Deals
Fish Sauce Helps Vietnam Mint Its Newest Billionaire
- Masan Group’s Chairman Quang has $1.2 billion fortune
- Masan shares rebound in past 6 months after pork price crisis
Photographer: John Borthwick via Getty Images
This article is for subscribers only.
For Vietnamese consumer tycoon Nguyen Dang Quang, placing his fish sauce and other "must-have" condiments in the kitchen shelves of just about every home in the country has helped make him a billionaire.
Shares of Masan Group, which produces the sauce made from fermented fish that’s widely used in Vietnamese cuisine, have more than doubled in the past six months, compared with the 37 percent gain in Vietnam’s benchmark VN Index. That lifted the net worth of Quang, the company’s chairman and founder, to $1.2 billion, according to the Bloomberg Billionaires Index.