggest carcompany of the country, with a net worth of 1.7 billion USD; Ho Hung Anh,chairman of Vietnam Technological and Commercial Joint Stock Bank (Techcombank)with 1.6 billion USD; and Nguyen Dang Quang, chairman of consumer goods andnatural resources firm Masan Group with 1.3 billion USD.

Jeff Bezos, founder and CEO of onlineretail site Amazon, topped the Forbes list with a 155.2 billion USD fortune.

Bezos was followed by Microsoft founderBill Gates who had 104.5 billion USD and Bernard Arnault – CEO of LVMH, theworld's largest luxury-goods company – with 100.62 billion USD.-VNA

VNA

#Billionaire Pham Nhat Vuong #Vingroup #multi-business conglomerate #Vingroup’s shares #Forbes' rich list #vietnamplus #Vietnam News Agency

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