The World's Billionaires: #701 Michael Lee-Chin


Net Worth:$1.0 bil
Fortune:self made
Source:mutual funds
Age:58
Country Of Citizenship:Canada
Residence:Burlington
Industry:Finance
Education:McMaster University, Bachelor of Arts / Science,
Marital Status:divorced, 5 children

Chairman of AIC mutual funds, which he acquired in 1987, has seen assets under management plunge by 42% since investors started cashing out during financial downturn. The Jamaica native received the Order of Jamaica in 2008 for his outstanding service in business and philanthropy. Donated $3.7 million to build a nursing school in Jamaica, named in honor of his mother, Hyacinth Gloria Chen. Also owns stakes in National Commercial Bank Jamaica, Total Finance in Trinidad & Tobago and Columbus Communications, a cable and communications company, in Barbados. His personal real estate portfolio includes 250 acres of beachfront property in Ocho Rios, Jamaica and homes in Canada and Florida.

This year Bill Gates tops the list of the world's richest, followed by fellow American Warren Buffet and Carlos Slim Helu of Mexico.

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1 comments
  1. Anonymous September 8, 2009 at 2:32 PM  

    boy i wish av even a $10,0000 rite now. Mr. lee can i av jus dat alone plzz?

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