Lee Chin now valued at US$1.5 Billion by Forbes
Forbes, the American business magazine, valued the Jamaican investor Michael Lee Chin’s net worth at US$1.5 billion currently.
Forbes said the Jamaican business tycoon’s most valuable asset is still a 65% stake in National Commercial Bank Jamaica, which is the banking arm of the NCB Financial Group.
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.
Mr. Lee Chin owns in total approximately 53 % of the financial group through AIC (Barbados) Limited. Which is the ultimate parent company, it is Portland Holdings Inc, and it is also incorporated in Canada and controlled 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.
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The group now runs Guardian Holdings Limited. Mr. Lee Chin was reported to be proud and excited when he completed the takeover of Guardian.
