Vietnamese tycoon drops off world’s US-dollar billionaire list

Forbes’ latest list of the world’s richest people showed that the number of Vietnamese U.S.-dollar billionaires fell to five from six recorded at the beginning of this year, with consumer goods producer Masan Group chairman Nguyen Dang Quang losing his spot. Quang first appeared on the list of the world’s U.S.-dollar billionaires in 2019 when his net worth reached $1.3 billion. Thao was followed by steel tycoon Long, dubbed Vietnam’s 'king of steel,' whose assets total $2.2 billion, up $400 million since January 1. Forbes added Long to the list of the world’s wealthiest people six years ago. The two remaining Vietnamese U.S.-dollar billionaires are THACO chairman Duong and Techcombank chairman Anh, their wealth estimated at $1.4 billion each.