Vietnam's richest man could enter top 50 billionaires list
(VOVWORLD) - The upcoming IPO of automaker VinFast could make Pham Nhat Vuong the first Vietnamese to enter the world’s top 50 richest people, according to VnExpress.
 Pham Nhat Vuong, chairman of Vingroup. (Photo courtesy of Vingroup) |
The initial public offering of conglomerate Vingroup’s VinFast in the US, expected to occur by next quarter as reported by Bloomberg and Reuters, could increase Vingroup chairman Vuong’s net worth by 23 billion USD.
If VinFast, the first fully fledged automaker in Vietnam, is listed on the New York Stock Exchange with a minimum value of 50 billion USD, Vuong will see his net worth more than triple from his current 9 billion USD to 32 billion USD. That figure exceeds the 30.7 billion USD net worth of the current 50th richest man on Forbes' 2021 billionaires list.
Vuong has been on Forbes’ billionaire lists for nine consecutive years.