Vietnamese billionaires ride high on soaring stocks

(VOVWORLD) -The six richest people in Vietnam have seen double-digit improvements to their net worth this year, alongside the stock market recovery from a pandemic inflicted slump.
Vietnamese billionaires ride high on soaring stocks - ảnh 1From L), front row: Thaco Group Chairman Tran Ba Duong, Masan Group Chairman Nguyen Dang Quang, Hoa Phat Group Chairman Tran Dinh Long; second row: Vietjet CEO Nguyen Thi Phuong Thao, Techcombank chairman Ho Hung Anh; back: Vingroup Chairman Pham Nhat Vuong. Photo designed by VnExpress/Ta Lu.

The six - five men and one woman - have a total net worth of $16.7 billion this year, according to Forbes. The net worth of four of these billionaires who made the Forbes list of the richest people in the world last year has risen 23 percent to $13.3 billion.

Pham Nhat Vuong, chairman of the biggest private conglomerate Vingroup, remained the richest man in the country with a net worth of $7.3 billion, the highest in the nine years he has been on the list (starting 2013). This marks a whopping 30 percent increase over last year.

Nguyen Thi Phuong Thao, CEO of budget airline Vietjet, has a net worth of $2.8 billion, up 33 percent over last year. The company went through a challenging year as flights were suspended and tourism demand plummeted.

Tran Dinh Long, chairman of Hoa Phat Group, has a net worth of $2.2 billion, up 69 percent over 2018. He has benefited most from the stock market as ticker HPG surged 371 percent since last year’s bottom value in March.

Ho Hung Anh, chairman of biggest private lender Techcombank, was on the list of the third time with a net worth of $1.6 billion, up 60 percent from last year.

Tran Ba Duong, chairman of automaker and assembler Thaco, saw his net worth rise nearly 7 percent to $1.6 billion. Thaco, which is not listed, assembles autos for Kia, Mazda and Peugeot, as well as produce its own vehicles.

Nguyen Dang Quang, chairman of conglomerate Masan Group, has a net worth of $1.2 billion, down nearly 9 percent from 2019.

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