While the assets of other billionaires are quite stable, almost unchanged, the assets and position of this Vietnamese billionaire constantly fluctuate strongly.

As of 5:45 p.m. on August 17 (Vietnam time), according to Forbes, the assets of billionaire Pham Nhat Vuong - who is in the top 50 richest people in the world - decreased quite sharply, down another 300 million USD compared to the morning and down 7.3 billion USD compared to the previous session (last night Vietnam time) to 37.2 billion USD.

With this amount of assets, billionaire Pham Nhat Vuong ranked 35th in Forbes' list of the world's richest people.

This morning, August 17, Mr. Vuong was ranked 33rd (at that time his assets were 37.5 billion USD).

With his current position, billionaire Pham Nhat Vuong is still ranked above billionaire Jeff Bezos' ex-wife, Ms. MacKenzie Scott (ranked 36th), who once surpassed German Chancellor Angela Merkel to top the list of the world's most powerful women for the first time, as voted by Forbes.

But Mr. Vuong has fallen three places compared to billionaire Li Ka-shing, a famous Hong Kong businessman (whose assets as of August 17 were at 37.5 billion USD).

However, Mr. Vuong is still the richest person in Southeast Asia. According to Forbes, Southeast Asia has 11 people with assets of $10 billion or more. The richest people in Thailand and Singapore both own $14 billion, while the richest person in Malaysia has $11 billion.

In Asia, Mr. Vuong ranks 5th, after 2 Indian billionaires Mukesh Ambani (92 billion USD), Gautam Adani (53 billion USD) and the 2 richest people in China, Chung Thiem Thiem (62 billion USD), owner of beverage group Nongfu Srping and Truong Nhat Minh - founder of Tiktok (45 billion USD).

Thus, up to this point, billionaire Pham Nhat Vuong is richer than the richest person in Korea, Samsung chairman Jay Y. Lee ($8.4 billion) and richer than the richest person in Japan, Uniqlo owner Tadashi Yanai ($34.8 billion).

Billionaire Vuong is also richer than Ma Huateng - Tencent (35 billion) and richer than Jack Ma (Ma Yun) - Alibaba (24.4 billion USD).

Pham Nhat Vuong's assets dropped to 37.2 billion USD but he is still the richest person in Southeast Asia.

Once ranked 16th in the world

On the evening of August 16 (Vietnam time), Forbes unexpectedly recorded billionaire Pham Nhat Vuong's assets at 84 billion USD, much higher than the 5.9 billion USD half a day earlier. Mr. Vuong's assets then decreased to 74 billion USD following the decline of VinFast shares on the US stock market.

With this level of assets, Mr. Pham Nhat Vuong ranked 16th in Forbes' list of the richest people on the planet and the second richest in Asia. Billionaire Pham Nhat Vuong has officially surpassed billionaire Jim Walton, the heir to the Walmart group.

Forbes released this surprising ranking right after VinFast shares closed above the $37 threshold in their first trading session on the US stock market on August 15. VinFast's capitalization reached $85 billion, surpassing Ford, General Motors and many famous car manufacturers, becoming the world's third largest electric vehicle manufacturer, behind only Tesla and BYD.

However, by the morning of August 17 (Vietnam time), Forbes had made changes to the assets of Vietnam's richest billionaire.

Accordingly, instead of the figure of 84 billion USD and ranking 16th in the world, Forbes adjusted it down to more than 44 billion USD.

This figure is quite similar to Bloomberg's previous assessment. On August 16, Bloomberg said that Mr. Pham Nhat Vuong had an additional 39 billion USD to 44.3 billion USD and entered the top 30 richest people in the world.

Mr. Vuong's assets of more than 44 billion USD are considered to be quite consistent between these two organizations.

Mr. Vuong's assets are fluctuating in a downward trend after VinFast shares fell 25% in the second session on the Nasdaq and are trending downward ahead of the third trading session on this exchange.

VinFast shares have increased dramatically and then decreased sharply in the past few dozen hours and may continue to do so in the coming time, in the context of the number of free float shares being quite low, at 4.5 million units, compared to more than 2.3 billion listed shares.

The number of shares available for trading compared to the total number of outstanding shares is too different, while demand is high. This is a factor that pushes prices up.

However, the strong increase in stock prices in the first session also caused high demand for profit-taking.

In the coming time, a new amount of shares may be released, including several million shares transferred from the partner's warrants, then the supply of VFS in the market will be larger. Price fluctuations will be more accurate.

Therefore, Mr. Vuong's assets and world ranking are still fluctuating.

vietnamnet.vn