UpwardAction Salutes Michael Lee-Chin

UpwardAction Salutes Michael Lee-Chin


Mr. Michael Lee-Chin is a billionaire business mogul, investor and philanthropist.   He is the founder and Chairman of Portland Holding, Inc., a privately-held investment company that owns a number of businesses in industries that are as diverse as media, health-care, tourism and financial services.   He is also the Executive Chairman of the Canadian mutual fund, AIC Limited, and the National Commercial Bank of Jamaica. 

10 Facts About Michael Lee-Chin

1.  He was born in 1951. 

2.  He started investing at age 32 and used the proceeds to acquire AIC Limited, which he grew from $1 million in assets to $15 billion.   

3.  He worked briefly as a road engineer for the Jamaican government before moving to Canada.

4.  While in Canada, Mr. Lee-Chin worked as a bouncer and later as a financial advisor for Investors Group. 

5.  He borrowed C$500,000 to purchase a stake in Mackenzie Financial Group turned it into a C$3.5 million investment.

6.  He took the proceeds from his Mackenzie investment and bought Advantage Investment Council (a division of AIC Limited) for $200,000.   

7.  He grew Advantage Investment Council's investments from C$800,000 to C$6 billion. 

8.  In 2009, he sold AIC Limited to Manulife for an undisclosed amount.  As a result of that acquisition, Manulife Securities managed around C$13 billion in Canadian mutual fund assets. 

9.  While at Investors Group, Mr. Lee-Chin studied and mastered the investment strategies of successful investors like Warren Buffett, Benjamin Graham and Kenneth Thomson.  He adopted and applied their general investing strategy of “buy, hold & proper” in his own business transactions.

10.   Mr. Lee-Chin's life is a lesson in the power of getting started (remember … he didn't start investing until age 32) in studying and adopting the habits of industry giants. 

To learn more about Mr. Lee-Chin, visit his wiki page at http://en.wikipedia.org/wiki/Michael_Lee-Chin.

Staff Blogger 

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TC Cooper is an Amazon best selling author, lawyerpreneur and president of UpwardAction®. She is also the founder of the CooperZone Virtual Learning System, which includes the Linked Impact Academy, Tweeple Impact Academy, Live Streaming Impact Academy and Social Media Magic Coaching Group. As the CEO of UpwardAction®, TC helps lawyers, consultants and other professional service providers leverage the power of the Internet to build influential brands and sustainable businesses. TC earned her law degree at Columbia Law School, where she was a Harlan Fisk Stone Scholar, and her BA with honors from Hampton University. She is also a certified coach and graduate of CoachU.