Vietnam's third USD billionaire: Nguyen Dang Quang is named.
Mr. Nguyen Dang Quang has been identified by international financial and economic news agencies as the third USD billionaire in Vietnam, after Mr. Pham Nhat Vuong of Vingroup and Ms. Nguyen Thi Phuong Thao of VietJet.
According to the financial news agency.BloombergThe net worth of Mr. Nguyen Dang Quang, Chairman of the Board of Directors of Masan Group Corporation (MSN), has doubled in the past six months to $1.2 billion. This is the basis for Bloomberg's ranking of him.Nguyen Dang QuangHe became Vietnam's third USD billionaire, after Pham Nhat Vuong, chairman of Vingroup, and Nguyen Thi Phuong Thao of VietJet.
According to stock exchange data, although he is the chairman, Mr. Nguyen Dang Quang only holds 10 shares of the group. However, through Masan Corporation (Masan Corp) - a company that directly and indirectly holds 50% of Masan Group's shares - Mr. Nguyen Dang Quang is considered the main shareholder of MSN and possesses the aforementioned assets.
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Masan Group is one of the leading diversified private corporations listed on the stock exchange.stockMasan Group's market capitalization currently stands at nearly 100 trillion VND. The group operates in various sectors including animal feed (Proconco, Anco), consumer goods (Omachi, Chinsu, Vinacafe, etc.), minerals (Nui Phao mine), and banking (Techcombank).
Mr. Quang started his business in the 1990s after a long period of studying and working in Russia, initially in the instant noodle production sector. Later, his business expanded to include soybean, fish, and chili sauce production. In 2001, Mr. Nguyen Dang Quang moved his entire factory back to Vietnam.
Thus, to date, Vietnam has three billionaires recognized by Forbes and Bloomberg. Mr. Pham Nhat Vuong has a net worth of $4.7 billion (according to Forbes) and approximately $4.9 billion based on his stock holdings. Ms. Nguyen Thi Phuong Thao has a net worth of $2.7 billion according to Forbes' ranking (ranked 929th in the world).
Previously, Mr. Bui Thanh Nhon of Novaland was also considered a billionaire on the Vietnamese stock market, but he had not yet been ranked by foreign organizations.
Ranked by family, Mr. Vuong's family holds over $6 billion, Mr. Quyet's family holds approximately $2.5 billion, followed by Ms. Thao's family, Mr. Nhon's family, and the family of Mr. Tran Dinh Long, chairman of HPG, with over $1 billion each.
