According to Fobres’ real-time billionaire rankings, the Chairman of Masan Group is ranked 3,361st globally. However, his assets dropped below the $1 billion mark today.

Masan Group Chairman Nguyen Dang Quang speaks at Masan Consumer's listing event. Photo: MCH

Masan Group Chairman Nguyen Dang Quang speaks at Masan Consumer's listing event. Photo: MCH

Mr. Dang Quang's assets decreased due to the unfavorable performance of MSN stock. At the close of trading on 10/7, MSN's market price was 68,800 dong per share, down 11% compared to early this year. Masan Group's stock has fluctuated between 65,000-85,000 dong for about a year now.

Born in Quang Tri in 1963, Nguyen Dang Quang holds a Doctor of nuclear physics. He founded Masan Group in 1996 and brought the brand to Vietnam in 2002. The group is currently one of the largest enterprises in the food and beverage sector, owning brands such as Chinsu chili sauce and Nam Ngu fish sauce.

In addition to being the founder and Chairman of Masan Group, Mr. Quang is a board member of Techcombank. According to Masan Group's 2025 governance report, he directly holds only 18 MSN shares but indirectly owns hundreds of millions of shares in these two businesses through his private companies.

Nguyen Dang Quang was first recognized as a billionaire by Forbes in 2019, with assets totaling $1,3 billion.

Forbes calculates an individual's net worth based on the number and price of shares they hold at a specific time. Additionally, they assess other assets such as ownership stakes in private companies, real estate, artworks, and yachts.

Beyond the Masan Chairman, the assets of three other Vietnamese billionaires also decreased due to the unfavorable performance of their owned stocks. Among them, Vietjet Chairwoman Nguyen Thi Phuong Thao lost $600 million, while Hoa Phat Chairman Tran Dinh Long and Techcombank Chairman Ho Hung Anh each saw their assets decline by $100 million compared to the end of last year.

Conversely, the assets of Pham Nhat Vuong's family members continued to increase after seven months, thanks to the continuous rise in VIC stock. Pham Nhat Vuong, Chairman of Vingroup, along with Pham Thu Huong and Pham Thuy Hang, gained $6 billion, $1,6 billion, and $1,2 billion respectively.

Trong Hieu