Masan Group Chairman Nguyen Dang Quang falls off Forbes billionaire list

Nguyen Dang Quang, Chairman of Masan Group, has fallen off the Forbes list of USD billionaires as his estimated wealth dropped to $981 million. His net worth is heavily tied to Masan Group (MSN) stock, which has faced downward pressure alongside broader market trends. On September 11, MSN shares fell 3.2% to 66,500 VND per share, marking a significant decline from the 77,000 VND range seen earlier this year.

Despite the decline in personal wealth, Masan Group reported record-breaking financial results for the first half of the year. The company recorded a post-tax profit of 5,773 billion VND, a 2.2-fold increase compared to the same period last year. In the second quarter alone, revenue rose 53.5% year-on-year to 28,118 billion VND. Based on this growth, Masan has proposed increasing its 2026 revenue targets to between 98,000 and 105,000 billion VND.