Michael Lee-Chin
$1.22B
as of 10/04/24
About Michael Lee-Chin
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.
Under Lee-Chin, the Canada-based wealth management and mutual fund business managed more than $10 billion in assets by 2002.
But the firm was hit hard by the 2008 recession, and Lee-Chin sold AIC to Canadian financial services group Manulife in 2009 for an undisclosed price.
He managed to hold onto a valuable 60% stake in National Commercial Bank Jamaica, which now makes up much of his wealth.
Personal stats
Citizenship
CanadaSource of wealth
Mutual fundsResidence
Burlington, CanadaMarital status
DivorcedBirth date
01/03/51 (age 73)Number of children
5Education
Bachelor of Arts/Science, McMaster UniversitySelf-made
self-madeMichael Lee-Chin’s fortune is worth
20K
troy ounces of gold
19K
median U.S. household
12K
median U.S. income
0.024%
U.S. credit card volume
0.005%
GDP of the United States
0.004%
United States debt
Net worth history
Annual ranking
Related people
Did you know?
As a teenager, Lee-Chin worked landscaping at a hotel, then got a gig cleaning the engine room on the Jamaica Queen cruise ship.
Net worth over time
Real-time ranking
Financial assets
KINGSTON | NCBFG-JM
National Commerical Bank JamaicaImages © Forbes.com. All rights reserved.