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flag Vietnamese billionaire Pham Nhat Vuong gained $1.2 billion in net worth on Dec. 2, 2025, fueled by Vingroup’s stock rise and record market cap.

flag Vietnamese billionaire Pham Nhat Vuong, chairman of Vingroup, saw his net worth surge by $1.2 billion to $24.7 billion on December 2, 2025, making him the second-richest person in Southeast Asia and ranking 92nd globally. flag His wealth jump followed a 1.89% rise in Vingroup’s stock, pushing the company’s market cap past $38.5 billion—the first Vietnamese firm to exceed $1 trillion in local currency. flag The gains were driven by strong performance across Vingroup’s diversified ventures in electric vehicles, aerospace, renewable energy, healthcare, and infrastructure, including new subsidiaries like VinSpace and VinNew Horizon. flag The broader Ho Chi Minh Stock Exchange also saw record trading volume and foreign investment, reflecting strong economic momentum. flag Vuong now trails only Indonesia’s Prajogo Pangestu in regional wealth rankings.

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