Billionaire Pham Nhat Vuong moves up on Forbes’ list

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Pham Nhat Vuong, billionaire founder and chairman of Vingroup, is ranked 479th on Forbes Magazine's updated list of the richest people in the world.

Pham Nhat Vuong is the 479th richest person in the world with total assets of US$4.3 billion. — Photo ndh.vn

Pham Nhat Vuong, billionaire founder and chairman of Vingroup, is ranked 479th on Forbes Magazine’s updated list of the richest people in the world on Wednesday with total assets of US$4.3 billion.

The significantly increasing assets of billionaire Pham Nhat Vuong is because Vingroup’s shares (VIC) nearly doubled in comparison with mid-2017 period. By the end of June, Vuong owned 724 million shares of Vingroup, equivalent to 27.45 per cent.

On Wednesday, VIC were trading at some VND75,400 (US$3) per share. VIC tends to go up due to the information that 1.9 billion VRE shares of Vincom Retail Joint Stock Company were officially listed on HCM Stock Exchange earlier this month and Vingroup had recently launched VPF Football Training Centre.

Along with Pham Nhat Vuong, budget carrier VietJet’s CEO Nguyen Thi Phuong Thao is the second Vietnamese person featured on Forbes’ world billionaires list. Accordingly, Thao is the 1180th richest person in the world with total assets some $2.1 billion. — VNS

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