The Hoà Phát Group’s stock (coded HPG) witnessed a significant surge on September 4th, climbing by 6.04% to reach 29,850 VND per share, approaching its historical peak. This upturn substantially bolstered the wealth of billionaire Tran Dinh Long and his family.
Mr. Long currently holds approximately 1.9 billion shares, accounting for 25.8% of the company’s charter capital. As of September 4th, his stock holdings were valued at nearly VND 59,103 billion.
Mr. Long’s wife, Vu Thi Hien, owns 528 million shares, valued at VND 15,700 billion. Their son, Tran Vu Minh, holds 176 million shares, estimated to be worth over VND 5,000 billion.
Additionally, Dai Phong Trading and Investment Company, directed by Tran Vu Minh, holds 3.6 million HPG shares with an estimated value of VND 108 billion.
The cumulative wealth of Mr. Long’s family surpasses VND 80,000 billion. When including the holdings of the entire management board and their families, the figure exceeds VND 100,000 billion. Aside from Mr. Long’s family, five other top executives and their families possess assets exceeding VND 1,000 billion.
According to Forbes’ real-time rankings, Mr. Long’s wealth stands at $3 billion, a $173,000 increase from the previous day. He is currently ranked 1309th among the world’s richest individuals.
Steel Stocks: A Magnet for Investment Funds
With the strong comeback of large-cap stocks, the VN-Index surged towards the 1,700-point mark. Steel stocks attracted significant trading volume in today’s session (September 4th).
“Vietstock Daily Recap: Scaling Summit Heights?”
The VN-Index surged after a back-and-forth session, setting a new peak (based on the closing price) and inching closer to the 1,700-point mark. If trading volume surpasses the 20-day average in upcoming sessions, the upward trajectory is likely to be reinforced.
“The Dynamic Duo: FTSE ETF Fund Embraces a New Identity, Sets Sights on FPT and SHB”
According to BSC Research, the $352 million FTSE Vietnam ETF will undergo a name change and shift its reference index to the STOXX Vietnam Total Market Liquid index.
The Billionaire’s Historic High
As of 2023, Vietnamese billionaire Pham Nhat Vuong ranks 196th on the Forbes list of the world’s wealthiest individuals, with a staggering net worth of $13.6 billion.
The Billionaire’s Record-Breaking Feat: A First for Vietnam
For the very first time in Vietnam, a billionaire has achieved this remarkable feat.
