Vietnam’s richest woman drops out of world’s top 1,000 billionaires
Pham Thu Huong, Vietnam’s richest woman, has dropped out of the world’s top 1,000 richest people just days after making her debut, following a decline in her company’s share price.
Vietnamese business magnate Huong Ly, the deputy chairwoman of Vingroup, has dropped out of the world's top 1,000 billionaires, according to Forbes' latest data. Her net worth has plummeted by $191 million, or over 4%, bringing her fortune to $4.3 billion. This has pushed her ranking from 963rd to 1,016th in the world. The decline occurred as Vingroup shares fell from their record high on September 4, decreasing nearly 4.8% to approximately VND243,700 (US$9.35) per share.
Huong has moved down to third place among Southeast Asia's richest individuals, trailing behind Indonesia's Marina Budiman and Thailand's Somurai Jaruphnit. Forbes first recognized Huong in its billionaire ranking in February, initially placing her at 1,406th globally. Her wealth stems from her 4.4% ownership in Vingroup. Huong holds a master's degree in international law from Ukraine and chairs the ride-hailing company Green SM.
Her husband, Pham Nhat Vuong, Vingroup's chairman, is Southeast Asia's richest person with a net worth of $37.8 billion. Together, they own a 9.85% stake in LPBank, one of Vietnam's ten largest banks by market capitalization.
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