
Tran Ba Duong
At age 64, Vietnamese billionaire Tran Ba Duong is living high on the hog—driving fast cars, wearing fine clothes, and building six star luxury hotels in Hanoi. But at what cost?
Tran Ba Duong is the founder and chairman of THACO, a Vietnamese multinational with business interests across many sectors, including automobile manufacturing, construction, and agriculture.
Unfortunately, like the other magnates on our list, Tran Ba Duong’s fortune relies on dirty dealings with intensely corrupt people: THACO group is the developer of Myanmar Centre Project—which includes the Myanmar Plaza shopping mall, Melia Hotel and an office tower—on land leased from a now junta-controlled ministry.
Each lease payment on this property helps the Myanmar military fund its ongoing campaign of terror against the people of Myanmar.
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