Mr. Nguyen Dang Quang’s assets fell below 1 billion USD

According to real-time billionaire rankings of Fobres, Chairman of Masan Group ranked 3,361 in the world. However, his assets fell below the billion USD mark today.

Mr. Dang Quang’s assets decreased due to the less positive performance of MSN shares. Closing the trading session on July 10, MSN’s market price was at 68,800 VND per unit, down 11% compared to the beginning of the year. Masan Group’s shares have fluctuated around the 65,000-85,000 VND range for about a year now.

Mr. Nguyen Dang Quang was born in 1963 in Quang Tri and is a PhD in nuclear physics. He founded Masan Group in 1996 and brought this brand to Vietnam in 2002. This group is currently one of the largest enterprises in the food and beverage segment, owning many brands such as Chinsu chili sauce, Nam Ngu fish sauce…

In addition to being the founder and Chairman of Masan Group, Mr. Quang is a member of the Board of Directors of Techcombank. According to Masan Group’s 2025 management report, he only directly holds 18 MSN shares, but indirectly owns hundreds of millions of shares of these two businesses through separate companies.

Mr. Nguyen Dang Quang was first recognized by Forbes as a billionaire in 2019, with a fortune of 1.3 billion USD.

Forbes Statistics on an individual’s assets based on the number and price of shares held by this person at a certain time. In addition, they also evaluate many other assets such as ownership in private companies, real estate, works of art, yachts…

In addition to Chairman Masan, the assets of three other Vietnamese billionaires also decreased due to the less positive performance of the stocks they own. Of which, Vietjet Chairman Nguyen Thi Phuong Thao lost 600 million USD, while Hoa Phat Chairman Tran Dinh Long and Mr. Ho Hung Anh – Chairman of Techcombank both lost 100 million USD in assets compared to the end of last year.

On the contrary, the assets of Mr. Pham Nhat Vuong’s family members continued to increase after 7 months, thanks to the continuous increase in VIC shares. Mr. Pham Nhat Vuong – Chairman of Vingroup, Ms. Pham Thu Huong, Ms. Pham Thuy Hang have an additional 6 billion USD, 1.6 billion USD and 1.2 billion USD respectively.