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JAM | Feb 12, 2023

WATCH | Michael Lee-Chin to sell his super yacht ‘AHPO’

/ Our Today

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Reading Time: 2 minutes

Asking price: €330 million

Super yacht – AHPO

The word is out.

NCB majority owner and billionaire Michael Lee-Chin is selling his super yacht, the splendid AHPO, and is asking for €330 million.

Only true big ballers need to put in offers. Most of us will have to settle for a rubber boat for our bathtubs!

Lee-Chin made his fortune in Canada through his mutual fund company, AIC. He built his business through hard work, starting with a CDN$500,000 loan from a Canadian bank that took a chance on an enterprising young man. Jamaican financial institutions take note.

Years later, he went on to acquire the National Commercial Bank (NCB) in Jamaica and turned it into the most successful financial entity in the country.

He then diversified his business interests, gong into hotels, real estate, media, agriculture, ports and healthcare.

Lee-Chin has recently championed nuclear energy and is making serious inroads with oncology, paying particular attention to cancer treatment.

He is chairman of private investment company, Portland Holdings. Forbes places his net worth at US$1.7 billion.

Photo: LinkedIn @Michael Lee-Chin

Lee Chin is believed to have acquired the 377-foot AHPO in 2021 and it was seen that year docked in Port Antonio, Portland, the place of his birth. 

It is most impressive and boasts a helipad, cinema, spa, jacuzzi, state room and gym.

This is not the Jamaican billionaire’s first rodeo with super yachts. He previously owned Quattroelle, valued at US$250 million, before upgrading to the AHPO.

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