Pham Nhat Vuong’s profile picture

Pham Nhat Vuong

Pham Nhat Vuong’s profile picture
Net worth 2018: $5.21 Billion
Industry: Real Estate
Residence: Hanoi, Vietnam
Country: Vietnam
BirthDay: 5 August 1968
Sigh: Virgo
Children: 3
BIOGRAPHY

Pham Nhat Vuong was bornon 5 August 1968 in Hanoi, Vietnam, Vietnam. Pham Nhat Vuong is #497 in List Billionaires People In The World. Pham Nhat Vuong is the founder and chairman of $2.6 billion (2016 sales) Vingroup, one of Vietnam's largest conglomerates. The company, which gets most of its revenues from selling houses and apartments, is expanding rapidly into retail, logistics, agriculture, education and healthcare. Through Vinmart and Vinmart+, it now has more than 1,000 supermarkets and convenience stores. It has also built 31 shopping malls and, through its Vinpearl, now operates more than 5,000 five star hotel rooms across the country. Its biggest project, the $1.5 billion mega-complex Vinhomes Central Park that features an 81-story skyscraper, apartment buildings and a park resembling New York City's Central Park, is on track to be completed in 2018. Next up will be VinCity, a new brand of affordable housing projects. Pham studied in Moscow, then moved to Ukraine where he started Technocom, a maker of instant noodles. He moved back to Vietnam in 2001 and moved into real estate, eventually selling his foods company in 2009 to Nestle. He remains the richest man in Vietnam, with a recent disclosure revealing that he owns nearly 65% of company, directly and indirectly through a holding company, Vietnam Investment Group.

NET WORTH STATISTIC
2013

$1.5 Billion

2014

$1.6 Billion

2015

$1.7 Billion

2016

$1.8 Billion

2017

$2.4 Billion

2018

$5.21 Billion

TIMELINE
Phạm Nhật Vượng (born 1968 in Hanoi) is a Vietnamese property developer and Vietnam's first billionaire.Vượng was born in 1968 in Hanoi; his paternal family has origins in Ha Tinh province in central Vietnam. He grew up in Hanoi and graduated from Kim Lien High School in 1985. In 1987, he entered Hanoi University of Mining and Geology and was sent to Russia to study in the Moscow Geological Prospecting Institute. He graduated from this university in 1992.After graduating, he married Phạm Thu Hương and moved to Kharkiv, Ukraine. In 1993, he developed Technocom, a market leader in dehydrated culinary products in Ukraine, which he sold to Nestle for $150 million in 2009, before returning to Vietnam.Vuong's first projects in Vietnam were Vinpearl Resort Nha Trang (opened in 2003) and Vincom City Towers (later renamed Vincom Ba Trieu) in central Hanoi (opened in 2004). Vincom went public in 2007. It merged with Vinpearl, Vuong's luxury resort business, to form VinGroup in 2007. VinGroup is headquartered in its Riverside township in Long Biên District in Eastern Hanoi.In 2015, Vuong was the richest person in the Vietnam with assets totaling 24.3 trillion Vietnam dong (approximately 1.1 billion USD), which more than quadrupled those of the second richest person, Tran Dinh Long of Hanoi Hoa Phat Corporation. His wife, Pham Thu Huong and sister-in-law Pham Thuy Hang ranked third and fifth respectively. As of June 8, 2016, Forbes estimated his net worth to be 2.1 billion US dollars.As of 2017, Vượng's Vincom has opened 18 shopping centers in Vietnam, 7 in Hanoi, 4 in Hồ Chí Minh City and one each in Việt Trì, Hạ Long, Hải Phòng, Đà Nẵng, Biên Hòa, Cần Thơ and Long Xuyên.
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