The benchmark VN-Index lost 62 points, or 3.6%, to close the day at a four-month low.
Shares of Vingroup, the conglomerate belonging to Vietnam’s richest man Pham Nhat Vuong, fell by the maximum allowed 7% to VND202,000 (US$7.68).
As a result, Vuong’s net worth declined by $2.4 billion to $31.6 billion. Two members of his family, Pham Thu Huong and Pham Thuy Hang, saw their wealth eroded by $304 million and $213 million.
Vietjet chairwoman Nguyen Thi Phuong Thao lost $163 million after the budget carrier’s shares closed 3.7% lower.
Techcombank chairman Ho Hung Anh took a $50-million hit following a 2.7% drop in the lender’s stock price.
The net worths of VPBank chairman Ngo Chi Dung and steelmaker Hoa Phat Group’s chairman Tran Dinh Long saw smaller changes.
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Vietnam’s 7 billionaires. From top to bottom, left to right: Hoa Phat Group chairman Tran Dinh Long, VietJet Air chairwoman Nguyen Thi Phuong Thao, Techcombank chairman Ho Hung Anh, VPBank chairman Ngo Chi Dung, Vingroup vice chairwoman Pham Thu Huong, Vingroup chairman Pham Nhat Vuong, Vingroup vice chairwoman Pham Thuy Hang. Graphics by VnExpress/In Hieu |
Vietnam previously had an eighth billionaire, Masan Group chairman Nguyen Dang Quang, but he exited the list earlier this month as shares of his conglomerate declined.
Forbes calculates individual wealth based on the number and market value of shares held at a given point in time. It also considers other assets, including holdings in private companies, real estate, artwork, and yachts.
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