Michael Lee-Chin

Quick Facts

Full Name	Michael Lee-Chin
Occupation	Chairman
Date Of Birth	Jan 3, 1951(1951-01-03)
Age	73
Birthplace	Port Antonio
Country	Jamaica
Birth City	Portland Parish
Horoscope	Capricorn

Michael Lee-Chin Biography

Michael Lee-Chin is one of the most popular and richest Chairman who was born on January 3, 1951 in Port Antonio, Portland Parish, Jamaica. Lee-Chin was the son of Hyacinth Gloria Chen and Aston Lee. He was born in Port Antonio in Jamaica in 1951. His parents were both biracial Africans and Chinese-Jamaican. His mother, Vincent Chen, married Lee-Chin when he was seven years old. Chen was a child of a previous relationship. The couple had seven more children together, six boys as well as one girl. Lee-Chin’s mother was a sales representative for Avon and worked as a bookkeeper at various local businesses. His stepfather owned a local grocery shop.

He went to Canada in 1970 on a scholarship sponsored by Jamaica to study Civil Engineering at McMaster University. He graduated in 1974. After his first year, he was able to pay for his tuition on his own.

Lee-Chin spent two years at the Investors Group, in the Hamilton, Ontario office and in 1979, moved to Regal Capital Planners and became regional manager. While at the company, in 1983, he secured a loan from the Continental Bank of Canada for C$500,000 to purchase a stake in Mackenzie Financial Group and formed Kicks Athletics with Andrew Gayle. By 1987, the investment was worth C$3.5 million.

Lee-Chin was reluctant to invest in the dotcom boom, and saw AIC investments lose 8 per cent in value, even as the S&P gained 56 per cent. Investors moved US$224 million out of AIC’s flagship “Advantage Mutual Fund”. The Globe and Mail ran an article predicting even more investors to leave the fund, meaning that they would run out of cash and be forced to sell its core holdings. Lee- Chin’s response was to sell stock in Coca-Cola, and invest US$65 million into Mackenzie Holdings (the same firm in which he had invested US$400,000 16 years previously). Letters were sent to all 350,000 investors, explaining the strategy. The investors were calmed by the purchase, and the stock was later sold to Investor Group (the same company Lee-Chin had worked for in the 1980s) at more than twice the price AIC had paid for it. In 2000 and 2001, following the dotcom crash, AIC outperformed the market with 26 per cent growth and 4 per cent decline respectively.

Lee-Chin’s initial job was as a member of the Frenchman’s Cove Hotel’s landscaping team in 1965. He was offered a job as a summer cleaner on the Jamaica Queen cruise vessel.

Michael Lee-Chin Net Worth

Michael Lee-Chin is one of the richest Chairman from Jamaica. According to our analysis, Wikipedia, Forbes & Business Insider, Michael Lee-Chin 's net worth 1.6 billion USD (2020). (Last Update: December 11, 2023)

Michael Lee-Chin OJ, OOnt, a Jamaican-Canadian billionaire businessman and philanthropist, is the chairman and CEO at Portland Holdings Inc., a private investment company in Ontario, Canada.

Between 1962 and 1969, he attended Titchfield High High School.

In 1974, he married Vera Lee-Chin, a Ukrainian Canadian whom he had met at university. They parted in 1991, and officially separated (though did not divorce) in 1997. Ms. Lee-Chin has since contested the terms of the separation agreement, claiming that Lee-Chin did not disclose his actual wealth at the time of the separation. The couple had three children, Michael Jr., Paul, and Adrian.

Height, Weight & Body Measurements

Michael Lee-Chin height Not available right now. Michael weight Not Known & body measurements will update soon.

Who is Michael Lee-Chin Dating?

According to our records, Michael Lee-Chin married to Vera Lee-Chin. As of December 1, 2023, Michael Lee-Chin’s is not dating anyone.

Relationships Record : We have no records of past relationships for Michael Lee-Chin. You may help us to build the dating records for Michael Lee- Chin!

In 2003, he made headlines when he pledged to donate $30 million to the Royal Ontario Museum (ROM) of which a third had been paid as of 2015. He also provided a $10 million gift to the Rotman School of Management at the University of Toronto. The gift established the Michael Lee-Chin Family Institute for Corporate Citizenship at the Rotman School of Management, University of Toronto. The Lee-Chin Institute’s purpose is to help current and future business leaders integrate corporate citizenship into business strategy and practices.

Facts & Trivia

Michael Ranked on the list of most popular Chairman. Also ranked in the elit list of famous people born in Jamaica. Michael Lee-Chin celebrates birthday on January 3 of every year.

Lee-Chin has made several large pledges and/or donations in Canada to the Royal Ontario Museum in 2003, the Rotman School of Management at the University of Toronto, McMaster University and the Joseph Brant Hospital Foundation. Lee-Chin served as chancellor of Wilfrid Laurier University.

What does Michael Lee-Chin do now?

Lee-Chin remains committed to philanthropy and business , but now, at 71 years of age, his focus has shifted to his family, his health, and well-being. His days start at 5 a.m. He tries not to check his phone, but gives the screen a cursory glance to see if there are any emergencies at Portland Holdings.

What did Michael Lee-Chin do for Jamaica?

Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited. The native of Jamaica acquired AIC in 1987, when it had less than $1 million in assets under management.

How old is Michael Lee-Chin?

71 years (January 3, 1951)

Who influenced Michael Lee-Chin?

DID YOU KNOW? Michael Lee-Chin modelled his investment strategy on that of billionaire American investor Warren Buffett , CEO of Berkshire Hathaway Inc. Buffett’s buy-and-hold philosophy was heard in AIC’s motto: “Buy, hold and prosper,” and many of Lee-Chin’s companies were also named Berkshire.

Who is the richest man in the Caribbean 2021?

Joseph M. With a net worth of $3.6 billion, Joseph M. Matalon ranks as Jamaica’s richest person. The majority of his wealth comes from his position as Chairman of ICD Group Holdings, a Jamaican investment holding company, and the media firm RJR Gleaner Communications Group.