Vingroup chairman no longer in world's top 300 billionaires

Monday, Mar 16, 2020 14:56

The screenshot of Forbes’ real-time billionaires list on March 15. — VNS Photo

At certain points last year, Vingroup Chairman Pham Nhat Vuong was among the 200 richest people on the planet, but he has now fallen out of the top 300.

According to the Forbes’ real-time billionaires list on March 16, Vuong was still the richest man in Viet Nam, with US$5.5 billion in assets. However, compared to January 1 this year, the chairman of the private group operating in different industries, has lost $2.1 billion. Since that date, he has fallen 100 places and now ranks 342nd in the list.

The group’s Vietnam Grand Prix 2020, slated to be the first Formula One event in the country planned in April, was postponed due to the coronavirus outbreak.

Vuong was not the only Vietnamese billionaire to fall from the list since January 1.

Ho Hung Anh, chairman of Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), lost $400 million and 245 places to rank as 2,015th in the list with assets of $1 billion.

Chairman of Thaco – the biggest car company in Viet Nam – Tran Ba Duong and his family lost $200 million to stay at $1.5 billion in assets. They lost 54 places in the list to rank 1,531th.

At the same time, Viet Nam's first female billionaire Nguyen Phuong Thao’s assets fell $700 million to stay at $2 billion while she lost 207 places from January 1 to rank 1,142th.

On January 1, chairman of consumer goods and natural resources firm Masan Group Nguyen Dang Quang with $1 billion, still sat at 2,167th but on March 16, he is no longer in the list of billionaires. — VNS

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