Michael Lee Chin, born in Jamaica, began his career in the finance industry after migrating to Canada in the late 1970s. He started as a stockbroker at a small firm, where he quickly demonstrated his prowess in understanding and navigating the complex world of investments. His keen eye for opportunities and strategic thinking helped him build a reputation as a savvy investor.

In the early 1980s, Michael Lee Chin founded his own investment firm, AIC Limited, which later became AIC Asset Management. His company grew rapidly, attracting high-profile clients and managing billions of dollars in assets. His success in the investment world brought him significant recognition, making him a prominent figure in the Canadian finance industry and beyond.

Michael Lee Chin’s Current Net Worth

As of 2025, Michael Lee Chin’s current net worth is estimated to be around $2.5 billion, according to Forbes. This makes him one of the wealthiest individuals in Canada.

Career

Michael Lee Chin is a Jamaican-Canadian businessman and philanthropist. He is the founder and chairman of Portland Holdings Inc., a private investment company. Before this, he served as the CEO of AIC Limited, a company he founded in 1987, which grew to become one of Canada’s largest mutual fund companies.

Other Ventures

Chin has also ventured into other industries. He is the owner of the National Basketball League of Canada’s London Lightning and the Jamaican national bobsleigh team. Additionally, he has invested in real estate, including the purchase of a significant stake in the iconic Toronto Star building.

Assets

Chin’s assets include a substantial real estate portfolio, including luxury properties in Toronto and Jamaica. He also owns a collection of vintage cars, including a 1955 Mercedes-Benz 300 SL Gullwing. His art collection includes works by renowned artists like Jean-Michel Basquiat and Andy Warhol.

Annual Income

Michael Lee Chin’s annual income is not publicly disclosed. However, as a successful businessman and entrepreneur, it can be assumed that his income is substantial. His wealth has primarily been built through his investments and business ventures, with his annual income likely varying year to year based on the performance of these ventures.

Frequently Asked Questions about  Michael Lee Chin

Frequently Asked Questions about Michael Lee Chin

1. What is Michael Lee Chin’s net worth?

Michael Lee Chin’s net worth is estimated to be around $3.5 billion.

2. How did Michael Lee Chin make his fortune?

Michael Lee Chin made his fortune through National Commercial Bank (NCB), a bank he founded in Jamaica in 1972. He also has interests in other financial institutions and investments.

3. What is Michael Lee Chin’s background?

Michael Lee Chin was born in Jamaica and studied at the University of the West Indies. He started his career as a banker before founding NCB.

4. What are some of Michael Lee Chin’s philanthropic efforts?

Michael Lee Chin has been involved in various philanthropic efforts, including the Michael Lee-Chin Family Foundation, which focuses on education, health, and community development in Jamaica.

5. What is Michael Lee Chin’s role in the National Commercial Bank (NCB)?

Michael Lee Chin is the founder and chairman of NCB. He also serves as the executive chairman of NCB Financial Group.

6. What other businesses does Michael Lee Chin own?

Michael Lee Chin has investments in various businesses, including real estate, insurance, and investments in the Caribbean and Canada.

7. What awards has Michael Lee Chin received?

Michael Lee Chin has received several awards, including the Order of Jamaica (OJ) in 2003, the Order of the Caribbean Community (OCC) in 2012, and the Caribbean Development Award in 2014.

8. What is Michael Lee Chin’s approach to business and investing?

Michael Lee Chin is known for his disciplined approach to investing, focusing on value and long-term growth. He has also emphasized the importance of corporate governance and ethical business practices.

9. What is Michael Lee Chin’s relationship with the Jamaican government?

Michael Lee Chin has had a positive relationship with the Jamaican government, contributing to the country’s economic development and serving on various government boards and committees.

10. What are Michael Lee Chin’s future plans?

Michael Lee Chin has expressed a commitment to continuing to grow and develop his businesses, as well as to contributing to Jamaica’s economic and social development through his philanthropic efforts.