While the assets of other billionaires are quite stable, almost unchanged, the assets and position of the Vietnamese billionaire are constantly fluctuating.

According to Forbes, the fortune of billionaire Pham Nhat Vuong - who is in the top 50 richest people in the world - decreased quite sharply, down another 300 million USD compared to the morning.

With this amount of assets, billionaire Pham Nhat Vuong ranks 35th on the list of the richest people in the world by Forbes.

On August 17, Mr. Vuong was ranked 33rd (at that time his assets were 37.5 billion USD).

With the current position, billionaire Pham Nhat Vuong is still ranked above MacKenzie Scott, who once surpassed German Chancellor Angela Merkel to rank the most powerful woman in the world, voted by Forbes.

Photo: Forbes

However, since then Vuong has fallen three places compared to billionaire Li Ka-Shing (Ly Gia Thanh), a famous businessman from Hong Kong (whose fortune as of August 17 is at 37.5 billion USD).

Vuong is still the richest man in Southeast Asia. According to Forbes, Southeast Asia has 11 people with a fortune of 10 billion USD or more. The richest man in Thailand and Singapore both have $14 billion, while the richest man in Malaysia has $11 billion.

In Asia, Vuong ranks fifth, behind two Indian billionaires, Mukesh Ambani ($92 billion), and Gautam Adani ($53 billion), and China's two richest people, Zhong Shanshan, the founder and chairperson of the Nongfu Spring beverage company and Zhang Yiming – founder of Tiktok platform.

Pham Nhat Vuong once ranked 16th in the world

On the evening of August 16 (Vietnam time), Forbes suddenly recorded the fortune of billionaire Pham Nhat Vuong at $84 billion, much higher than $5.9 billion half a day earlier. Vuong's assets then fell to $74 billion following the decline of VinFast shares on the US stock market.

With this level of wealth, Pham Nhat Vuong ranks 16th in Forbes' list of the richest people on the planet and 2nd richest in Asia. He has officially surpassed billionaire Jim Walton, the heir to Walmart.

Forbes gave this surprising rating right after VinFast shares closed above the $37 threshold in the first session of trading on the US stock market on August 15. VinFast's market capitalization reached $85 billion, surpassing Ford, General Motors, and many famous car manufacturers, becoming the world's third largest electric vehicle manufacturer, behind only Tesla and BYD.

Photo: Bao Thanh Nien

This number is quite similar to the previous assessment of Bloomberg. On August 16, Bloomberg said that Pham Nhat Vuong has added $39 billion to $ 44.3 billion and entered the top 30 richest people in the world.

The level of more than $ 44 billion in assets of Vuong is considered a fairly uniform assessment between these two organizations.

Vuong's assets are moving in a downtrend after VinFast shares fell 25% in the second session on Nasdaq and are on a downward trend before the third session on this floor.

VinFast shares surged and then fell sharply in the past few dozen hours and may continue in the near future. The number of shares available for trading compared to the total number of outstanding shares is too different, while the demand is large, driving up the price.

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