Southeast Asia’s richest man Pham Nhat Vuong joins Warren Buffett among world’s biggest wealth gainers

Southeast Asia's wealthiest individual, Pham Nhat Vuong, has become one of the world's biggest wealth gainers, according to recent financial reports. The Vietnamese magnate's net worth surged by $2.3 billion, marking a 7% increase that brought his fortune to $34.7 billion. This substantial rise in assets has positioned Vuong 67th globally in terms of wealth, reflecting a 7% gain.

Vuong's company, Vingroup, saw its shares surge by 7%, reaching the highest level in eight days. This gain was closely followed by Warren Buffett, the esteemed chairman emeritus of Berkshire Hathaway. Buffett added $2 billion to his wealth during the same period, which led to a 1.4% increase in Berkshire's shares. Despite the impressive growth, Buffett's net worth remains significantly lower than Vuong's, with Buffett's wealth standing at over $153 billion, placing him at the 10th position globally.

The standout wealth gain in the world Wednesday was achieved by Spanish fashion tycoon Amancio Ortega, who increased his net worth by $1.2 billion. Ortega currently ranks 11th globally in wealth, with a net worth of $145 billion. Other notable wealth gainers include software giant Oracle chairman Larry Ellison and computer maker Dell chairman Michael Dell.

Ellison's fortune expanded by $2 billion to $171 billion, placing him at the 8th position globally, while Dell experienced a $1.8 billion increase, bringing his net worth to $241 billion, which ranks him 5th in the world.