Subscribe Login
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
Jamaica Observer
ePaper
The Edge 105 FM Radio Fyah 105 FM
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
    • Home
    • News
      • Latest News
      • Cartoon
      • Central
      • North & East
      • Western
      • Environment
      • Health
      • International
      • #
    • Business
      • Social Love
    • Sports
      • Football
      • Basketball
      • Cricket
      • Horse Racing
      • World Champs
      • Commonwealth Games
      • FIFA World Cup 2022
      • Olympics
      • #
    • Entertainment
      • Music
      • Movies
      • Art & Culture
      • Bookends
      • #
    • Lifestyle
      • Page2
      • Food
      • Tuesday Style
      • Food Awards
      • JOL Takes Style Out
      • Design Week JA
      • Black Friday
      • #
    • All Woman
      • Home
      • Relationships
      • Features
      • Fashion
      • Fitness
      • Rights
      • Parenting
      • Advice
      • #
    • Obituaries
    • Classifieds
      • Employment
      • Property
      • Motor Vehicles
      • Place an Ad
      • Obituaries
    • More
      • Games
      • Jobs & Careers
      • Study Centre
      • Jnr Study Centre
      • Letters
      • Columns
      • Advertorial
      • Editorial
      • Supplements
      • Webinars
  • Home
  • News
  • Latest
  • Business
  • Cartoon
  • Games
  • Food Awards
  • Health
  • Entertainment
    • Bookends
  • Regional
  • Sports
    • Sports
    • World Cup
    • World Champs
    • Olympics
  • All Woman
  • Career & Education
  • Environment
  • Webinars
  • More
    • Football
    • Letters
    • Advertorial
    • Columns
    • Editorial
    • Supplements
  • Epaper
  • Classifieds
  • Design Week
Lee-Chin sells megayacht for US$362 million – report
Michael Lee Chin
Latest News
May 10, 2023

Lee-Chin sells megayacht for US$362 million – report

Jamaican-Canadian billionaire Michael Lee-Chin has reportedly sold his superyacht AHPO for a whopping US$362 million (J$55.8 billion), a US$62-million premium to what he paid for the vessel in 2021.

It was purchased by professional hockey player turned billionaire businessman Patrick Dovigi, according to premium lifestyle website Luxury Launches.

The 378 feet superyacht, described as a floating five-star resort, has a capacity for 16 passengers.

The sale of Lee-Chin’s yacht is one in a string of disposals to have taken place since the COVID-19 pandemic in March 2020. Lee-Chin, through AIC (Barbados) Limited, sold CVM Television Limited in September 2022 to Verticast Media Group at an undisclosed price. This was preceded by the sale of Reggae Beach, St Mary, to MJR Real Estate Holdings Limited which is managed by Barita Investments Limited. That 250-acre property was reportedly valued at US$50 million ($7.75 billion).

In February, he sold Medical Associates Hospital to Caribbean Health Systems Limited, a St Lucian registered entity whose principals include Dr Michael Banbury, the former CEO of the St Andrew-based private hospital.

{"website":"website"}{"jamaica-observer":"Jamaica Observer"}
img img
0 Comments · Make a comment

ALSO ON JAMAICA OBSERVER

Vybz Kartel pulls out of Trinidad performance – reports
Entertainment, Latest News
Vybz Kartel pulls out of Trinidad performance – reports
May 31, 2025
Dancehall superstar Vybz Kartel will not appear for his scheduled performance at the One Caribbean Music Festival in Trinidad and Tobago due to the pr...
{"jamaica-observer":"Jamaica Observer"}
Lyssons win INSPORTS primary champs
Latest News, Sports
Lyssons win INSPORTS primary champs
May 31, 2025
Lyssons Primary regained their Institute of Sports (INSPORTS) Devon Biscuits National Primary Schools Athletics Championship in style at the National ...
{"jamaica-observer":"Jamaica Observer"}
Police probing abduction of election scrutineer in St Andrew
Latest News, News
Police probing abduction of election scrutineer in St Andrew
May 31, 2025
KINGSTON, Jamaica - Police are intensifying their investigation into the abduction of a woman, Lorna Robertson, who was snatched by unknown assailants...
{"jamaica-observer":"Jamaica Observer"}
Brilliant PSG demolish Inter Milan to win first Champions League title
Latest News, Sports
Brilliant PSG demolish Inter Milan to win first Champions League title
May 31, 2025
MUNICH, Germany (AFP) -- Paris Saint-Germain won the Champions League for the first time in their history as Luis Enrique's brilliant young side outcl...
{"jamaica-observer":"Jamaica Observer"}
Man wanted in Clarendon arrested in Greenvale, Manchester
Latest News, News
Man wanted in Clarendon arrested in Greenvale, Manchester
May 31, 2025
MANCHESTER, Jamaica— A man wanted by the Clarendon police for shooting with intent was apprehended in the once troubled community of Greenvale, Manche...
{"jamaica-observer":"Jamaica Observer"}
Sandals donates two ambulances to Jamaica Fire Brigade
Latest News, News
Sandals donates two ambulances to Jamaica Fire Brigade
May 31, 2025
The Emergency Medical Services (EMS) arm of the Jamaica Fire Brigade (JFB) has been boosted by the donation of two ambulances by Sandals Resorts Inter...
{"jamaica-observer":"Jamaica Observer"}
Youth start-up programme to ease entry intro agriculture
Latest News, News
Youth start-up programme to ease entry intro agriculture
May 31, 2025
KINGSTON, Jamaica - Government is making it easier for young Jamaicans to enter the agricultural sector under the new Agro Park Youth Start-Up Program...
{"jamaica-observer":"Jamaica Observer"}
Reggae Boyz lose on penalties to Nigeria in Unity Cup final
Latest News, Sports
Reggae Boyz lose on penalties to Nigeria in Unity Cup final
May 31, 2025
Jamaica’s Reggae Boyz were beaten 5-4 on penalties by Nigeria after playing out a 2-2 draw in the Unity Cup final at Brentford Community Stadium in Lo...
{"jamaica-observer":"Jamaica Observer"}
❮ ❯

Polls

HOUSE RULES

  1. We welcome reader comments on the top stories of the day. Some comments may be republished on the website or in the newspaper; email addresses will not be published.
  2. Please understand that comments are moderated and it is not always possible to publish all that have been submitted. We will, however, try to publish comments that are representative of all received.
  3. We ask that comments are civil and free of libellous or hateful material. Also please stick to the topic under discussion.
  4. Please do not write in block capitals since this makes your comment hard to read.
  5. Please don't use the comments to advertise. However, our advertising department can be more than accommodating if emailed: advertising@jamaicaobserver.com.
  6. If readers wish to report offensive comments, suggest a correction or share a story then please email: community@jamaicaobserver.com.
  7. Lastly, read our Terms and Conditions and Privacy Policy

Recent Posts

Archives

Facebook
Twitter
Instagram
Tweets

Polls

Recent Posts

Archives

Logo Jamaica Observer
Breaking news from the premier Jamaican newspaper, the Jamaica Observer. Follow Jamaican news online for free and stay informed on what's happening in the Caribbean
Featured Tags
  • Editorial
  • Columns
  • Health
  • Auto
  • Business
  • Letters
  • Page2
  • Football
Categories
  • Business
  • Politics
  • Entertainment
  • Page2
  • Business
  • Politics
  • Entertainment
  • Page2
Ads
img
Jamaica Observer, © All Rights Reserved
  • Home
  • Contact Us
  • RSS Feeds
  • Feedback
  • Privacy Policy
  • Editorial Code of Conduct