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# 165 Pham Nhat Vuong $9.39B

Random fact: Plays soccer and basketball with Vingroup employees.

Overview

Vuong is the chairman of Vingroup, the biggest private-sector company in Vietnam. The Hanoi-based group has interests in property development, retail, car making and healthcare. It's also the producer of Vietnam's first locally made smartphone. Vingroup had revenue of 122.6 trillion dong ($5.3 billion) in 2018.

As of :
Last change +$26.1M ( +0.3%)
YTD change +$1.86B ( +24.6%)
Industry Real Estate
Biggest asset VIC VN Equity
Citizenship Viet Nam
Age 51
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

Pham Nhat Vuong's net worth of $9.39B can buy ...

0
troy ounces of gold
0
barrels of crude oil

... and is equivalent to ...

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of the GDP of the United States
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of the total wealth of the 500 richest people in the world
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of the top 100 U.S. college endowments
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of the top 200 U.S. executives’ total awarded compensation
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of U.S. existing home sales
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times the median U.S. household income

Latest News

Net Worth Summary

Cash
Private asset
Public asset
Misc. liabilities
Confidence rating:

The majority of Vuong's fortune is derived from his 63 percent stake in Vingroup. The Hanoi-based conglomerate had revenue of 122.6 trillion dong ($5.3 billion) in 2018, according to the 2018 preliminary annual report. It's the biggest private-sector company in Vietnam, according to its website.

He holds his shares in publicly traded Vingroup directly and through a holding company named Vietnam Investment Group, where he has a 93 percent stake, according to the company's 2017 annual report. Shares held by Vuong's wife, Pham Thu Huong, are credited to him, to reflect his status as the founder.

A liability of $1 billion is added to reflect calculated cash outflows. It also reflects an analysis of dividends, market performance, insider transactions, taxes and proceeds from asset sales.

The company didn't respond to requests for comment.

Biography

Birthdate: 8/5/1968
Family: Married, 3 children

Pham Nhat Vuong was born in Vietnam in 1968 and studied geological economic engineering at Moscow Geology University in Russia. After school, he moved to Ukraine, where he set up LLC Technocom, a producer of more than 100 dehydrated food products, including instant noodles and mashed potato under the Mivina brand. Technocom had revenue of more than $100 million when Vuong sold it for an undisclosed price to Nestle SA in 2010.

Vuong returned to Vietnam in 2001 and started resort developer Vinpearl Joint-Stock Co. and the following year Vincom Joint-Stock Co., which develops mid- to high-end commercial and residential properties. Vinpearl and Vincom, both of which were listed, merged to form Vingroup in 2011.

Vuong travels to other cities for ideas. When the developer was building the Vincom Center in Ho Chi Minh City, he organized a trip to Singapore for the complex's retail tenants, paying for their airfare and accommodations. They went to Ion Orchard, jointly owned by Singapore-based CapitaLand and Hong Kong's Sun Hung Kai Properties, to study its shop front and other features of the luxury shopping mall.

Before building Vinpearl Resort Nha Trang, his first hospitality project, nestled on a private beach by the South China Sea, Vuong visited the hotels in Phuket with a screwdriver he packed in his suitcase. He used the tool to dismantle hotel room fittings -- before fixing them back -- to understand how they were put together.

Vingroup has interests spanning from real estate to retail, carmaking and smartphone production. Its automaker unit, VinFast, is the country's first auto brand. The conglomerate also rolled out Vietnam's first domestically made smartphone, Vsmart, in 2018.

Milestones
  • 1968 Born in Hanoi, Vietnam.
  • 1993 Sets up Ukrainian instant-noodle factory after studying in Moscow.
  • 2001 Returns to Vietnam and creates resort developer Vinpearl.
  • 2002 Starts commercial and residential property developer Vincom.
  • 2003 Opens Vinpearl Resort Nha Trang, his first hospitality development.
  • 2010 Sells Ukrainian dehydrated-food maker Technocom to Nestle.
  • 2011 Merges Vinpearl and Vincom to create Vingroup.
  • 2017 Starts VinFast, the first domestic auto brand in Vietnam.
  • 2018 Launches first made-in-Vietnam mobile phones.