Pham Nhat Vuong Reaches Billionaire Status, Joining the Global Elite
The assets and position of Vietnamese billionaire, Pham Nhat Vuong, are constantly fluctuating compared to other billionaires, according to Forbes. Vuong, who is among the top 50 richest people in the world, experienced a significant decrease in his fortune, down 300 million USD. With his current wealth, Vuong ranks 35th on the Forbes list of the richest people globally, dropping three places from his previous ranking of 33rd. Despite this, he remains the richest man in Southeast Asia and is ranked fifth in Asia overall. On August 16, Vuong briefly secured the 16th position on the world’s wealthiest individuals list following the success of VinFast shares on the US stock market. However, his assets declined to 74 billion USD after a dip in VinFast’s stock. Vuong’s wealth is expected to continue fluctuating due to VinFast’s stock volatility. Vuong’s assets are still higher than those of MacKenzie Scott, who was ranked the most powerful woman in the world by Forbes. He remains the r...