Michael Lee-Chin • Net Worth $1.5 Billion • House • Yacht • Private Jet • Portland Holdings

Name:Michael Lee Chin
Net Worth:$1.5 billion
Source of Wealth:Portland Holdings
Born:Jan 3, 1951
Age:
Country:Canada
Wife:Sonya Hamilton
Children:Michael Jr Lee-Chin, Pau Lee-Chin, Adrian Lee-Chin, Elizabeth Lee-Chin and Maria Lee-Chin
Residence:Ontario
Private Jet:C-GNCB – Bombardier Global Express
Yacht:AHPO


From humble beginnings to a billionaire business magnate, Michael Lee-Chin’s journey to success has been nothing short of extraordinary. In this article, we explore the life, achievements, and philanthropic efforts of this Jamaican-Canadian investor and founder of Portland Holdings.

Who is Michael Lee-Chin?

Michael Lee-Chin, born on January 3, 1951, is a Jamaican-Canadian business magnate, investor, and philanthropist. Married to Sonya Hamilton, Lee-Chin is the founder and Executive Chairman of Portland Holdings Inc., a privately held investment company based in Ontario, Canada.

Lee-Chin’s journey began in Jamaica, where he worked in landscaping at a local hotel at the age of 14. At 16, he took a cleaning job in the engine room of a cruise ship. Later, he studied civil engineering and business economics, eventually starting his financial career as an advisor for an investment company. His savvy investments quickly propelled him to millionaire status in his 30s.

Today, Lee-Chin is a billionaire, managing a vast investment portfolio that includes a majority stake in the National Commercial Bank of Jamaica.

Portland Holdings: A Diverse Investment Portfolio

Portland Holdings is an investment company based in Ontario, Canada. Its past and current investments cover a wide range of industries, showcasing Lee-Chin’s diverse business interests. Some notable investments include:

  • Advantage Investment Council (AIC Limited) – Purchased for $200k and developed into a $6 billion fund.
  • Columbus Communications – 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

With a diverse investment portfolio and a keen eye for lucrative opportunities, Michael Lee-Chin’s net worth is estimated at $1.5 billion.

Philanthropy and Giving Back

Beyond his business pursuits, Lee-Chin is well-known for his philanthropic work. He has established the Michael Lee-Chin Family Institute for Corporate Citizenship at the University of Toronto, demonstrating his commitment to social responsibility and corporate ethics.

In recognition of his achievements and philanthropic efforts, Michael Lee-Chin has been awarded membership in the Order of Jamaica.

Conclusion

Michael Lee-Chin’s inspiring journey from modest beginnings to billionaire investor and philanthropist is a testament to hard work, perseverance, and vision. As he continues to grow his investment empire and engage in charitable work, Lee-Chin remains an influential figure in both the business and philanthropic worlds.

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.

Sources

Michael Lee-Chin – Wikipedia

http://www.portlandholdings.com/

Michael Lee-Chin (forbes.com)

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Michael Lee-Chin


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Michael Lee Chin House

Michael Lee Chin Yacht


He is the owner of the yacht AHPO, she was built as Project ENZO.  AHPO is a large superyacht, with a length of 115 meters (378ft). He used to own the yacht Quattroelle, which he sold to Sheikh Hamdan bin Mohammed al Maktoum.

Built by the renowned Lurssen Yachts in 2021 as Project ENZO, the impressive superyacht AHPO is a marvel of modern design and engineering. Featuring the work of esteemed design firm Nuvolari Lenard, AHPO has quickly become a topic of conversation among yacht enthusiasts.

Although initially referred to as ENZO, the yacht’s actual name is AHPO, which could be an abbreviation for “Grandma.”

With an asking price of €330 million, rumors are swirling that AHPO has recently changed hands. While no official confirmation has been made, the sale would not be surprising given the yacht’s incredible features and specifications.

Specifications: Speed, Range, and Performance

Powered by high-performance MTU engines, AHPO boasts a top speed of 20 knots and a comfortable cruising speed of 12 knots. With a remarkable range of over 3,000 nautical miles, this superyacht is designed for extended journeys across the open seas, providing her guests with the ultimate luxury experience.

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