According to the latest Forbes update, Pham Nhat Vuong, Chairman of Vingroup, holds assets worth 28 billion USD, a decrease of 1,9 billion USD compared to yesterday. However, since the beginning of the year, his wealth has increased by over 23 billion USD, ranking him 80th globally.

Forbes calculates individual net worth based on the number and price of shares held at a specific time. Additionally, they assess other assets when ranking billionaires, including private company ownership, real estate, art, and yachts.

The wealth of Vietnam's richest person declined due to the poor performance of "Vingroup family" stocks. VIC, VRE, and VHM shares all hit their daily lower limits at the close of trading today. Vinpearl's VPL saw a smaller adjustment, decreasing by only 3%.

Today, Vingroup announced its withdrawal from investing in the North-South high-speed railway project. The group will now focus its resources on key infrastructure projects recently assigned for development, such as: the Olympic sports urban area in Hanoi featuring the Trong Dong stadium with a capacity of 135,000 seats; the VinMetal 2 steel manufacturing plant; two wind power plants in Ky Anh (Ha Tinh); the Hai Phong LNG thermal power plant; and the Can Gio reclaimed super urban area.

Pham Nhat Vuong directly owns 389,9 million VIC shares, equivalent to 10,05% of the capital. However, the businessman and his family hold controlling power in Vingroup, with a total ownership of approximately 65%. He also holds nearly half of VinFast's capital through two private companies.

The Vingroup Chairman was recognized by Forbes as Vietnam's first billionaire in 2013. At that time, he had 1,5 billion USD in assets, ranking 974th globally. Thus, after 12 years, billionaire Pham Nhat Vuong's wealth has increased 18-fold.

Trong Hieu