{"id":598463,"date":"2023-08-19T10:06:29","date_gmt":"2023-08-19T04:36:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=598463"},"modified":"2023-08-19T11:27:32","modified_gmt":"2023-08-19T05:57:32","slug":"vietnam-tycoon-loses-18-billion-after-ev-makers-shares-sink","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/vietnam-tycoon-loses-18-billion-after-ev-makers-shares-sink\/","title":{"rendered":"Vietnam tycoon loses $18 billion after EV maker\u2019s shares sink"},"content":{"rendered":"<p>After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth \u2014 erasing a chunk of its billionaire founder\u2019s fortune. <\/p>\n<p>The Vietnamese electric vehicle-maker has fallen sharply over the two most recent trading days in New York, eliminating more than half of the 255% gain it notched on Tuesday when it listed on the Nasdaq Global Select Market. <\/p>\n<p>At $46.4 billion, VinFast\u2019s market capitalization is still just above that of General Motors Co. <\/p>\n<p>Chairman and founder Pham Nhat Vuong, who controls all but a few shares of the company, has seen his net worth tumble roughly 40% to $26.2 billion, according to the Bloomberg Billionaires Index.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth \u2014 erasing a chunk of its billionaire founder\u2019s fortune. The Vietnamese electric vehicle-maker has fallen sharply over the two most recent trading days in New York, eliminating more than half of the 255% gain it notched on Tuesday when it listed on the Nasdaq Global Select Market. At $46.4 billion, VinFast\u2019s market capitalization is still just above that of General Motors Co. Chairman and founder Pham Nhat Vuong, who controls all but a few shares of the company, has seen his [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,246,137],"tags":[],"class_list":["post-598463","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598463","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=598463"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/598463\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=598463"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=598463"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=598463"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}