According to the latest update from Forbes, as of September 26, 2025, Vietnamese billionaire Pham Nhat Vuong’s net worth has soared to $15.8 billion, ranking him 162nd among the world’s wealthiest individuals. This marks a remarkable leap, considering that at the beginning of 2025, Vietnam’s richest man was still outside Forbes’ top 700.
On his meteoric rise, Pham Nhat Vuong has surpassed numerous global luminaries, most recently overtaking investment legend Ray Dalio.
Ray Dalio, founder and Chairman of Bridgewater Associates—one of the world’s largest hedge funds—is renowned for developing the “All Weather Portfolio” concept. This investment strategy aims for consistent performance across all market conditions, cementing Dalio’s status as one of the most influential investors globally.
With his $15.8 billion fortune, Pham Nhat Vuong also ranks above Henry Kravis, co-founder and co-chairman of KKR (Kohlberg Kravis Roberts). Kravis is celebrated as a pioneer in leveraged buyouts (LBOs), a strategy KKR has employed to acquire and restructure numerous major companies.
KKR is recognized as one of the world’s largest and most influential private equity firms. Notably, in 2020, KKR led a consortium—including Temasek—that invested $650 million in Vinhomes, a subsidiary of Pham Nhat Vuong’s Vingroup.
Prior to surpassing Ray Dalio and Henry Kravis, Pham Nhat Vuong had already outpaced other high-profile figures on Forbes’ wealth list, including former U.S. President Donald Trump, Samsung Chairman Lee Jae-Yong, and legendary investor George Soros.
Pham Nhat Vuong’s wealth surge is primarily driven by the stellar performance of Vingroup’s stock (ticker: VIC), which has rallied over 300% since the year’s start, reaching a new peak of 164,000 VND per share. Vingroup’s market capitalization has also hit a record high of over 630 trillion VND, making it the first Vietnamese company to achieve this milestone.
Vingroup’s stock hit this new high on the same day the conglomerate broke ground on two major projects totaling 182 trillion VND in investment. These include the Tan Trieu Industrial Zone Infrastructure Development Project (Phase 1) and the Hai Phong LNG Thermal Power Plant Project.
The Tan Trieu Industrial Zone project, covering nearly 227 hectares in Kien Hung and Nghi Duong communes, is led by Vinhomes Hai Phong Industrial Zone Investment JSC, with Phase 1 investment exceeding 4 trillion VND.
The Hai Phong LNG Thermal Power Plant, located within the Tan Trieu Industrial Zone, is a joint venture between Vingroup and VinEnergo JSC, spanning nearly 100 hectares with an investment of over 178 trillion VND.
Earlier, on September 20, 2025, Pham Van Tinh, Deputy Head of the Provincial Economic Zone Management Board, approved the investment policy for a factory leasing project in the electric vehicle component sector, undertaken by Vinhomes Ha Tinh Industrial Zone Investment JSC.
Additionally, Vingroup received another boost as VEFAC’s (ticker: VEF) board proposed a 330% cash dividend, equivalent to 33,000 VND per share. This dividend payout, totaling nearly 5.5 trillion VND, could yield Vingroup approximately 4.6 trillion VND, given its 83.32% stake.
Vietnamese Billionaires Continue to Grow Wealthier Despite Stock Market Decline
Despite the pull from VIC, the VN-Index couldn’t escape a corrective session. Selling pressure emerged across most sectors, particularly in banking and securities.
Stunned by the Wealth of Billionaire Pham Nhat Vuong
If billionaire Pham Nhat Vuong’s entire fortune were converted into $100 bills, the total weight would be approximately 154 tons. Alternatively, stacking the entire $15.4 billion in $100 bills would create a column of money reaching about 16.94 kilometers high.
Surprising Revelations About the Assets of Mr. Pham Nhat Vuong’s Wife
Phạm Thu Hương, wife of Phạm Nhật Vượng, has made significant strides in her wealth accumulation. Holding over 170 million shares of VIC, she now boasts a net worth of nearly 27 trillion VND, officially crossing the “billion-dollar” threshold based on the listed stock value in Vietnam.
Vingroup Sets Unprecedented Record in Vietnam’s History: Billionaire Pham Nhat Vuong and Wife Receive Double Joy in a Single Day
This marks the first time in Vietnamese history that a business has achieved such a feat.
Vingroup Surpasses Vietcombank, Setting Unprecedented Record Under Billionaire Pham Nhat Vuong’s Leadership
Since the beginning of the year, Vingroup’s stock has surged by nearly 290%, adding approximately VND 450 trillion to its market capitalization.
