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Vingroup chairman becomes world’s 16th richest person

Pham Nhat Vuong’s total assets of $73.9 billion now makes him the world’s 16th richest man, according to Forbes.

The net worth of Vuong, Vietnam’s wealthiest man and Vingroup chairman, is up 12 times that of last year ($6.2 billion), according to the U.S. publication which tracks billionaires’ net worth globally in real time.

Vingroup chairman, world’s 16th richest person, Pham Nhat Vuong, net worth,   VinFast

Vingroup chairman Pham Nhat Vuong.

Vuong’s largest net worth Forbes had ever recorded before Wednesday was $7.3 billion in 2021.

VinFast, a car-making unit of Vingroup, of which Vuong owns 99% beneficiary shares, listed on the Nasdaq stock exchange Wednesday, a move that pushed Vuong’s assets up by $39 billion.

The shares made their debut at $22 and closed at more than $37, valuing the company at $85 billion, more than Ford’s market cap of $48 billion, and General Motor’s $46 billion, Reuters reported.

VinFast merged with blank-check company Black Spade Acquisition for the purpose of listing.

The company has received approval to build a $4-billion auto factory in the state of North Carolina in the U.S. It has shipped nearly 3,000 electric cars to the U.S., which is expected to be one of its key markets.

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Source: VnExpress

Vingroup chairman, world’s 16th richest person, Pham Nhat Vuong, net worth, VinFast
 
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