Billionaires’ list, net worth grow on stock market boom

(VOVWORLD) - With the stock market booming after a brief fall in March, the number of Vietnamese billionaires rose to six by year-end, and their combined net worth was 16.2 billion USD.

Billionaires’ list, net worth grow on stock market boom - ảnh 1(From L), Front row: Vietjet CEO Nguyen Thi Phuong Thao, Vingroup chairman Pham Nhat Vuong, Techcombank chairman Ho Hung Anh; Second row: Thaco Group chairman Tran Ba Duong, Hoa Phat Group chairman Tran Dinh Long; Back: Masan Group chairman Nguyen Dang Quang. Photos compiled by VnExpress/Dat Nguyen

In April 2020, when Forbes released its annual list of the world's richest people, Vietnam had only four representatives with a combined net worth of 10.2 billion USD.  

Pham Nhat Vuong, chairman of Vietnam’s largest private conglomerate, Vingroup, remains the richest person with a net worth of 6.8 billion USD, 1.3 billion USD up since April. When he made it into the Forbes list for the first time in 2013, he had been worth 1.5 billion USD.

Nguyen Thi Phuong Thao, CEO of budget airline Vietjet and the richest woman in Vietnam, is second with a net worth of 2.6 billion USD, up 400 million USD from April despite the beating the aviation industry has taken due to Covid-19 travel restrictions.

Tran Dinh Long, chairman of steelmaker Hoa Phat Group is the third richest with 2 billion USD as his net worth rose by more than 1 billion USD with the strong recovery of the company’s stock.

Ho Hung Anh, chairman of the most profitable private lender Techcombank, is fourth with a net worth at 1.8 billion USD, up 800 million USD since April.

Nguyen Dang Quang, chairman of conglomerate Masan Group, returns to the billionaires’ list in fifth place with his net worth rising by 500 million USD to 1.5 billion USD. Masan is a major producer of fish sauce and packaged foods.

Tran Ba Duong, chairman of automaker Thaco Group, is in sixth place with an unchanged net worth of 1.5 billion USD.

The VN-Index closed at 1,103.87 points in the last session of the year, up 14.86 percent over 2019.

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