Black Billionaires of 2019

10. Michael Lee-Chin

Net Worth: $1.9B

Michael Lee-Chin is a Canadian businessman who has had much success within the Financial Investments Market.

Lee-Chin, a Canadian of Jamaican origin, made a fortune investing in financial companies. He owns a 65% stake in National Commercial Bank Jamaica, which makes up the bulk of his fortune.

He also acquired AIC Limited in 1987, when it had less than $1 million in assets under management. In 2008 the firm was hit hard by the recession, and Lee-Chin sold AIC to Canadian financial services group Manulife in 2009 for an undisclosed price.

Under Lee-Chin, the Canada-based wealth management and mutual fund business managed more than $10 billion in assets by 2002.

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