According to real-time data updated by Forbes on the afternoon of December 2nd, the net worth of Pham Nhat Vuong, Chairman of Vingroup, has surged to $24.7 billion, marking a $1.1 billion increase in the past 24 hours.
This significant rise places Mr. Vuong at the 92nd position among the world’s wealthiest individuals, as ranked by Forbes.
In today’s stock market session alone (December 2nd), the Vingroup Chairman joined the top 5 global billionaires with the largest asset gains, alongside Nvidia CEO Jensen Huang (+$2.5 billion), Zara founder Amancio Ortega (+$2.4 billion), NetEase CEO William Ding (+$2 billion), and LVMH Chairman Bernard Arnault (+$1.7 billion).
Billionaire Pham Nhat Vuong ranks among the top 5 global billionaires with the highest asset growth today. (Screenshot)
Notably, with a net worth of nearly $24.7 billion, Pham Nhat Vuong has become the second wealthiest individual in Southeast Asia. The Vingroup Chairman is now only surpassed by Indonesian billionaire Prajogo Pangestu, whose $42 billion fortune ranks him 41st globally. Prajogo Pangestu is the founder and Chairman of Barito Pacific Group, specializing in petrochemicals, energy, coal mining, and renewable energy.
Pham Nhat Vuong’s wealth is primarily driven by the remarkable surge in Vingroup’s stock (VIC). Closing at VND 275,500 per share on December 2nd, VIC has nearly septupled in value since the beginning of the year.
Beyond VIC, the volatility of other stocks within the Vingroup ecosystem has also significantly impacted Pham Nhat Vuong’s net worth.
In recent months, Vingroup’s ecosystem has expanded rapidly. In October, Pham Nhat Vuong and his family established several companies across diverse sectors, including VinMetal (steel), Vin New Horizon (elderly care), and V-Film (entertainment).
Most recently, Pham Nhat Vuong founded VinSpace, contributing 71% to the company, which specializes in manufacturing aircraft, spacecraft, communication satellites, and air cargo transportation.
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