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Vingroup Deputy Chair Pham Thu Huong Enters Global Top 1,000 Wealthiest at $4.5B

By Aiko TanakaVietnam
1 min read
Vingroup Deputy Chair Pham Thu Huong Enters Global Top 1,000 Wealthiest at $4.5B
In this article (7)

Vingroup deputy chairwoman Pham Thu Huong entered the world’s 1,000 wealthiest people on Friday as her net worth climbed to US$4.5 billion. Shares in the Vietnamese conglomerate reached a record VND256,000 (US$9.82), adding nearly US$200 million to her personal fortune in a single trading day.

The 57-year-old executive ranked 963rd on the Forbes real-time billionaire index after gaining 4.67 per cent in valuation during the session. She has climbed 443 positions since February, when she first joined the global ranking in 1,406th place. Huong now ranks as the second-richest woman in Southeast Asia, trailing only Indonesian data center operator DCI Indonesia co-founder Marina Budiman, who controls an estimated US$6 billion fortune.

Record Conglomerate Rally

Vingroup shares have advanced 51 per cent since the start of the year, expanding wealth across the group’s founding family. Pham Nhat Vuong, Huong’s husband and the chairman of Vingroup, expanded his net worth by 36 per cent over the same period to US$39.3 billion.

Vuong reached 54th place on the global wealth table on Friday. His personal fortune increased by US$1.6 billion in 24 hours, making him one of the five biggest single-day wealth gainers worldwide.

Southeast Asian Wealth Shifts

Regional market trends tracked across Southeast Asia show Vietnam’s large diversified groups capturing substantial equity gains this year, outpacing broader regional indices. Other Vietnamese business figures on the global list include Vietjet Air chairwoman Nguyen Thi Phuong Thao, who ranked 1,099th with US$3.9 billion, alongside Vingroup leader Pham Thuy Hang.

Trading desks in Hanoi will monitor whether Vingroup can defend its record share price above VND256,000 as third-quarter earnings disclosures approach.

Questions & Answers

Q.

How much has Pham Thu Huong's net worth increased since she first joined the global ranking?

A.

Her net worth has increased by $4.5 billion since February, when she first joined the global ranking. At that time, her position was 1,406th, and she has now climbed 443 positions.

Q.

What is the primary reason for the recent increase in Pham Thu Huong's personal fortune?

A.

Her personal fortune increased due to Vingroup shares reaching a record VND256,000 (US$9.82). This added nearly US$200 million to her wealth in a single trading day.

Q.

Who is the wealthiest woman in Southeast Asia, and what is her estimated fortune?

A.

The wealthiest woman in Southeast Asia is Marina Budiman, co-founder of DCI Indonesia. She controls an estimated US$6 billion fortune, placing her ahead of Pham Thu Huong.

Q.

Which other Vietnamese business figures are mentioned on the global wealth list besides the Vingroup leaders?

A.

Nguyen Thi Phuong Thao, chairwoman of Vietjet Air, is also on the global list. She ranks 1,099th with a net worth of US$3.9 billion.

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