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Four Vietnamese make Forbes’ billionaires list in 2020

Four Vietnamese make Forbes’ billionaires list in 2020

Wednesday, April 08, 2020, 17:25 GMT+7
Four Vietnamese make Forbes’ billionaires list in 2020
From left: Pham Nhat Vuong, Nguyen Thi Phuong Thao, Tran Ba Duong, and Ho Hung Anh

Four Vietnamese nationals have been named in Forbes’ list of the world’s richest in 2020.

The 2020 Forbes World’s Billionaires features 2,095 billionaires, a drop by 58 compared to last year’s list.

The total combined net worth of this year’s billionaires is US$8 trillion, down from $8.7 trillion in 2019.

Vietnam has four representatives in this year’s list, down by one compared to last year’s edition. Their total assets are at $10.2 billion.

The wealthiest Vietnamese billionaire, according to the 2020 Forbes World’s Billionaires, is Pham Nhat Vuong, chairman of multifaceted conglomerate Vingroup.

With a net worth of $5.6 billion, he secured the 286th position in the list.

Nguyen Thi Phuong Thao, CEO of budget airline Vietjet Air, is at the 1001st spot with $2.1 billion.

Tran Ba Duong, chairman of automaker THACO, ranks 1415th with a net worth of $1.5 billion.

Ho Hung Anh, chairman of local lender Techcombank, is at No. 1990 with $1 billion.

Nguyen Dang Quang, chairman of Masan Group who entered the Forbes’ billionaire list for the first time in 2019, failed to make the cut this year.

Jeff Bezos is the world’s wealthiest person for the third year in a row, despite giving $36 billion worth of his Amazon stocks to his ex-wife MacKenzie Bezos as part of their divorce settlement last summer.

He is worth $113 billion on this year’s list, buoyed by a 15 percent rise in Amazon’s shares since last year’s list was announced.

The World's Billionaires is an annual ranking by documented net worth of the wealthiest billionaires in the world, compiled and published annually in March by the American business magazine Forbes.

The list was first published in March 1987.

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