Forbes' list of world billionaires on December 23, billionaire Pham Nhat Vuong - Chairman of Vingroup continues to rise in assets, to 71st place in the world with a net asset of 30 billion USD, an increase of 3.4 billion USD, equivalent to 12.92% compared to Forbes' update on December 22.
With an impressive increase, Mr. Pham Nhat Vuong has surpassed billionaire Jack Ma - who currently owns 29.7 billion USD. Jack Ma was once known as one of the richest billionaires in China, and the founder of Alibaba Group.
billionaire Pham Nhat Vuong's assets increased thanks to the "upward" of VIC Securities (Vingroup). At the end of the session on December 23, Vingroup shares (code: VIC) of billionaire Pham Nhat Vuong continued to have another flourishing session. VIC price "swerved" to climb to a historical peak of 169,900 VND/cap (adjusted price).
The purple color not only covers VIC but also spreads strongly throughout the "ham" ecosystem of Vingroup. Notably, VHM also increased the ceiling to VND 114,900/share - the highest level in the past 2 months. Meanwhile, VPL (Vinpearl) recorded impressive developments with an increase of over 5%, bringing the market price to 103,000 VND/share.
The heat from the VIC and VHM duo contributed the largest proportion to the VN-Index with more than 22 points of increase, becoming the leader of the index surpassing the historical peak in today's session.
The strong increase has brought Vingroup's capitalization to over 1.3 million billion VND, an unprecedented record in the history of Vietnam's stock market. This capitalization scale is currently 2.7 times higher than Vietcombank - the second largest bank and exceeds the total capitalization of the 4 banks Vietcombank, BIDV, VietinBank and Techcombank combined.
In Vietnam, billionaire Pham Nhat Vuong continues to hold the No. 1 position in the top 5 richest Vietnamese people today.
He is followed by Ms. Nguyen Thi Phuong Thao - Chairwoman of the Board of Directors of Vietjet Air with assets worth 4.8 billion USD, ranking 859th on the world's richest people ranking.
Mr. Tran Dinh Long - Chairman of Hoa Phat Group owns assets worth 2.7 billion USD, ranking 1491 on the world billionaire rankings.
Billionaire Ho Hung Anh, Chairman of Techcombank, currently owns assets worth 2.3 billion USD, ranking 1695 on the world billionaire rankings.
Mr. Nguyen Dang Quang, Chairman of Masan Group, owns assets worth 1.1 billion USD. Currently, billionaire Nguyen Dang Quang is ranked 2993 on the richest person ranking.
In early 2025, according to the annual billionaire list of Forbes announced on January 4, Mr. Pham Nhat Vuong owns 6.5 billion USD, an increase of 2.1 billion USD compared to 2024.
By mid-April, his assets had increased to about 8 billion USD, according to Forbes' update, thanks to the impressive recovery of VIC and VFS stocks, two securities codes associated with the Vingroup and VinFast ecosystems.
In early November, Mr. Pham Nhat Vuong's net assets continued to increase by 2.34%, reaching 19.3 billion USD and making him the 125th richest person in the world, surpassing many famous businessmen in the Asian region.
