Mr. Pham Nhat Vuong quickly entered the top 3 billionaires in Southeast Asia

Minh Huy |

Billionaire Pham Nhat Vuong "surpassed" many Indonesian billionaires, climbing to the top 3 in the list of the richest people in Southeast Asia, according to Forbes' update.

Billionaire Prajogo Pangestu

Forbes updated the assets of billionaire Prajogo Pangestu at 44.4 billion USD, continuing to increase by 1.2 billion USD, equivalent to 3.02% compared to the previous update. He is currently ranked No. 1 in the ranking of the richest people in Southeast Asia. In the list of world billionaires, Mr. Prajogo Pangestu is ranked 41st.

He operates mainly in the petrochemical and energy sectors, through companies such as Barito Pacific and Barito Renewables Energy. Prajogo Pangestu first appeared on the Forbes billionaire list in 2017, when he owned assets of about 1.8 billion USD.

Billionaire Low Tuck Kwong

Billionaire Low Tuck Kwong is currently ranked 92nd in the world with a net worth of about 24.5 billion USD.

He is the founder of Bayan Resources, a large coal mining company in Indonesia. He also runs Metis Energy, a Singapore-based renewable energy company, and holds a stake in The Farrer Park Company and Samindo Resources.

Billionaire Pham Nhat Vuong

Update from Forbes, the net assets of billionaire Pham Nhat Vuong, Chairman of Vingroup Corporation, continued to increase to 22.6 billion USD, equivalent to an increase of 400 million USD compared to the previous update. He is currently ranked 101st in the list of billionaires in the world. In Southeast Asia, billionaire Pham Nhat Vuong is ranked 3rd in the top 5 richest people, just after billionaire Prajogo Pangestu and billionaire Low Tuck Kwong.

Mr. Pham Nhat Vuong is the first USD billionaire in Vietnam to own assets of over 22 billion USD, and is also the first Vietnamese to be in the group of 100 richest people in the world. Compared to the beginning of 2025, Mr. Pham Nhat Vuong's assets have increased by 3 times.

Billionaire R. Budi Hartono and billionaire Michael Hartono

According to Forbes, billionaire R. Budi Hartono owns a fortune worth 21.3 billion USD. He is ranked 112th in the world richest person rankings. Billionaire Michael Hartono owns assets worth 20.5 billion USD and is ranked 120th in the world.

Most of their assets come from investments in the Central Bank of Asia (BSC), which was bought back after the 1997-1988 Asian financial crisis. Hartono's family started out in the tobacco industry and is still one of the largest tobacco manufacturers in Indonesia.

In 2022, the two brought Global Digital Niaga, owner of a Blibli e-commerce platform, to the platform, earning 510 million USD in the second largest IPO in Indonesia.

Minh Huy
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