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The first Vietnamese billionaire, Pham Nhat Vuong is a property developer with an estimated net worth of $7.8 billion. He debuted on the Forbes List as the 974th richest person in the World Billionaires' list. He is also considered as one of the most influential people in Vietnam.
Mr. Vuong earned his net worth as the founder and chairman of the board of directors of Vingroup, a conglomerate with interests in real estate, hotels, and healthcare. A graduate of the University of Moscow in Russia, he moved to the Ukraine where he started Technocom, a maker of instant noodles. He moved back to Vietnam in 2001 to focus on real estate and eventually sold his food company to Nestle in 2009. Among his projects included the upscale Vincom Center in Saigon, the Vinpearl hotel, Vincom Village, and the Vincom Center Ba Trieu in Hanoi.
Pham Nhat Vuong then merged his Vincom and Vinpearl to create the Vingroup, one of the most valuable companies in the Vietnam stock exchange. In 2007, he has donated $18.5 million to build a vocational secondary school and kindergarten in his homeland.
Earnings & Financial Data
|
Date |
Category |
Description |
Amount |
|---|---|---|---|
|
2019 |
Asset |
Estimated value of Pham Nhat Vuong's assets after the success of the “Made-in Vietnam” commercial automobile test production cycle of the first Made-in-Vietnam VinFast car – Lux SA2.0 |
$9,900,000,000 |
|
2018 |
Salary |
Annual salary as the President of the Management Board of Vingroup |
$95,490 |
|
2017 |
Salary |
Annual salary as the President of the Management Board of Vingroup |
$60,490 |
|
2015 |
Asset |
Estimated value of Pham Nhat Vuong's assets |
$1,100,000,000 |
|
2012 |
Salary |
Annual salary as the President of the Management Board of Vingroup |
$43,000 |
|
2011 |
Asset |
Estimated value of Vingroup President Pham Nhat Vuong's assets on the Vietnamese stock market |
$808,710,000 |
|
2009 |
Sale of Asset |
Sale of Pham Nhat Vuong's Technocom, a market leader in dehydrated culinary products in Ukraine to Nestle |
$150,000,000 |