Vietnamese Billionaire Incredible Gains

Vietnamese billionaire Pham Nhat Vuong, Southeast Asia’s richest person, ranks among world’s top 5 one-day wealth gainers.

Vuong, chairman of conglomerate Vingroup, saw his fortune increase by as much as US$2.3 billion during the day, the fourth-largest gain globally, according to Forbes.

Musk recorded the biggest increase, with his wealth rising by $6.8 billion, followed by Oracle chief technology officer Larry Ellison with a $4.3-billion gain.

At the time of publication, Musk remained the world’s richest person with an estimated net worth of $872 billion, while Vuong ranked 60th globally with $36.5 billion.

Vingroup shares climbed to a new peak of VND236,000 ($9.05) Thursday, having risen 38% since the beginning of the year.

Vietnam’s biggest company was last week included in the FTSE Global Equity Index Series alongside 26 others in the country.

Also on Thursday, Vuong’s wife Pham Thu Huong became the second richest person in Vietnam with $4 billion in wealth, and shared the spot with Nguyen Thi Phuong Thao, chairwoman of low-cost airline Vietjet Air.

- Author: Dat Nguyen, VnExptess