VietNamNet Bridge – The total assets of the 30 richest families on the stock market are worth 2.3 billion dollars; half of which belong to the owners of Vincom group.

Statistics show that the total value of the shares being held by the 30 families reaches 48,628 billion dong, or 2.33 billion dollars, a sharp fall from 78,800 billion dong of 2010.

The family of businessman Dang Thanh Tam witnessed their total stock assets decreasing most sharply in the top 30. After the last trading session of 2011, the total value of KBC, SGT, ITA and NVB shares of the Dang family was reportedly at 2670 billion dong, down by 70 percent from 2010.

The family of the richest stock millionaire in 2008 and 2009 Doan Nguyen Duc saw the decrease of 64 percent. The value of HAG shares being held by Duc’s family had reached 4440 billion dong (Duc alone holds the shares worth 4350 billion dong).

Duc’s and Tam’s families still rank the second and third in the top 30 families this year.

Meanwhile, the owner of Vingroup Pham Nhat Vuong and two other members of the family have successfully increased their assets by another 1430 billion dong to 21,574 billion dong within 12 months. The sharpest growth on the stock market has helped Pham family hold the position as the richest family on the stock market for the fourth consecutive year.

The family of President of Masan Group Nguyen Dang Quang also witnessed a sharp increase in their assets in 2011, which helped them jump from the 12th in the 2010’s list with 340 billion dong to the 4th position with 1971 billion dong.

Quang’s family has been followed by the families of Deputy President of Asia Commercial Bank Nguyen Duc Kien and real estate developer Nguyen Van Dat, with the stock assets just lower by tens of billions of dong.

The names which regularly appear in the top 30 in recent years, such as the family of Hoa Phat Group’s President--Tran Dinh Long, member of the founding council of ACB Tran Mong Hung, or President of Sacombank Dang Van Thanh, now hold the positions from the 7th to the 9th, with the assets exceeding 1200 billion dong.

With the total assets worth 950 billion dong, the richest family in 2006 – Truong Gia Binh – now holds the 10th position in top 30, which represents a considerable improvement from the last year’s position – the 15th.

As such, the total assets of 10 richest families are worth 40,210 billion dong, accounting for 83 percent of the total assets of top 30. Despite the gloomy stock market, the families that hold real estate stocks still have been listed as the richest families with 4 representatives in top 10, while there are 3 representatives from the banking sector.

However, except very few cases which saw the assets increasing in 2011 like Pham Nhat Vuong or Nguyen Dang Quang, most of the families had the assets decreasing in 2011, mostly because of the stock price decreases. The 30th richest family in 2011 has the total assets of 181 billion dong, while the 30th richest family in 2010 had 393 billion dong.

This is for the sixth consecutive year VnExpress newspaper releases the lists of top 100 stock millionaires and the top 30 families on the stock market. The database has been analyzed by the newspaper with the support of VN Direct Securities Company. The figures have been collected from the official figures declared by 723 companies listing their shares on the Hanoi and HCM City bourses.

Source: VnExpress