According to Forbes' update on 22/7, Vietnam now has only seven billionaires. Nguyen Dang Quang, Chairman of Masan Group, exited the billionaire ranking last weekend after his assets fell below one billion USD.
During today's volatile stock market session, the combined assets of Vietnam's seven billionaires stood at 46,9 billion USD, a decrease of 3,1 billion USD in just one day. Pham Nhat Vuong, Chairman of Vingroup, experienced the most significant decline, with his assets dropping by over 2,4 billion USD to 31,6 billion USD.
Vingroup's VIC shares fell by the maximum allowable 7% during the session, reaching 202,000 dong per unit.
Vietnam's wealthiest individual directly owns 389,9 million VIC shares, 146,2 million LPB shares, and hundreds of trillions of dong in capital contributions to a series of companies such as GSM, VinSpeed, and VinEnergo.
The assets of two female billionaires, Pham Thu Huong and Pham Thuy Hang, both members of Pham Nhat Vuong's family, also decreased by 304 million USD and 213 million USD, respectively.
Vietjet Chairwoman Nguyen Thi Phuong Thao's assets stood at 3,9 billion USD, a loss of 163 million USD compared to yesterday. Similarly, Techombank Chairman Ho Hung Anh also lost tens of millions of USD.
In contrast, VPBank Chairman Ngo Chi Dung's assets remained unchanged, while Hoa Phat Chairman Tran Dinh Long saw an increase of 11 million USD.
Forbes compiles individual wealth based on the quantity and price of shares an individual holds at a specific time. The magazine also assesses various other assets when compiling rankings, such as: ownership in private companies, real estate, artwork, and yachts.
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Vietnamese billionaires in Forbes' ranking. Graphics: Trong Hieu |
Vietnamese billionaires' assets fell sharply after the stock market dropped 62 points, reaching its lowest level in the past 4 months. According to Tien Phong Securities (TPS), the market performed negatively as selling pressure broadly increased, driving matched order liquidity to its highest level in approximately two months. Overwhelming selling pressure caused the index to decline sharply, with no clear signs of equilibrium emerging by the end of the session.
Trong Hieu
