Nguyen Dang Quang
- Net worth $880 million
- Birthday August 23, 1963
- Status -
- Country Vietnam
- Source(-s) of wealth Businessman, Entrepreneur
How much is Nguyen Dang Quang Worth? Nguyen Dang Quang Net Worth in 2026
Nguyen Dang Quang’s net worth is estimated at $880 million as of November 2026. The founder of Masan Group owns exactly 18 Masan shares in his own name, worth about $51. Everything else sits one floor up, in two private holding companies he shares with his co-founder, and that is where most of the confusion about his wealth comes from.
| Net worth | $880 million (our estimate, range $700 million to $1.1 billion) |
|---|---|
| Born | August 23, 1963, Quang Tri Province, Vietnam (age 63) |
| Country | Vietnam |
| Known for | Founder and chairman of Masan Group (WinMart, Masan Consumer, Phuc Long) |
| Main income sources | Indirect stakes in Masan Group through Masan JSC and Hoa Huong Duong Construction |
How much is Nguyen Dang Quang worth in 2026?
About $880 million, by our estimate, and the figure could be wrong in either direction by the size of one unknown: his current share of the two holding companies that own his Masan Group stock. We use the last split we could find on the record, from 2019, and value the stock at the November 10, 2026 close. Dong amounts are converted at 25,568.54 to the dollar, the mid-market rate XE showed that day.
The $880 million, line by line
| Source | Our estimate | What it rests on |
|---|---|---|
| His share of Masan JSC’s Masan Group stock | $615 million | Masan JSC holds about 446.3 million Masan Group shares, per the first-half 2026 governance report. At 72,600 dong (November 10 close) that block is worth 32.40 trillion dong. A 2019 report put his share of Masan JSC at 48.5%: 15.71 trillion dong. That 48.5% is our assumption for today. |
| His share of Hoa Huong Duong’s Masan Group stock | $260 million | Hoa Huong Duong Construction, a second holding company, held 189.1 million Masan Group shares at its last update in April 2024, about 12.4% of the company in January 2026 broker data. At the November 10 close that block is worth 13.73 trillion dong. The same 2019 report put his share of this company at 48.5% too: 6.66 trillion dong. Also our assumption for today. |
| Masan shares in his own name | $51 | 18 shares at 72,600 dong, about 1.3 million dong. |
| His wife’s shares | $0 | Not counted. Nguyen Hoang Yen held 42.5 million Masan shares directly in 2019, the same report said. They are hers. |
| Debt at the holding companies | $0 | None deducted: we found no published figure for borrowing at either holding company, so this line is a known gap. |
| Total | $875 million | Rounded to $880 million. |
Half of two holding companies
Quang holds no meaningful Masan stock directly. A 2026 report in Nguoi Quan Sat, citing the half-year governance filing, counts 18 shares in his name and about 446.3 million held by Masan JSC, which he chairs, or 29.35% of Masan Group. A second company, Hoa Huong Duong Construction, held another 189.1 million Masan shares at its last update in April 2024, Vietstock data show, still about 12.4% in January 2026 broker figures.
Who owns Masan JSC is less public. In September 2015, Quang and his wife held 49% of it and co-founder Ho Hung Anh held 47.6%, his biography records. A 2019 article in VietnamFinance put Quang personally at 48.5% of Masan JSC and 48.5% of Hoa Huong Duong. We use those figures.
Our calculation shows why this matters. The Masan JSC block alone is worth about $1.27 billion. Quang’s 48.5% of it is $615 million. Ho Hung Anh’s 2015 stake of 47.6% would be $603 million, almost the same money, though whether he still holds it is not public. Credit both blocks, worth about $1.8 billion together, to one family and you double the answer.
Chili sauce for Russia
Quang earned an MBA at the Plekhanov Russian University of Economics in Moscow and a doctorate from the National Academy of Sciences of Belarus. The 2019 article describes it as a doctorate in nuclear physics. He made his first money in Eastern Europe, invested in Techcombank in 1993, and in 1996 founded Viet Tien, which made chili sauce and instant noodles for export to Russia. That company was the forerunner of Masan Consumer.
In the same 2019 article he was quoted saying he would go back to science at 60. He turned 60 in August 2023 and is still chairman.
WinCommerce comes good
The bet that defines Masan’s recent years is the WinMart chain. At the April 24, 2026 shareholder meeting, Quang said Masan bought WinCommerce seven years earlier when it was losing 3 trillion dong, and promised to return that amount to shareholders this year, The Investor reported. The chain had more than 4,000 locations at the time. Chief executive Danny Le told the same meeting the stock was undervalued by up to 60%; it closed that day at 77,200 dong.
The numbers since then have helped. In the third quarter of 2026 WinCommerce sales rose 21.2% to 12.78 trillion dong and profit before minority interests jumped 86% to 325 billion dong, Viet Nam News reported on October 22. It opened 345 stores in the quarter, for 5,486 points of sale.
The share price has not followed. Masan closed at 72,600 dong on November 10, below the April level, and the company’s market value was about 106 trillion dong, market data show. At the April close his two indirect stakes would have been worth $930 million by our math.
Why other estimates disagree
Public estimates have him swinging in and out of billionaire status, sometimes within months. Those figures appear to treat more of the holding companies as his than the 48.5% on record, and may include assets beyond Masan stock. Neither the holding companies’ current ownership nor their debts are published, so every estimate, ours included, rests on an assumption at that step.
What would move the figure
Two things. Every 1,000 dong move in Masan’s share price changes his slice by about 308 billion dong, or $12 million. A new disclosure of who owns the two holding companies would move it far more: at 100% of both blocks, the figure would roughly double.
Nguyen Dang Quang net worth FAQ
What is Nguyen Dang Quang’s net worth?
We estimate $880 million as of November 2026, almost all of it his share of the Masan Group stock held by two holding companies he part owns, valued at the November 10 close.
How many Masan shares does Nguyen Dang Quang own?
Only 18 in his own name. Masan JSC, which he chairs and part owns, holds about 446.3 million Masan Group shares, and a second holding company about 189.1 million.
How much did WinCommerce make in the third quarter of 2026?
Sales were 12.78 trillion dong and profit before minority interests was 325 billion dong, up 86% on a year earlier.
How old is Nguyen Dang Quang?
He was born on August 23, 1963 in Quang Tri Province, so he is 63.
What did Nguyen Dang Quang do before Masan?
He studied in Moscow and Belarus, invested in Techcombank in 1993 and in 1996 founded Viet Tien, a chili sauce and instant noodle maker selling to Russia.
How is his net worth estimated?
We take the Masan Group shares disclosed for Masan JSC and Hoa Huong Duong, apply his last reported 48.5% share of each company and the latest closing price, then convert to dollars.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.