Forbes has just officially updated billionaire Pham Nhat Vuong’s assets according to the latest fluctuations when VinFast listed shares on the US Nasdaq stock exchange with the initial market capitalization of 85 billion USD.
Pham Nhat Vuong has 74 billion USD, the 16th richest in the planet
Specifically, Forbes updated Mr. Pham Nhat Vuong’s assets at $84 billion, much higher than $5.9 billion half a day earlier.
However, as of 9:50 pm on August 16 (Vietnam time), Mr. Pham Nhat Vuong’s assets were updated by Forbes to more than $74 billion, which is a decrease of nearly $ 10 billion compared to a few hours earlier because VinFast shares decreased by 20 -30% in the morning session of August 16 on the US stock exchange.
With this level of wealth, Mr. Pham Nhat Vuong ranks 16th in Forbes’ list of the richest people on the planet and 2nd richest in Asia.
As of 9:50 pm on August 16 (Vietnam time), Mr. Pham Nhat Vuong’s assets were updated by Forbes to more than $74 billion.
Billionaire Pham Nhat Vuong has officially surpassed billionaire Jim Walton, the heir to Walmart.
In the first trading session on the US stock market on August 15, VinFast shares closed above the threshold of $ 37. VinFast’s market capitalization reached 85 billion USD, surpassing Ford, General Motors and many famous car manufacturers.
The market capitalization of $ 85 billion established in the first session has made VinFast the largest Vietnamese enterprise by market capitalization to date and the third largest electric vehicle manufacturer in the world, just behind Tesla and Tesla. BYD.
VinFast’s market capitalization of $85 billion is larger than the total value of the eight largest enterprises on the Vietnamese stock exchange combined. It also exceeds the total capital of Vietnam’s banking industry combined.
VinFast CEO Le Thi Thu Thuy said that the US stock market’s valuation of VinFast at $85 billion is beyond imagination, even though she and VinFast leaders believe that the $23 billion valuation is normal and the value of VinFast VinFast will continue to go up.
VinFast’s global CEO said that VinFast has a lot of potential and the world electric vehicle market is very large. Whether it “does” or not depends on VinFast. Ms. Thuy also said that everything is not as rosy as it was on August 15.
According to published data, VinFast forecasts sales will reach 45,000 to 50,000 units in 2023 and said it can produce electric pickup trucks, mini electric cars and other models if the market has demand. . VinFast has just kicked off the project of an electric vehicle factory phase 1 in Chatham County, North Carolina (with an investment of 2 billion USD), marking an important step in its market expansion strategy.
Recently, Mr. Vuong made a financial commitment to VinFast with a source of money that will add about 1 billion USD.
In the first half of 2023, VinFast handed over 11,143 electric cars to customers in Vietnam.
Besides VinFast, Vingroup is still the number 1 enterprise in Vietnam’s real estate segment, with the Vinhomes brand. Vinhomes (VHM) is currently the largest enterprise by market capitalization on the Vietnamese stock market.
With his current position, Mr. Vuong is far ahead of the world-recognized Vietnamese US$5 billionaires (Nguyen Thi Phuong Thao, Tran Dinh Long, Tran Ba Duong; Mr. Ho Hung Anh and Nguyen Dang Quang.
As of August 11, billionaire Nguyen Thi Phuong Thao currently owns a fortune of $2.2 billion. Thaco Chairman Tran Ba Duong and his family own a fortune of 1.5 billion USD. Mr. Tran Dinh Long has a net worth of 2.3 billion USD. Mr. Ho Hung Anh has $ 1.6 billion and Mr. Nguyen Dang Quang $ 1.3 billion.
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