His assets have duly decreased amid the MSN share price falling to VND66,000.

Quang was first included in the Forbes’ list of billionaires back in 2018 with a net worth of US$1.3 billion. Following this, his net worth went on to reach a peak of US$1.9 billion in April, 2022.

According to details provided by Forbes, the net worths of other Vietnamese billionaires also recorded several changes.

The nation now has five billionaires, including Pham Nhat Vuong, chairman of conglomerate Vingroup, with a net worth of US$4.5 billion to rank 651st in the list.

This is followed by Nguyen Thi Phuong Thao, CEO of Vietjet Air, with US$2.3 billion; Tran Dinh Long, chairman of Hoa Phat Group, with US$2.2 billion; Tran Ba Duong, chairman of Thaco, with US$1.4 billion; and Tran Hung Anh, chairman Techcombank, with US$1.4 billion.

Source: VOV