Forbes: Billionaire Pham Nhat Vuong is the 33rd richest person in the world, the richest person in Southeast Asia

Billionaire Pham Nhat Vuong's assets were updated by Forbes this morning (Vietnam time) (Screenshot).

With the cooling of VinFast shares, billionaire Pham Nhat Vuong's assets have dropped sharply to 37.4 billion USD. The Chairman of Vingroup Corporation ranked 33rd on Forbes' rich list.

Early this morning (August 17) Vietnam time, Forbes made changes to billionaire Pham Nhat Vuong's assets, according to real-time data.

Specifically, instead of the net worth determined to be up to 77.2 billion USD and ranked 16th in the world as announced last night Vietnam time, Forbes adjusted billionaire Pham Nhat Vuong's assets down to 37.4 billion USD.

On August 16, after VinFast was listed on Nasdaq, Forbes updated billionaire Pham Nhat Vuong's assets at 77.2 billion USD, making him the 16th richest person in the world.

The sudden increase in Mr. Pham Nhat Vuong's asset value was recorded by Forbes after the car company VinFast (a member of Vingroup) was listed on the US Nasdaq exchange. On the first day of its debut, VinFast's VFS shares jumped 68.45%, closing at 37.06 USD/share.

This figure is equal to the capitalization value of VinFast at the closing price of the first session of 85.5 billion USD. However, Vingroup owns 51.36%, two private investment companies owned by Mr. Pham Nhat Vuong, Vietnam Investment Group Joint Stock Company (VIG) owns 33.37% and Asian Star Trading & Investments Pte. Ltd owns nearly 15%.

The number of VFS shares held by Mr. Vuong and internal shareholders are not allowed to be traded.

As of this morning Vietnam time, Forbes has updated the data, showing that Mr. Vuong's assets after the first trading session have dropped to 37.4 billion USD.

Closing the trading session on August 16, VinFast's VFS stock price was at 30.11 USD/share, down 18.8% compared to the previous trading session.

With this decline, VinFast's market capitalization also decreased from 85 billion USD to 69.5 billion USD. VinFast's current value has ranked behind major car manufacturers such as BMW, Mercedes-Benz and Volkswagen after only 1 day of surpassing.

Along with that, Mr. Pham Nhat Vuong's assets also decreased to 37.4 billion USD, according to Forbes . With this asset, Mr. Pham Nhat Vuong became the 33rd richest billionaire in the world.

At number 33, Mr. Vuong has the same assets as billionaire Li Ka-shing, a famous Hong Kong businessman, with assets of 37.5 billion USD. Billionaire Vuong also surpassed Tencent technology giant Ma Huateng and Uniqlo founder Tadashi Yanai.

Not only that, the Chairman of Vingroup Corporation also became the richest person in Southeast Asia and the 5th richest person in Asia.

Mr. Pham Nhat Vuong is only behind Asia's most powerful billionaire Mukesh Ambani ($91 billion), founder of China's largest clean water supplier Zhong Shanshan ($62 billion), Indian business tycoon Gautam Adani ($53 billion) and co-founder of TikTok's parent company Zhang Yiming ($45 billion).

According to Dan Tri

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