$2 Billion | Rank #1513
Who is Michael Lee-Chin
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 the majority of his wealth. Coming from an average or middle class family, Michael Lee-Chin is one those great persons who have stormed their way to the billionaires list on their own. And currently ranks at 1513 on billionaires list making him one of the wealthiest ever persons on the planet. He is currently 71.0 years old. As of today, Michael Lee-Chin’s net worth is approximately 2 Billion.
Facts about Michael Lee-Chin
Net Worth: | 2 Billion |
Billionaire Rank: | 1513 |
Age: | 71.0 |
Date of Birth: | 03-01-51 |
Gender: | Male |
Currently Living in: | Burlington, nan, Canada |
Birth Place: | Canada |
Source of Wealth: | mutual funds |
To find out what is Michael Lee-Chin Net Worth, how he got there and what is Michael Lee-Chin Salary Per Day, Career, Biography and Childhood details, continue reading below.
Background of Michael Lee-Chin
Michael Lee-Chin was born on 03-01-51 in Canada. Lee-Chin later worked as a road engineer for the Jamaican government after studying civil engineering at Canada’s McMaster University. As a teenager, Lee-Chin worked landscaping at a hotel, then got a gig cleaning the engine room on the Jamaica Queen cruise ship. Being raised in the same country, Michael Lee-Chin spent most of his time in nan in the city of Burlington.
Michael Lee-Chin net worth is estimated at 2 Billion Billion to date.
Professional Journey
You will see him often in social media. Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited.
There was a time when he would have embraced the change that was coming. He is one of the persons who are always trending in news. Lee-Chin later worked as a road engineer for the Jamaican government after studying civil engineering at Canada’s McMaster University. In his youth, he was adventurous but unknown, but that was years ago.
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 the majority of his wealth. He learnt to find the excitement that came with change. That curiosity had long left him to where he had come to loathe anything that put him out of his comfort zone. Michael Lee-Chin made a fortune investing in financial companies like National Commercial Bank Jamaica and AIC Limited.
It is to be noted that Michael Lee-Chin is one of the selfmade billionaires in the world and stands at 1513 in most wealthy persons in the world.
FAQs
Here are a few most frequently asked questions about Michael Lee-Chin:
How much is Michael Lee-Chin worth?
Michael Lee-Chin’s net worth is estimated to be 2 Billion.
How old is Michael Lee-Chin?
Michael Lee-Chin was born on 03-01-51, and is currently 71.0 years old.
What is Michael Lee-Chin source of income?
Michael Lee-Chin acquires most part of his wealth from mutual funds.
Concluding Michael Lee-Chin Net Worth
Currently with a net worth of 2 Billion, Michael Lee-Chin stands at 1513 in the world billionaires list. And draws most of his wealth from mutual funds. Hope you like this information about Michael Lee-Chin. If you like this, then please share it with your friends. This above post is all about the estimated worth of Michael Lee-Chin. Do you have any queries? Feel free to ask via comment section.
Disclaimer: Please keep in mind that this is an estimated net worth of Michael Lee-Chin. Actual worth may vary a little. You can always get information by checking out Leaktown.com.