10. Nguyễn Thị Phương Thảo
Net Worth: $3.1 billion, Age: 53, Company: VietJet Air
Source of Wealth: Aviation, Real Estate, Residence: Ho Chi Minh City
Nguyen Thi Phuong Thao is a self-made billionaire, financial whiz, and the cofounder of VietJet Air, Vietnam’s first privately owned airline. Though men dominate the aviation industry, her dream of making flying affordable has turned VietJet into an international brand.
9. Nguyễn Đăng Quang
Net Worth: $ 3.2 billion, Age: 59, Residence: Hanoi
Source of Wealth: Consumer Goods, Retail, Company: Masan Group
Nguyễn Đăng Quang founded Masan Group, transforming Vietnam’s consumer goods sector. Coming from a middle-class family, he studied abroad and returned to apply his knowledge to Vietnam’s growing market. His success in introducing instant noodles and sauces to Vietnamese homes showcases his market insight and innovation.
8. Hồ Hùng Anh
- Net Worth: $3.4 billion, Age: 53
- Source of Wealth: Banking, Consumer Goods, Company: Techcombank
- Residence: Hanoi
Hồ Hùng Anh started off trading in commodities and gradually moved into finance. During his leadership, Techcombank emerged as one of the most successful private banks in Vietnam. His story is an example for many on how correct decisions and determination can help people to survive in various fields of competition.
7. Bùi Thành Nhơn
- Net Worth: $4.1 billion
- Age: 64
- Source of Wealth: Real Estate
- Residence: Ho Chi Minh City
- Company: Novaland Group
Bùi Thành Nhơn started as a small-scale property developer and survived the seesaws of Vietnam’s unpredictable real estate market. His company, Novaland, today features among the leading names in high-end housing. The case of Bùi Thành Nhơn tells all about how vital it is to adapt with the changing trends in the market and to always keep a long-term vision in sight.
6. Trần Đình Long
- Net Worth: $4.4 billion
- Age: 61
- Source of Wealth: Steel
- Residence: Hanoi
- Company: Hoa Phat Group
Dubbed the “Steel King,” Trần Đình Long founded Hoa Phat Group from scratch. He got little support in the way of loans or investors in his early days but eventually built Vietnam’s largest steel company. His success epitomizes the spirit of hard work and the ability to take risks.
5. Phạm Nhật Vũ
- Net Worth: 4.8 billion
- Age: 49
- Source of Wealth: Telecommunications
- Residence: Hanoi
- Company: Viettel
Phạm Nhật Vũ initiated his career in the telecommunication sector, capitalizing on the digital revolution. Innovation from his leadership in the firm Viettel, one of Vietnam’s biggest mobile network operators, had risen in such an increasingly changing industry.
4. Trịnh Văn Quyết
- Net Worth: $5.2 billion
- Age: 48
- Source of Wealth: Real Estate, Aviation
- Residence: Hanoi
- Company: Bamboo Airways, FLC Group
Trịnh Văn Quyết features big projects such as Bamboo Airways and high class real estate. Subsequently, he received big profits from those risky investments despite financial constraints at the beginning of his career. His life has taught the lesson of taking risks in order to be successful.
3. Đoàn Nguyên Đức (Bầu Đức)
- Net Worth: $5.8 billion
- Age: 60
- Source of Wealth: Agriculture, Real Estate
- Location: Pleiku
- Company: Hoang Anh Gia Lai Group
From a small-time furniture maker to an agricultural tycoon with interests in real estate and football, the business career of Đoàn Nguyên Đức is inspiring. Especially, considering his determination to go global at whatever costs .
2. Hồ Xuân Năng
- Net Worth: US$ 6.3 billion
- Age: 57
- Source of Wealth: Industrial Materials
- Residence: Hanoi
- Company: Vicostone
Hồ Xuân Năng started off in the industrial materials industry and turned Vicostone into an international brand. The strategic expansion of his business into the international market reflects the entrepreneurial spirit within him.
1. Phạm Nhật Vượng
- Net Worth: $7.5 billion
- Age: 55
- Source of Wealth: Real Estate, Retail
- Domicile: Hanoi
- Company: Vingroup
Phạm Nhật Vượng, who began with a noodle company in Ukraine and came back to Vietnam to establish Vingroup, is now Vietnam’s richest individual. His reign has stretched into real estate, healthcare, and education. From being at the mercy of limited resources on foreign soil to rising as a business magnate, his life epitomizes grit and vision.
Key Takeaways from Vietnam’s Richest Entrepreneurs
- Start Small, Think Big: Most billionaires started their ventures quite small.
- Resilience Pays Off: Overcoming challenges played an important role in their journey.
- Diversification is Key: Expanding into other industries provided them with sustaining growth.
- Vision and Leadership: Their ability to anticipate market trends pushed them forward.
These billionaires prove that determination, innovation, and strategic thinking can result in unimaginable success. Their journeys lead millions to dream big and work hard. What’s your next big idea?