VFS shares of VinFast electric car company closed the first trading session early this morning (August 16) at a high of 37.06 USD/share, pushing the company's capitalization to about 85.5 billion USD, 3.7 times higher than the initial valuation of 23 billion USD. This also helped the assets of billionaire Pham Nhat Vuong - the head of Vingroup Corporation jump to a high level.
Billionaire Pham Nhat Vuong's assets will skyrocket to over 44 billion USD after VinFast trades on Nasdaq
According to Forbes , Mr. Pham Nhat Vuong currently has assets of 5.5 billion USD, a sharp increase compared to the 4.2 billion USD recorded at the end of July. With this asset, Mr. Vuong ranks 496th on the list of the richest people on the planet. However, the assets of the head of Vingroup Corporation will continue to increase after VinFast shares are officially traded on the Nasdaq exchange in the US.
According to the records, the total number of outstanding shares of VinFast Auto is more than 2.307 billion shares. Of which, 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 remaining small part belongs to other shareholders.
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Thus, in total, Mr. Vuong's two investment companies are holding approximately 1.115 billion VFS shares, equivalent to 48.33% of VinFast shares. If indirectly calculated through these two investments, Mr. Pham Nhat Vuong's assets could increase by 41 billion USD. Adding the existing assets, the value of billionaire Pham Nhat Vuong's assets could reach nearly 47 billion USD.
According to a new article published on Bloomberg , billionaire Pham Nhat Vuong's net worth could increase by another $39 billion after VinFast's impressive debut on the Nasdaq, to a total of $44.3 billion. At that time, Mr. Pham Nhat Vuong could be in the top 30 USD billionaires and the 4th richest person in Asia, after two Indian billionaires Mukesh Ambani, Gautam Adani and the richest person in China, Chung Thiem Thiem - Owner of Nongfu Spring Beverage Group...
Source: https://thanhnien.vn/von-hoa-vinfast-len-855-ti-usd-tai-san-ti-phu-pham-nhat-vuong-tang-bao-nhieu-185230816075715691.htm
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