Vuong, whose net worth is around $4.1 billion, is the chairman of Vingroup, a conglomerate whose operations include real estate, leisure parks and a university. As of the end of last year, Vingroup, its affiliates and external lenders had pumped about $8.2 billion into VinFast, according to VinFast’s pre-IPO filing.
Vuong directly owns 18.12 percent of Vingroup, according to data compiled by Bloomberg. Vietnam Investment Group, or VIG, in which Vuong has about a 92 percent stake, holds 33 percent of Vingroup.
Vuong doesn’t directly hold any stake in VinFast, but as of Sept. 30, Vingroup owned 51.5 percent of VinFast, VIG held 33.5 percent of the company and Asian Star Trading & Investment Ltd. had a 15 percent stake, according to the filing. Each of these shareholders is majority owned by Vuong.
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