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< Jay-Z's 40/40 Club Expands to Asia
12.03.2006 13:28 Age: 6 yrs
Only Two Blacks on Worlds Richest People ListForbes magazine has released its annual list of the worlds richest people and this year there are still only two blacks on the list. This year the list is a record 793, up 102 from last year. They’re worth a combined $2.6 trillion, up 18% since last March with an average net worth of $3.3 billion. The richest person on the list remains Microsoft co-founder Bill Gates with a networth of $50 billion.Coming in at #365 is Jamaican born Michael Lee-Chin with a networth of $2.1 billion down $400 million from last year. Lee-Chin has had a ruff year at his AIC mutual funds saw assets under management decline 19.8% last year due to lackluster fund performance. Lee-Chin continues to support Caribbean economies. Owns stakes in National Commercial Bank Jamaica and Total Finance in Trinidad & Tobago; this year he cofounded Columbus Communications, a cable and communications company in Barbados. Added Reggae Beach, 250 acres of beachfront property in Ocho Rios, Jamaica, to his personal real estate portfolio, which also includes homes in Canada and Florida. |
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