According to the latest Forbes richest people on the planet ranking, the net assets of billionaire Pham Nhat Vuong - Chairman of Vingroup Corporation on November 20 increased by 3.07% to 20.9 billion USD.
The strong increase has helped the billionaire increase from 118th to 113th in the world's richest people ranking.
The assets of the richest billionaire in Vietnam continue to increase in the context of Vingroup shares maintaining a positive increase. In today's trading session, the stock market recorded a clear differentiation between industry groups. The market map shows that green is concentrated in the banking group and part of real estate, while industry, consumer services and materials are under pressure to adjust.
Accordingly, VIC code increased sharply by 3.4%, becoming a bright spot for the whole market, VHM code also increased by 0.93%.
Since the beginning of 2025, Vingroup's VIC shares have continuously increased sharply. In November 2025, Vingroup approved a plan to issue 3.85 billion bonus shares (1-1 ratio), expected to increase charter capital to about VND 77,335 billion, and expand to many new industries.
With this scale, billionaire Pham Nhat Vuong's company will also become the largest non-financial company with charter capital on the Vietnamese stock exchange, surpassing Hoa Phat, Masan, PV Gas... Most recently, they will issue shares, or increase capital in 2020, after this group pays dividends to shareholders.
Mr. Pham Nhat Vuong was first included in Forbes' billionaire list in 2016, when his assets were estimated at 1.8 billion USD. 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, thanks to the impressive recovery of VIC and VFS stocks - two stock 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.
