Stocks Reach Highest in 18 Months, Billionaire Pham Nhat Vuong Surpasses President Donald Trump by 244 Places on the World’s Richest List

As of March 13, billionaire Pham Nhat Vuong, Chairman of Vingroup, has total assets of $7 billion, an increase of $300 million in just one day, ranking him 468th in the world. Since the beginning of the year, his wealth has increased by $2.2 billion, thanks to the positive development of VIC shares, priced at 51,400 VND, rising by 27% this year. Vuong holds 18% of Vingroup’s capital and has a significant amount of VinFast shares. In contrast, President Donald Trump currently ranks 712th with $4.8 billion, down due to declines in his company’s shares. Forbes notes that Vietnam now has 5 billionaires, with Vuong leading at $7 billion.

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