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Wife of Southeast Asia’s richest man returns to second place in Vietnam’s billionaire ranking

Pham Thu Huong, wife of Southeast Asia’s richest man Pham Nhat Vuong, has returned to the second place in net worth among Vietnam’s top billionaires.

Wife of Southeast Asia’s richest man returns to second place in Vietnam’s billionaire ranking

Huong, the deputy chairwoman of Vingroup, Vietnam's biggest listed company, experienced a wealth increase of 1.4% to $4.2 billion on Monday, according to Forbes' real-time data. She now holds the 1,004th spot globally in the billionaire ranking. Vingroup shares reached their highest point in over a month, having surged nearly 15% over the past five days.

Vuong, the chairman of Vingroup, continued to be the wealthiest person in Vietnam, boasting a wealth of $37.3 billion. This same day, he also emerged as the third-biggest wealth gainer worldwide, adding $468 million to his net worth. In third place among Vietnam's billionaires, Nguyen Thi Phuong Thao, chairwoman of low-cost airline Vietjet, had a fortune of $4.1 billion, ranking 1,026th.

Pham Thuy Hang, Huong's sister and another Vingroup deputy chairwoman, occupied the fourth spot, with her wealth increasing by 1.4% to $3 billion.

Only four other Vietnamese billionaires witnessed changes in their fortunes, while the rest remained relatively stable. Huong's father, Tran Dinh Long, chairman of Hoa Phat Group, ranked fifth with $2.4 billion. Techcombank chairman Ho Hung Anh and VPBank chairman Ngo Chi Dung both maintained their wealth at the same level. Lastly, Nguyen Dang Quang, the chairman of retailer and consumer goods producer Masan Group, rounded out the list in seventh place with a wealth of $1.1 billion.

Collectively, the eight Vietnamese billionaires had a total wealth of $55.8 billion, with Vuong's family controlling 80% of this fortune.

Written by urgent.news from VnExpress Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.

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