Pham Nhat Vuong in top 300 of Forbes rich list

VOV.VN -Pham Nhat Vuong, owner of real estate conglomerate Vingroup and Vietnam's first billionaire, has earned a place on the list of the world's richest people as compiled by Forbes magazine.

The magazine ranks him in 296th place with a net worth of US$6.1 billion.

Vuong is placed behind three foreign billionaires, including Acharya Balkrishna (India), Wei Jianjun (China), and Yao Liangsong (China), who are all of equal wealth to him.

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According to Forbes, Pham Nhat Vuong studied in Russia and started a popular instant noodle business in Ukraine in the 1990s before moving back to his home country.

“He turned some investments into non-profit ventures, including some in healthcare, education and sports. He also built a center of contemporary art,” says the magazine.

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Vuong is the chairman of Vingroup, one of Vietnam's largest conglomerates with interests in real estate, retail, and healthcare, among others.


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