Mr. Pham Nhat Vuong - Photo: VGP
VN-Index has just experienced its second consecutive week of decline in both liquidity and points. Most industry groups have adjusted, but Vingroup stocks continue to go against the current.
The market price of VIC stock alone increased by nearly 10% last week and by more than 40% after 1 month. Thanks to that, shareholders holding this stock have increased their assets rapidly.
Updated from Forbes , as of March 29, the net worth of Mr. Pham Nhat Vuong - chairman of Vingroup - reached 7.5 billion USD, an increase of 3.4 billion USD compared to the beginning of the year.
Forbes 's calculation of the world's richest people's assets is based on many factors, of which assets through stock holdings are an important criterion.
As Vingroup shares skyrocketed, Mr. Vuong's assets rapidly expanded. Currently, billionaire Vuong holds 691.27 million VIC shares, equivalent to about 18% of the group's charter capital. The rest, Mr. Vuong owns through his own companies.
In addition, Mr. Vuong also holds a large stake in VinFast through his private companies and is currently the CEO of this electric vehicle company. Meanwhile, according to Companiesmarketcap, VinFast is currently among the top 10 largest electric vehicle manufacturers in the world with a market capitalization of nearly $8 billion.
Notably, since the beginning of this year, Vingroup’s chairman has risen more than 300 places on the world’s richest list. Currently, Mr. Vuong is in 414th place, surpassing Mr. Donald Trump and billionaire George Soros, both in the US.
As of March 29, 2025, billionaire George Soros has a net worth of 7.2 billion USD, ranking 443rd on the rich list.
George Soros is an American Jewish investor and founder of the legendary hedge fund Soros Quantum Fund.
He became known worldwide after the short-selling event that caused the collapse of the British pound in 1992, a historic event that shook global financial markets. Later, investors also called him the "Wizard of Wall Street".
The surge in VIC shares not only helped Mr. Vuong surpass many renowned American billionaires in terms of net worth, but also pushed Vingroup's market capitalization to a record high.
At the end of last week's session, VIC's capitalization exceeded VND221,000 billion (USD8.7 billion), surpassing FPT to become the largest private enterprise on the stock exchange.
BINH KHANH
Source: https://tuoitre.vn/ti-phu-viet-tai-san-tang-nhanh-chong-vuot-huyen-thoai-dau-tu-george-soros-20250329201223761.htm
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