Who is Michael Lee-Chin?
Michael Lee-Chin is the founder of Portland Holdings. He was born on Jan 3, 1951. He is married to Sonya Hamilton.
Michael Lee-Chin is a Jamaican-Canadian business magnate, investor, and philanthropist. He is the founder and Executive Chairman of Portland Holdings Inc., a privately held investment company based in Ontario, Canada.
Lee-Chin was born in Jamaica. At the age of 14 he did some landscaping work in the garden of a local hotel. When he was 16 he took a cleaning job in the engine room of a cruise ship. Later he studied civil engineering and business economics. He started is financial career as an advisor for an investment company. Soon he started investing himself and became a millionaire in his 30s.
He is now a billionaire, managing a large investment portfolio, including a majority stake in the National Commercial Bank of Jamaica.
Portland Holdings is an investment company based in Ontario, Canada. Past and current investments include:
- Advantage Investment Council (AIC Limited), which he bought for $200k, and developed into a $6 billion fund.
- Columbus Communications, which he co-owned with John Risley, owner of the yacht Northern Star.
- Eastern Caribbean Gas Pipeline Company
- National Commercial Bank of Jamaica (NCB)
- Trident Hotel Jamaica
- Reggae Beach Resort Jamaica
Michael Lee-Chin Net Worth
His net worth is estimated at $1.5 billion.
In addition to his business pursuits, Lee-Chin is known for his philanthropic work, including the establishment of the Michael Lee-Chin Family Institute for Corporate Citizenship at the University of Toronto.
He is a member of the Order of Jamaica.
Frequently Asked Questions (FAQ)
How Much is Michael Lee-Chin worth?
His net worth is $1.5 billion. The majority of his wealth comes from his shares in the National Commercial Bank Jamaica.
How did Michael Lee-Chin make his money?
He is a self-made man and made his money through a combination of successful investments and entrepreneurship. His privately held investment company Portland Holdings owns a diverse portfolio of businesses in sectors such as media, tourism, and natural resources. In addition to these business ventures, Lee-Chin has made a number of successful investments over the years, including an early investment in the mutual fund company AIC Limited, which has contributed significantly to his net worth.
How much is Michael Lee-Chin yacht?
His 115m (378ft) yacht AHPO was built at Lurssen in 2021. It has a value of $300 million.
Where does Michael Lee Chin live?
He lives with his wife Sonya Hamilton and his two youngest children Elizabeth and Maria in a large mansion in Ontario. He also owns a residence in Jamaica.
Michael Lee-Chin – Wikipedia
Michael Lee-Chin (forbes.com)
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