Michael Lee-Chin
Founder and Chairman of Portland Holdings Inc.
- Industry
- Mutual funds
- Country
- Canada
- Format
- Video interview
- Interviewer
- Richard C. Wilson
- Source
- Forbes profile
Watch the Interview
About Michael Lee-Chin
Michael Lee-Chin is a Jamaican Canadian billionaire. He is the founder and Chairman of Portland Holdings Inc. It is a privately held investment company. Its interests include telecommunications and media. It also invests in tourism and financial services. He is known for strategic investments and for building successful businesses, particularly in the Caribbean region. He supports education and healthcare through philanthropy. His giving also backs community development. Early on, he saw that his generation would move from spending to saving and investing. He began buying wealth management companies. Assets under management in that industry in Canada later grew 400 times. He guides his decisions with clear frameworks. One of them is his three P's for creating wealth. This interview came to the platform through David Mullings of Blue Mahoe Capital. David is a longtime Family Office Club member whom Michael mentored.
What They Shared in the Interview
In Their Words
“Our focus as investors, and business people, is to work to make our staff better owners and we eliminate, as I said, 99.9% of the problems.”
“Just governing your life by frameworks for everything, so that you can minimize emotions.”
“You don’t even have to think once you have defined your framework, your values, your principles.”
“But you don’t create wealth by doing today what everybody else is doing. You create wealth by doing today what everybody else will be doing tomorrow.”
“To create wealth, you have to predict, you have to plan, and you have to persevere.”
FAQs
What company did Michael Lee-Chin found?
He founded Portland Holdings Inc. and serves as its Chairman. The company has interests in telecommunications and media. It also invests in tourism and financial services.
What are Michael Lee-Chin's three P's?
The first P is predict. The second is plan. The third is persevere. He says you need all three to create wealth.
How does Michael Lee-Chin handle problems in a business?
He treats each problem as a principal and agent issue. He finds the specific person who was responsible and asks how they would treat it if it were their own business.
