The 3rd USD billionaire in Vietnam: Mr. Nguyen Dang Quang

According to financial news agencyBloomberg, the assets of Mr. Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group Corporation (MSN), doubled in the past 6 months to 1.2 billion USD. This is the basis for Bloomberg to rank him as theNguyen Dang Quangbecame the 3rd USD billionaire of Vietnam, after Mr. Pham Nhat Vuong, Chairman of Vingroup and Ms. Nguyen Thi Phuong Thao, VietJet.

According to data on the stock exchange, although he is the chairman, Mr. Nguyen Dang Quang only holds 10 shares of this group. However, through Masan Corporation (Masan Corp) - the enterprise that directly and indirectly holds 50% of Masan Group's shares, Mr. Nguyen Dang Quang is considered the major shareholder of MSN and has the above assets.

Masan Group is one of the leading multi-industry private corporations on the stock exchange.stockViet. Masan's capitalization is currently nearly 100 trillion VND. This group operates in the fields of Animal feed (Proconco, Anco), consumer goods (Omachi, Chinsu, Vinacafe,...), minerals (Nui Phao mine), banking (Techcombank),...

Mr. Quang started his business in the 90s after a long time studying and working in Russia in the field of instant noodle production. Later, the business expanded to include soybean, fish and chili sauce production. In 2001, Mr. Nguyen Dang Quang moved the entire factory to Vietnam.

Thus, up to now, Vietnam has 3 billionaires recognized by Forbes and Bloomberg. Mr. Pham Nhat Vuong has assets of 4.7 billion USD (according to Forbes) and about 4.9 billion USD according to stock calculation on the stock exchange. Ms. Nguyen Thi Phuong Thao has assets of 2.7 billion USD according to Forbes ranking (ranked 929th in the world).

Previously, Mr. Bui Thanh Nhon Novaland was also calculated as a billionaire on the Vietnamese stock market but has not been ranked by foreign organizations.

Ranked by family, Mr. Vuong's family holds more than 6 billion USD, Mr. Quyet's family holds about 2.5 billion USD, then comes Mrs. Thao's family, Mr. Nhon's family and the family of Mr. Tran Dinh Long, chairman of HPG, with more than 1 billion USD.