The upcoming IPO of automaker VinFast could catapult Pham Nhat Vuong as the first Vietnamese to enter the rarefied bracket of the world’s top 50 richest people. -
The initial public offering of conglomerate Vingroup’s unit VinFast in the U.S., expected to occur in this or next quarter as reported by Bloomberg and Reuters, could increase Vingroup chairman Vuong’s net worth by $23 billion.
Vuong has been on Forbes’ billionaire lists for nine consecutive years.
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