Vietnam's richest man drops to 35th place on Forbes' billionaire list

Tesla and Twitter CEO Elon Musk ranked first on the list, with his net worth of $225.8 billion, followed by Bernard Arnault and his family ($216.1 billion). Amazon founder Jeff Bezos remained the third-richest man in the world with his net worth of $157.7 billion. A screenshot, taken at 3:00 pm on August 17, 2023, shows the decrease in the net worth of some global richest billionaires, including Vietnamese Vingroup chairman Pham Nhat Vuong. The debut on the U.S. bourse is said to be one of the Vietnamese EV maker’s business strategies to go global. Vingroup was also committed to offering $500 million in non-refundable funding as well as $1 billion worth of loans to VinFast for a five-year term.