Top 7 Vietnamese billionaires on the list of world billionaires
Vietnam is a country that’s rapidly developing, and its economy is growing at an impressive rate. In recent years, there has been a surge in the number of Vietnamese billionaires, with several individuals making it onto the list of world billionaires. In this article, we’ll take a closer look at the top 7 Vietnamese billionaires who have made it onto the prestigious list, their net worth, and how they made their fortunes. So, let’s dive in and explore the world of Vietnamese billionaires.
Forbes magazine (USA) has just announced the list of the world’s billionaires. In which, Vietnam is honored to have 7 representatives. This is the year Vietnam has the most representatives on the list.
Specifically, these representatives include: Vingroup Chairman Pham Nhat Vuong, VietJet Air CEO Nguyen Thi Phuong Thao, Hoa Phat Chairman Tran Dinh Long, Techcombank Chairman Ho Hung Anh, Thaco Chairman Tran Ba Duong, Masan Nguyen Chairman Dang Quang and Nova Group Chairman Bui Thanh Nhon.
Pham Nhat Vuong
Pham Nhat Vuong is the first billionaire of Vietnam recognized by Forbes for the first time in 2013 with a net worth of 1.7 billion USD. For many years after that, he was always on the list of the world’s billionaires and the richest people in Vietnam. Mr. Vuong was born in Ha Tinh, graduated from Moscow University of Geology in Russia with a bachelor’s degree in Geoeconomic Engineering. Because he was born in a difficult time for the country, from a very young age, he formed the thought and dream of studying well to earn money, pay for his family life and build the nation.
Vingroup is operating based on a strategy of building and developing based on four main brand groups: Vinhome (real estate), Vinpearl (tourism – entertainment), Vincharm (health care and beauty). ) and Vinmec (high quality healthcare). Not only that, the group also expands to other fields such as: Vinschool (pre-school education system, primary school, middle school and high school), VinWonders (entertainment – entertainment), VinFa (pharmaceuticals). It can be said that Vingroup is always highly regarded as a multi-industry brand and the largest corporation in Vietnam, not only that, but it also makes a mark in the real estate sector with major projects of international stature such as: Time City, Royal City, Vinhomes Nguyen Chi Thanh, … and it is certainly impossible not to mention that it is the tallest Landmark 81 building in Vietnam and also the tallest building in Vietnam. Southeast Asia.
A big push created by Pham Nhat Vuong was the birth of the Vinfast car brand in October 2018. Although this is only a fledgling car business in Vietnam, it has made both The world must be amazed by what this brand has done. At the Consumer Electronics Show (CES) 2022 in the US, VinFast announced its vision to become a 100% electric car company by the end of 2022.
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Tran Dinh Long
Tran Dinh Long is a name in the business world. He is one of the most influential people in Vietnam’s steel industry. Even his influence on the stock exchange is compared to billionaire Pham Nhat Vuong. For young people looking to start a business, he is a shining icon to follow. Currently, he is the Chairman of the Board of Directors of Hoa Phat Group Joint Stock Company. In the world, people call him with the praising nickname of Vietnam Steel King.
Tran Dinh Long was born on February 22, 1961, was born and raised in Hai Duong. From a young age, he was praised for being bright, intelligent and inquisitive. Later when he was an adult, he also set big goals for himself. Starting with a job as a second-hand dealer, in order to own a trillion-dollar fortune as he is now, he had to go through many difficulties and obstacles. Over decades, by calculation and maintenance, he successfully built a powerful steel empire that spread throughout Vietnam. Hoa Phat’s products and business activities hold a large share of the market. Since then, he has become more and more a name that every businessman has to respect and admire.
Nguyen Thi Phuong Thao
Ms. Nguyen Thi Phuong Thao is a famous billionaire, well known as CEO of Vietjet Air. Ms. Thao was born in 1970 in Hanoi, holds a doctorate in automation from Mendeleev Institute, a bachelor’s degree from Moscow Institute of Commerce, and a bachelor’s degree in Moscow National Economics School. Belonging to the group of Eastern European students, thanks to participating in commercial activities, Ms. Thao earned her first US$1 million at the age of 21. In 2021 HDBank, Ms. Thao will sit as the permanent vice president, achieving a pre-tax profit of nearly VND 8,000 billion, an increase of 40% compared to the previous year, the highest figure in the more than 30-year history of this bank’s operation. .
Due to the impact of border closures and social distancing, Vietjet Air, the airline founded by Ms. Thao, has sometimes been reduced to a minimum, only transporting goods or transporting medicines and supplies. medical and anti-epidemic support personnel. Taking advantage of low flight demand, Ms. Thao led the digital transformation at Vietjet Air, upgraded many new features, and introduced payment solutions to enhance customer experience. In order to rejuvenate the fleet, Vietjet Air negotiates with suppliers to adjust the contract of receiving aircraft and payment terms more favorable. At the end of 2021, Vietjet will put the wide-body aircraft into operation, meeting the recovery needs of the aviation industry when Vietnam and other countries in the region restore tourism activities.
Bui Thanh Nhon
Billionaire Bui Thanh Nhon was born in 1958 in Long Khanh A commune, Hong Ngu district, Dong Thap province in a large family of brothers. He is known as a famous and wealthy businessman in the real estate world, but he has many years of start-up in the veterinary medicine industry. Mr. Bui Thanh Nhon comes from a bachelor’s degree in agriculture and graduated from Executive MBA, HSB – TUCK, Dartmouth College, USA.
Bui Thanh Nhon famously went up from a veterinary engineer to a trillion-dollar real estate “tycoon” Novaland Group. He is the founder and Chairman of the Board of Directors of Novaland Group. In early 2022, Mr. Nhon withdrew from the position of chairman of Novaland, a real estate company listed on the stock exchange, only holding the position of chairman of NovaGroup, a private group that has just restructured its operations with eight business segments. core, from real estate, agriculture to new business segments such as consumer goods, retail services, entertainment services, logistics, technology, finance… Novaland is a key member of NovaGroup. Listed on the stock market in 2016. Currently, the company is implementing many outstanding projects: Aqua City, Nova World Phan Thiet, Nova World Ho Tram… Novaland announced that it owns a land fund of 10,555 hectares that can accommodate meet business needs in the next 5-7 years.
Ho Hung Anh
Ho Hung Anh was born in Hanoi but his hometown is in Thua Thien Hue province. In 1987, Mr. Hung Anh passed the 22nd engineering training course at the Military Technical Academy. With excellent achievements in his studies, he was honored to be selected by the Ministry of Defense to study military engineering in the Soviet Union. However, when the Soviet Union broke up, he switched to studying electronic engineering at Kiev Polytechnic University, Ukraine. He is the chairman of Techcombank, the leading private bank and the second bank in Vietnam to reach the milestone of 1 billion USD in profit (in 2021).
Along with billionaire Nguyen Dang Quang, Mr. Hung Anh is one of the founding members of Masan Group. Mr. Hung Anh’s business activities are concentrated in the fields of finance, real estate and financial technology. He is leading One Mount Group, a digital ecosystem that deploys technology solutions to transform traditional business models from distribution, real estate and retail. One Mount expects to optimize benefits for the entire supply chain, from business partners (especially small and medium enterprises) to end customers. Masterise Group, a real estate company led by Mr. Ho Hung Anh’s relative, is currently one of the active project developers in the market. The Chairman of Techcombank has a decisive and thorough leadership style at work. He is tight-lipped in front of the media, but has a modern integration and management mindset.
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Nguyen Dang Quang
Nguyen Dang Quang, born in 1963 in Quang Tri, is one of the famous businessmen from Eastern European countries. He himself is a person in the field of mathematics and physics with a doctorate in Nuclear Physics – University of Applied Physics – Academy of Sciences – Belarus. Mr. Quang used to trade in consumer goods in Eastern Europe (FMCG), started his career by selling instant noodles to Vietnamese living here and returned home to establish Masan Group, then invested in Techcombank.
Under Mr. Quang’s hand, Masan Food has now developed into Masan Group operating in many fields such as food, beverages (Masan Consumer Holdings), animal feed – meat processing (Masan Nutri-Science) and minerals assets (Masan Resources with the core being Nui Phao mine). As a self-made billionaire, the boss of Masan Group is a shining example, inspiring Vietnamese startups, especially young people who always want to discover their limits, overcome all difficulties to reach success. Besides, he also has many sayings with a meaningful and poignant business philosophy for young people starting a business.
Tran Ba Duong
Billionaire Tran Ba Duong was born in 1960 in Hue but grew up in Da Lat in a family of 7 siblings. He was the founder and Chairman of the Board of Directors of Truong Hai Group Joint Stock Company (THACO) in 1997. He is also known as the General Director of the Real Estate Investment Joint Stock Company. Dai Quang Minh. Mr. Duong is creative and good at mechanics. At work, President Truong Hai pays attention to details and always keeps ideas for improvement. In Thaco, Mr. Duong’s family owns shares directly and indirectly through Tran Oanh company with a ratio of more than 60%.
In 2021, Truong Hai Group is restructured with six areas of operation: automobile – agriculture – real estate, construction – mechanical engineering, supporting industry – logistics – trade and services. Currently, automobile is the main business of this private group for more than two decades with the assembly, import, distribution and repair services for many brands such as KIA, Mazda, Peugeot, etc. BMW, Foton, Mitsubishi Fuso. Truong Hai also manufactures and assembles Thaco-branded buses and trucks with a localization rate of 35–45% for trucks and 60% for buses. Other outstanding business activities of Truong Hai include: the investor of Sala project in Thu Thiem through Dai Quang Minh real estate company, the investor of Chu Lai economic zone (Quang Nam). In 2021, the company acquired Emart supermarket of a Korean group to develop a modern retail supermarket.
In conclusion, the rise of Vietnamese billionaires is a testament to the country’s economic growth and development in recent years. The top 7 Vietnamese billionaires on the list of world billionaires have amassed incredible fortunes through various industries, including real estate, finance, and technology. Their success stories serve as inspiration to aspiring entrepreneurs and business leaders in Vietnam and beyond.
While their wealth and influence are undoubtedly impressive, it’s important to note that they also have a responsibility to use their resources to benefit society and contribute to the greater good. As Vietnam continues to develop and grow, it will be interesting to see who will be the next Vietnamese billionaire to make it onto the world stage.