In today’s trading session on November 25th, Vingroup’s (VIC) shares surged by 2.88%, reaching VND 246,400 per unit. This remarkable rise propelled the net worth of Pham Nhat Vuong, Chairman of Vingroup, to $22.5 billion, securing his position as the 100th richest individual globally, according to Forbes.
Mr. Vuong’s wealth has more than tripled since the beginning of 2025, making him the third wealthiest person in Southeast Asia. He trails only two Indonesian billionaires: Prajogo Pangestu, ranked 45th globally with $39.6 billion, and Low Tuck Kwong, ranked 92nd with $24.4 billion.
Notably, the fortunes of those ahead of Mr. Vuong are not significantly larger. American billionaire Steve Cohen holds $23 billion, ranking 99th, while Russian billionaire Gennady Timchenko possesses $23.2 billion, ranking 98th.
Pham Nhat Vuong joins the Top 100 wealthiest individuals globally. (Screenshot)
Earlier in 2025, Forbes’ annual billionaire list, released on January 4th, valued Mr. Vuong’s wealth at $6.5 billion, a $2.1 billion increase from 2024.
By mid-April, his net worth climbed to approximately $8 billion, as reported by Forbes, driven by the impressive recovery of VIC and VFS shares, both tied to Vingroup and VinFast’s ecosystem.
In early November, the Chairman’s net worth rose by 2.34% to $19.3 billion, ranking him 125th globally and surpassing prominent Asian entrepreneurs.
Forbes highlights Mr. Vuong’s journey, noting his education in Russia and his entrepreneurial start with instant noodles in Ukraine during the 1990s. Today, he chairs Vingroup, one of Vietnam’s largest conglomerates.
Bloomberg estimates his wealth at $21 billion, nearly quadrupling since the year’s start, placing him 116th among the world’s richest.
Vingroup and Pham Nhat Vuong are experiencing unprecedented success. Vingroup recently became the first Vietnamese company to surpass a market capitalization of VND 900 trillion.
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