How rich is Bui Thanh Nhon - Vietnam's 7th USD billionaire to appear on Forbes for the first time?

Forbes magazine has just announced the list of world billionaires in 2022, in which Vietnam has 7 representatives with the latest presence being Nova Group Chairman, Mr. Bui Thanh Nhon.

Recently, Forbes Magazine (USA) has announced the list of world dollar billionaires in 2022. Accordingly, for the first time, Vietnam has 7 representatives in this list, the most ever. According to the announcement of Forbes, Vietnam's 7th USD billionaire is Mr. Bui Thanh Nhon, Chairman of Nova Group.

In his first appearance in the list of USD billionaires in the Forbes ranking, Mr. Bui Thanh Nhon owns a fortune of $ 2.9 billion and ranks 1,053 in the world.

Vietnam has 7 billionaires for the first time on Forbes' list

Despite being added to Forbes' list of USD billionaires for the first time, billionaire Bui Thanh Nhon's assets are valued much higher than some previously recognized Vietnamese dollar billionaires.

Accordingly, Mr. Bui Thanh Nhon is only behind billionaire Pham Nhat Vuong, billionaire Tran Dinh Long and female billionaire Nguyen Thi Phuong Thao in the list of Vietnamese billionaires on Forbes' list.

Meanwhile, the Dong Thap businessman stood above Mr. Ho Hung Anh, Mr. Nguyen Dang Quang, Mr. Tran Ba Duong and his family.

According to Forbes' ranking, Vietnam's 7 billionaires have assets worth $21.2 billion. In which, billionaire Pham Nhat Vuong is still the owner of the largest fortune worth 6.2 billion USD.

Billionaire Bui Thanh Nhon was born in 1958 in Long Khanh A commune, Hong Ngu district, Dong Thap province, originally from a bachelor's degree in agriculture and graduated from Executive MBA, HSB - TUCK, Dartmouth University, USA.

According to the introduction of Forbes, Mr. Bui Thanh Nhon is the Chairman of Nova Group (NovaGroup), whose head is the real estate company No Va Land Investment Group. In addition, the new Vietnamese billionaire also has interests in a group of businesses including consumer goods, entertainment, food and beverages.

Mr. Nhon worked in the public sector before starting his own business in 1992 by setting up a business selling animal feed and veterinary medicine. The Dong Thap businessman fell in love with the real estate industry in 2007 with an apartment project in Ho Chi Minh City.

The word "nova" comes from the Latin - novator, which means "innovator"; along with the green rubik's cube symbol - symbolizing dynamism and creativity. Mr. Nhon always focuses on finding and building a team of human resources with the core values of "Efficiency - Integrity - Professionalism", building a management system according to international standards.

Billionaire Bui Thanh Nhon put No Va Real Estate Investment Group Joint Stock Company on the stock exchange at the end of 2016 with the stock code NVL. As of April 5, 2022, the market capitalization of NVL reached more than 169,000 billion dong.

In 2021, billionaire Bui Thanh Nhon's NovaGroup is restructured for the second time with 8 member corporations including Novaland, Nova Service, Nova Consumer, Nova Tech, Nova Capital Partners, Nova Logistic, Nova Industry, Nova Finance.

List and assets of 7 billionaires in Vietnam recognized by Forbes

In particular, in order to focus on leading NovaGroup in the post-restructuring period, Mr. Bui Thanh Nhon decided to give authority and position as Chairman of the Board of Directors of No Va Real Estate Investment Group Joint Stock Company (Novaland Group). Bui Xuan Huy and the new leadership on January 20, 2022.

According to NVL's corporate governance report for 2021, former Chairman Bui Thanh Nhon is directly holding more than 275 million shares of NVL, equivalent to 14.253%. Calculating at the market price at the end of the trading session on April 5, the asset that the Dong Thap businessman directly owns is worth more than VND 24,000 billion.

Along with that, Mr. Nhon's wife, Ms. Cao Thi Ngoc Suong, also owns more than 1.5 million NVL shares, equivalent to 5.457%. The assets held by Ms. Suong have a market value of more than VND 9,238 billion.

While his son Bui Cao Nhat Quan also directly owns more than 81 million shares of NVL, equivalent to 4,209% and has a market value of more than 7,000 billion VND.

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