VietJet CEO set to become Southeast Asia’s first woman self-made billionaire
Southeast Asia is poised to see its first woman self-made billionaire if Vietnamese Nguyen Thi Phuong Thao, CEO of VietJet Aviation, succeeds with the upcoming initial public offering of the airline.
According to Bloomberg’s Billionaires Index, Thao, 45, is set to be worth over US$1 billion (S$1.37 billion), more than any other woman has ever earned in the country.
While she has amassed most of her wealth from VietJet and real estate development Dragon City, Thao reportedly stated that she has not calculated how much she owns.
“I’m just focused on how to boost the company’s growth, how to increase the average salary for my employees, how to lead the airline to gain more market share and make it number one,” Bloomberg quoted her as saying.
VietJet’s IPO is expected to take place within the next three months, as it seeks a valuation of more than US$1 billion, Bloomberg reported.
Thao is believed to own 95 per cent of the company.