Phạm Nhật Vượng, 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.

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Billionaire Phạm Nhật Vượng moves up on Forbes’ list

November 22, 2017 - 16:00

Phạm Nhật Vượng, 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.

Phạm Nhật Vượng is the 479th richest person in the world with total assets of US$4.3 billion. — Photo ndh.vn

Viet Nam News

HÀ NỘI — Phạm Nhật Vượng, 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 Phạm Nhật Vượng is because Vingroup’s shares (VIC) nearly doubled in comparison with mid-2017 period. By the end of June, Vượng owned 724 million shares of Vingroup, equivalent to 27.45 per cent.

On Wednesday, VIC were trading at some VNĐ75,400 (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 Phạm Nhật Vượng, budget carrier VietJet’s CEO Nguyễn Thị Phương Thảo is the second Vietnamese person featured on Forbes’ world billionaires list. Accordingly, Thảo is the 1180th richest person in the world with total assets some $2.1 billion. — VNS

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