Pham Nhat Vuong
Real Estate

Pham Nhat Vuong Net Worth

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Pham Nhat Vuong is the founder and chairman of Vingroup, one of Vietnam's largest conglomerates. With 2016 sales of $2.6 billion, the company is rapidly expanding into retail, logistics, agriculture, education, healthcare, and real estate. It has over 1,000 supermarkets and convenience stores, 31 shopping malls, and 5,000 five star hotel rooms. Its biggest project, the $1.5 billion Vinhomes Central Park, is set to be completed in 2018, and it is also launching a new brand of affordable housing projects. Pham studied in Moscow and Ukraine, and founded a maker of instant noodles before returning to Vietnam in 2001 and moving into real estate. He sold his foods company in 2009 to Nestle, and is currently the richest man in Vietnam, owning nearly 65% of Vingroup directly and indirectly.
Pham Nhat Vuong is a member of Real Estate

Age, Biography and Wiki

Birth Day August 05, 1968
Birth Place Hanoi, Vietnam, Vietnam
Age 54 YEARS OLD
Birth Sign Virgo
Residence Hai Bà Trưng, Hanoi
Citizenship Vietnam
Alma mater Hanoi University of Mining and Geology Moscow Geological Prospecting Institute
Occupation property developer
Organization VinGroup
Home town Hanoi, Hà Tĩnh
Spouse(s) Pham Thu Hương
Children 3

💰 Net worth: $4.3 Billion (2024)

Pham Nhat Vuong's net worth is estimated to reach a staggering $4.3 billion by 2024, solidifying his position as one of the wealthiest individuals in Vietnam. Renowned as a prominent figure in the real estate industry, Vuong has made significant contributions to Vietnam's property market. With his keen business acumen and strategic investments, he has built a vast empire and transformed the landscape of his home country. Vuong's success story not only reflects his entrepreneurial spirit but also serves as an inspiration to aspiring real estate moguls in Vietnam and beyond.

2013 $1.5 Billion
2014 $1.6 Billion
2015 $1.7 Billion
2016 $1.8 Billion
2017 $2.4 Billion
2018 $5.21 Billion

Biography/Timeline

1968

Vượng was born in 1968 in Haiphong; 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.

1993

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.

2003

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.

2017

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.

2018

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 April 10, 2018, Forbes estimated his net worth to be 7.5 billion US dollars.

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Tags Vietnamese businesspeople 1968 births Living people Vietnamese billionaires Vietnamese business executives

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.