Vietnamese Billionaire Pham Nhat Vuong Loses $1.9B in Single Day Amid Vingroup Stock Slump
Executive Summary
Key insights and market outlook
Vietnam's richest person, Pham Nhat Vuong, saw his wealth drop by $1.9 billion in a single day due to significant declines in shares of his flagship companies, particularly Vingroup (VIC), Vinhomes (VHM), and Vincom Retail (VRE). The stock prices fell to their daily lower limits, triggering a substantial loss in Vuong's net worth. This dramatic decline moved Vuong from 72nd to 80th place on Forbes' real-time billionaire rankings.
Deep Dive Analysis
Vietnamese Billionaire Pham Nhat Vuong Faces $1.9 Billion Loss
Significant Decline in Vingroup Stocks
Pham Nhat Vuong, Vietnam's wealthiest individual and founder of Vingroup, experienced a substantial $1.9 billion decrease in his net worth in a single trading day on December 25, 2025. The significant loss was primarily attributed to the sharp decline in the stock prices of major companies under Vingroup's control.
Stock Performance of Vingroup Affiliates
Shares of Vingroup (VIC), Vinhomes (VHM), and Vincom Retail (VRE) plummeted, hitting their daily trading lower limits during the session. Additionally, Vinpearl (VPL), Vingroup's hospitality and tourism subsidiary, saw its stock price weaken by 3%. These declines collectively contributed to the erosion of Vuong's wealth.
Impact on Forbes Ranking
The substantial loss pushed Pham Nhat Vuong down from the 72nd position to the 80th on Forbes' real-time billionaires list. This movement underscores the volatility of wealth tied to publicly traded companies and the significant impact of stock market fluctuations on high-net-worth individuals.
Source References
Story Info
Topics Covered
Key Events
Significant Stock Price Decline
Wealth Loss of $1.9 Billion
Ranking Change on Forbes List