The 2022 Forbes list of the planet’s richest people features the highest ever number of Vietnamese billionaires at seven – a woman and six men worth $21.2 billion collectively.
Apart from Bui Thanh Nhon, 64, chairman of the Nova Group, who breaks into the list for the first time, each of the other six has been on the Forbes annual ranking at least once. Real estate giant Nova Land Investment is the flagship company of the Nova Group.
Pham Nhat Vuong, 53, owner of Vietnam's biggest private conglomerate Vingroup and the country's first billionaire, is on the list for the tenth consecutive year.
He also remains Vietnam’s richest man with a net worth of $6.2 billion, down from $7.3 billion last year. Ranked 411th in the world, he is the only Vietnamese billionaire on the list that has seen total asset value drop from last year.
Vuong first made the list in 2013, when he was ranked 974th with a net worth of $1.5 billion.
He is followed by 61-year-old Tran Dinh Long, founder and chairman of steelmaker Hoa Phat Corp, with a net worth of $3.2 billion, up $1 billion from last year. Long stands 951st in this year's list, which marks the second time he has made it to the ranking.
Nguyen Thi Phuong Thao, 51, has made the list for the sixth time with a net worth of $3.1 billion, ranking 984th. She is currently CEO of VietJet Air and president of Sovico Group, a leading investment group in Vietnam.
Nhon of Nova Group is in 1,053th place with a net worth of $2.9 billion.
Techcombank chairman Ho Hung Anh, 51, is on the list for the fourth time. His net worth stays at $2.3 billion, up from $1.6 billion last year.
Masan chairman Nguyen Dang Quang, 58, shows up on the list for the third time this year with a net worth of $1.9 billion while Tran Ba Duong, 62 chairmen and founder of the Truong Hai Auto Company (Thaco), has a net worth of $1.6 billion.
The Forbes listing used stock prices and exchange rates on March 11, 2022 to calculate the net worth of individuals.
This year, for the first time ever, Elon Musk has topped the World’s Billionaires list with a net worth of $219 billion. He is followed by Amazon founder Jeff Bezos with $171 billion and French luxury goods billionaire Bernard Arnault with $158 billion.
The U.S. still leads the world with 735 billionaires worth a collective $4.7 trillion, followed by China (including Macau and Hong Kong) with 607 worth a collective $2.3 trillion.
According to Forbes, war, pandemic and sluggish markets have hit the world’s billionaires this year.
This year’s listing of 2,668 billionaires is 87 fewer than a year ago. Together, they are worth $12.7 trillion, which is $400 billion less than in 2021.
Forbes said the most dramatic drops have occurred in Russia and China, with the number of billionaires dropping by 34 and 87, respectively.
As an enthusiast with a demonstrable understanding of the topic, let me delve into the intricacies of the 2022 Forbes list of the planet’s richest people, particularly focusing on the unprecedented number of Vietnamese billionaires featured. My expertise is grounded in a comprehensive grasp of global economic trends, wealth distribution, and individual profiles of notable figures.
The article highlights seven Vietnamese billionaires, comprising a woman and six men, who collectively possess a staggering $21.2 billion. Notably, Bui Thanh Nhon, the 64-year-old chairman of the Nova Group, has made his debut on the list. Nova Land Investment, a real estate giant, serves as the flagship company of the Nova Group, emphasizing the diverse sectors contributing to Vietnamese billionaires' wealth.
Pham Nhat Vuong, the owner of Vietnam's largest private conglomerate, Vingroup, has consistently secured a spot on the Forbes list for the past ten years. Despite experiencing a decrease in net worth from $7.3 billion to $6.2 billion, he retains his position as Vietnam's wealthiest individual, ranking 411th globally. This nuanced information provides insight into the dynamic nature of wealth in the region and the challenges faced by even the most established billionaires.
Tran Dinh Long, founder and chairman of steelmaker Hoa Phat Corp, is another prominent figure, witnessing a substantial increase in net worth from $2.2 billion to $3.2 billion. The inclusion of individuals like Long showcases the diverse sectors contributing to Vietnam's economic prosperity, with steel manufacturing playing a pivotal role.
Nguyen Thi Phuong Thao, the CEO of VietJet Air and president of Sovico Group, has made the list for the sixth time, underlining her sustained success and influence in the aviation and investment sectors. The mention of specific ranks and net worth figures adds depth to the narrative, offering a nuanced understanding of each billionaire's standing in the global wealth landscape.
Other notable figures on the list include Techcombank chairman Ho Hung Anh, Masan chairman Nguyen Dang Quang, and Tran Ba Duong, chairman, and founder of the Truong Hai Auto Company (Thaco). Each individual's net worth and ranking provide a comprehensive overview of their financial standing and contribution to Vietnam's economic landscape.
The Forbes methodology, utilizing stock prices and exchange rates on March 11, 2022, to calculate net worth, reinforces the credibility of the rankings. This transparent approach aligns with global standards, ensuring accuracy and comparability across the diverse set of billionaires.
To contextualize the Vietnamese billionaires within the broader global scenario, the article concludes with insights into the overall dynamics of the World’s Billionaires list. Elon Musk's emergence as the wealthiest individual, surpassing Jeff Bezos and Bernard Arnault, underscores the global nature of wealth accumulation.
In summary, the 2022 Forbes list not only sheds light on the remarkable rise of Vietnamese billionaires but also places them in the context of the broader global economic landscape, offering a nuanced and informed perspective on the dynamics of wealth in the contemporary world.
