The Quiet Daughter of Business Tycoon “Bầu Đức”: Her Astonishing Net Worth and Unique Legacy at HAGL

The Hundred-Billion Dollar Heiress

Last week, Hoang Anh Gia Lai Joint Stock Company (HAG code) announced that Doan Hoang Anh, the daughter of the Chairman of the Board of Directors Doan Nguyen Duc, registered to buy 2 million HAG shares to increase her ownership in the enterprise. The expected transaction time is from August 20 to September 18 through the method of agreement or matching orders on the floor.

HAG shares have continuously adjusted strongly since the end of May up to now. Compared to the highest price this year, HAG price has decreased by 33% and dropped to VND 10,000/share, the lowest since November 2023.

At the current price, it is estimated that Doan Hoang Anh needs to spend more than VND 20 billion to execute the above transaction. After completion, the daughter of Bau Duc’s ownership will increase from 11 million shares to 13 million HAG shares, corresponding to an increase in ownership from 1.04% to 1.23% of Hoang Anh Gia Lai’s capital. Her assets on the stock exchange at that time were equivalent to about VND 135 billion.

Among Mr. Doan Nguyen Duc’s relatives, his daughter Doan Hoang Anh is currently the person holding the most HAG shares. She is also the one whose name is used for Bau Duc’s enterprise. In 2023, in front of many investors, Mr. Doan Nguyen Duc once declared, ” The name of Hoang Anh company is my daughter’s name, and I will never give it up. ”

The Mysterious Female Entrepreneur

However, information about this female entrepreneur in the media is still extremely scarce. A few years ago, Bau Duc once said, “I dare you to find a picture of my wife and children.” Indeed, up to now, there is only a little information about Ms. Doan Hoang Anh in the press.

The first time information about Bau Duc’s daughter appeared in the media was in 2014. At that time, she attended the groundbreaking ceremony for a large-scale construction project of HAGL in Myanmar. Some articles described her as a smart, thoughtful but simple girl, even quietly sitting at the same table with employees during the groundbreaking ceremony, surprising many people when they knew she was the daughter of a famous Vietnamese businessman.

Also in 2014, Mr. Doan Nguyen Duc first broke the rule, sharing little information about his children with the press. “To be honest, I have never talked about my family in the media before, even though it is the place where I am most satisfied and happiest. This time I broke the rule, but it was only brief. I have three children. The first child is 24 years old this year, the girl who was mentioned at the groundbreaking ceremony in Myanmar. Actually, she doesn’t work for HAGL, she just came to help me on that occasion, but she works for a foreign bank to gain experience. I sent my child to study in Singapore when she was 11 years old. The two younger siblings went earlier, one from the age of 5 and the youngest from the age of 2…”, an article recorded Mr. Duc’s words.

In 2020, the name of the young entrepreneur Doan Hoang Anh once again attracted attention in the media when this girl, along with Mr. Bau Thang’s son, opened the Ca Phe Ong Bau chain and held 24.5% of the chain’s shares in the early stages.

Ca Phe Ong Bau has an impressive development speed thanks to its franchise model. In July 2023, the brand launched a new Pha Phin Car franchise model with an investment cost of no more than VND 50 million for a sales point.

Up to now, other information about Bau Duc’s daughter in the media is mainly related to HAG share transactions. In August 2021, Doan Hoang Anh became a shareholder of the Group bearing her name, HAGL.