Michael Lee-Chin

Date of Birth: January 3, 1951

Zodiac Sign: Capricorn

Biography

Michael Lee-Chin is a Jamaican-Canadian business magnate, investor, and philanthropist known for his significant contributions to the financial services industry. Born in Port Antonio, Jamaica, Lee-Chin immigrated to Canada in the early 1970s to study civil engineering at McMaster University. After a brief stint as a road engineer, he entered the financial services industry, beginning as a mutual fund salesman for Investors Group. Lee-Chin’s major breakthrough came in 1987 when he acquired a small Ontario-based company called AIC Limited, which he transformed into one of Canada’s largest mutual fund companies. A visionary investor, Lee-Chin is recognized for his strategic investment in National Commercial Bank Jamaica Limited (NCB), which has made significant strides in the Caribbean banking sector under his leadership. In addition to his business acumen, Lee-Chin is also a dedicated philanthropist, contributing to various educational and healthcare initiatives. He has received numerous honors and awards, including the Order of Jamaica and an honorary Doctor of Laws degree from McMaster University.

5 Interesting Facts about Michael Lee-Chin

1. Michael Lee-Chin was awarded the Order of Jamaica in 2008 for his philanthropic contributions to the country.

2. He made a substantial donation of $30 million to the Royal Ontario Museum, which led to the establishment of the Michael Lee-Chin Crystal.

3. Lee-Chin owns a majority stake in Portland Holdings Inc., which has diverse investments in various sectors including media, tourism, and financial services.

4. He has been featured on Forbes’ list of billionaires multiple times, highlighting his significant wealth and influence.

5. Lee-Chin is known for his investment philosophy of “buying assets that you understand, hold them for the long-term, and ensure they are of high quality.”

5 Most Interesting Quotes from Michael Lee-Chin

1. “I believe the single most important attribute in a successful entrepreneur is perseverance.”

2. “You don’t have to be a rocket scientist to invest, you just have to understand the business you’re investing in.”

3. “Success is not a destination, but the road that you’re on.”

4. “Philanthropy is not just about giving money but about solving problems.”

5. “In order to create wealth, you need to have the courage to take risks.”

Highest Net Worth Achieved

Michael Lee-Chin’s highest net worth achieved is estimated to be around $2 billion.

Children

Michael Lee-Chin has five children: Michael Jr., Paul, Adrian, Elizabeth, and Tyrone. They have pursued various careers and have been involved in different aspects of business and philanthropy, continuing their father’s legacy of entrepreneurship and community service.