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

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.

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