Home Lifestyle Michael Lee-Chin now valued at US$1.5 Billion by Forbes

Michael Lee-Chin now valued at US$1.5 Billion by Forbes

Billionaire Micheal Lee Chin Talks About Jamaica's Investment Landscape

Forbes, the American business magazine, esteemed the Jamaican financial investor Michael Lee Chin’s total assets at US$1.5 billion as of now.

Forbes said the Jamaican business big shot’s most significant resource is still at 65% stake in National Commercial Bank Jamaica, which is the financial arm of the NCB Financial Group.

VIDEO: Man Robbed of $200k USD right after withdrawing it

Mr. Lee-Chin is from Port Antonio and was born on the 3rd of January 1951. According to one source back in 2017 the Jamaican was worth an estimated $2.95 billion

SEE ALSO: These are the Wealthiest Living Jamaicans and their Net-worth in 2020

Mr. Lee Chin possesses altogether roughly 53 % of the money related gathering through AIC (Barbados) Limited. Which is a definitive parent organization, it is Portland Holdings Inc, and it is additionally consolidated in Canada and constrained by the business mogul.

The NCB Group has a wide range of subgroups such as NCB Capital Markets Limited, NCB Global Finance Limited which is located in Trinidad and Tobago.

NCB also has subsidiaries in Barbados, Cayman, Bermuda and other places.

The group now runs Guardian Holdings Limited. Michael Lee Chin was reported to be proud and excited when he completed the takeover of Guardian.

Facebook Comments