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Female Billionaire Nguyen Thi Phuong Thao Makes the World’s 100 Most Powerful Women list

December 11, 2018 Destination ASEAN No Comments Email Email

Vietjet President and CEO, Nguyen Thi Phuong Thao was recently listed as one of the World’s 100 most powerful women by Forbes.Madam Thao, the only Vietnamese to make the magazine’s list this year, was named the 44th most powerful woman in the world, up 11 places from last year.

According to Forbes, the estimated net worth of the self-made billionaire is around USD 2.6 billion, an increase from last year’s figures of USD 1.98 billion.

A woman of many hats, Madam Thao holds key positions in various businesses such as the Chairperson of Sovico Holdings, President and CEO of Vietjet, as well as Standing Vice Chairperson of HDBank. She holds a Doctor of Philosophy degree (“Ph.D.”) in Economic Cybernetics and a bachelor’s degree in Credit-Finance.

In 2017 and 2018, Madam Thao successfully listed Vietjet and HDBank on the Ho Chi Minh City Stock Exchange (HOSE). The market capitalisation of both companies accounts for billions of dollars. She is now the second richest person in Vietnam’s stock market.

Topping Forbes’s list of most powerful women in the world is German Chancellor, Angela Merkel, followed by the British Prime Minister, Theresa May; Managing Director of the International Monetary Fund, Christine Lagarde, and CEO of General Motors, Mary Barra. The first female president in 226 years of operation of the New York Stock Exchange since its establishment in 1792, Stacey Cunningham is also on the list at 27th.

This marks the 15th annual list of Top 100 most powerful women in the world by Forbes. The list comprises women involved in various fields of industry including business, finance, media, politics, social / philanthropy/ NGO and technology.

The annual ranking is based on multiple categories such as asset quality, media exposure, industry and international influence. According to Forbes Media Executive Vice President, Moira Forbes, the women on the list have wide and direct influence on more than 3 billion people worldwide with activities in various fields.

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