Mr. Pham Nhat Vuong rose more than 100 places on the rich list.

Vingroup's owner is now the 542nd richest person in the world, up 124 places in just 13 days, according to Forbes.

According to Forbes’ current rankings, Pham Nhat Vuong is the 542nd richest person in the world, with assets worth about 4 billion USD. Accordingly, the Vingroup boss has risen 124 places on Forbes’ rich list since November 8.

Mr. Pham Nhat Vuong is currently the 542nd richest person in the world, with assets of nearly 4 billion USD.

Billionaire Pham Nhat Vuong's assets increased sharply mainly thanks to the shares of Vingroup Corporation (stock code: VIC) which nearly doubled compared to mid-2017. As of the end of June 2017, Mr. Vuong held nearly 724 million shares of Vingroup, equivalent to 27.45%.

Currently, each VIC share is trading at around 77,000 VND after reaching a record peak of 81,600 VND in this morning's trading session (November 21). VIC shares are continuing to increase in price thanks to the news that 1.9 billion VRE shares of Vincom Retail Joint Stock Company were officially listed on the Ho Chi Minh City Stock Exchange earlier this month and Vingroup has just opened the VPF Football Training Center.

Along with Mr. Pham Nhat Vuong, Ms. Nguyen Thi Phuong Thao is the second Vietnamese person to be ranked by Forbes. Accordingly, CEO of Vietjet is currently the 1,179th richest person in the world with total assets of about 2 billion USD.

According to VNE