For the first time, Chairman Tran Dinh Long of Hoa Phat Group has been included on the list of the 1,000 richest billionaires in the world.
He surpasses Vietjet Air’s chairwoman Nguyen Thi Phuong Thao to become the second richest person in Vietnam.
According to the list of USD billionaires announced by Forbes in early 2021, Vietnam had six individuals owning assets of over 1 billion USD. Mr. Pham Nhat Vuong, Chairman of Vingroup, was the richest person in Vietnam with assets of 7.3 billion USD.
In second place was Vietjet’s boss – Nguyen Thi Phuong Thao – with a fortune of 2.8 billion USD. Mr. Tran Dinh Long, Chairman of Hoa Phat Group, and Mr. Ho Hung Anh, Chairman of Techcombank, ranked the following positions with assets of 2.2 billion USD and 1.6 billion USD, respectively.
The remaining two positions belonged to Mr. Tran Ba Duong – the boss of Thaco Group – and his family with a fortune of 1.6 billion USD and Mr. Nguyen Dang Quang, Chairman of Masan Group, with 1.2 billion USD.
After more than a year, these names are still on the list of the world’s US dollar billionaires.
According to updated data from Forbes, Mr. Tran Dinh Long’s assets have increased by 1 billion USD to 3.2 billion USD. He is the Vietnamese billionaire with the strongest net asset growth in the past year.
Long has surpassed Ms. Nguyen Thi Phuong Thao to become the second richest person in Vietnam. At the same time, he is also on the list of the 1,000 richest people in the world for the first time. Currently, the chairman of Hoa Phat Group is ranked 997th.
Compared to the first time appearing on Forbes’ list of USD billionaires in 2018, Long’s assets have increased by 1.9 billion USD, bringing him from 1,756th to 997th.
According to Forbes, the net asset of USD billionaires is determined based on the amount of shares, real estate, cash, valuable investments and minus the amount of debt. In particular, the main source of assets of Long comes from the number of shares of Hoa Phat Group. Although it has fallen nearly 20% since its peak in October 2021, HPG’s share price is still nearly 40% higher than it was a year ago.
In Hoa Phat, Long and his family members are currently the largest shareholders with more than 35%. With the current capital of about 211,000 billion VND, equivalent to 9.2 billion USD, the shares owned by Long and his family in this business is worth more than 3.2 billion USD.
Billionaire Pham Nhat Vuong lost 1.2 billion USD after a year
Also, on the updated list as of March 1, the total assets of six Vietnamese USD billionaires are about 18.3 billion USD, 1.6 billion USD higher than in early 2021.
In addition to Mr. Tran Dinh Long, whose assets increased by 1 billion USD, the assets of 3 other USD billionaires also rose sharply.
The assets of Mrs. Nguyen Thi Phuong Thao have increased by 100 million USD, currently at 2.9 billion USD, the 3rd richest in Vietnam and ranked 1,113th in the world.
She is followed by Mr. Ho Hung Anh with 2.5 billion USD, up 900 million USD from a year ago, the fourth richest in Vietnam and 1,267th in the world. During this period, Mr. Nguyen Dang Quang’s assets increased by 800 million USD, to reach 2 billion USD, to be the 5th richest in the country and 1,526th in the world.
In the last place is Mr. Tran Ba Duong and his family with a fortune of 1.6 billion USD, unchanged from the previous year, currently ranked 1,902nd in the world.
The only Vietnamese billionaire who has recorded a decrease in his assets in the past year is Mr. Pham Nhat Vuong. Although he is still the richest person in the country, the owner of Vingroup currently has 6.1 billion USD, down 1.2 billion USD from a year ago.
According to Forbes, most of Mr. Vuong’s fortune comes from shares owned directly and indirectly in Vingroup, the largest private corporation in Vietnam today. Mr. Vuong’s assets dropped sharply as VIC share price experienced a downtrend.
With the dynamic development of the economy, Vietnam now has more millionaires and super-rich people.
According to the latest update from Forbes, total assets of the six billionaires in Vietnam as of December 23, 2021 were up to 19.5 billion USD.