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Facts About Little-Known Brother Of Famous Jamaican Billionaire Lee-Chin, Who Has Also Amassed A Huge Fortune

Wayne Chen

 

Wayne Chen has been named by several publications as one of Jamaica’s wealthiest and most influential businessmen. His net worth is estimated to be in the millions of dollars by several publications. According to one source, he is worth $1 billion.

He is Michael Lee-Chin’s younger brother, a wealthy Jamaican businessman who made his fortune through investments in financial institutions such as the National Commercial Bank of Jamaica and AIC Limited.

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According to the Jamaican, Chen is the CEO of Super Plus Food Stores, Jamaica’s largest retailer.

The company operates about 30 stores on the island.

Hyacinth Gloria Chen, Chen and Lee-mother, Chin’s founded Super Plus Food Stores as a family business. The matriarch founded the company with her husband, Vincent. It has since grown to become Jamaica’s largest retail store, with Chen now in charge.

“Super Plus was a consolidation of the family businesses in 1992 when we brought five family-owned businesses together. We expanded it over the years, and at its peak, it was easily Jamaica’s largest retailer,” Chen told Jamaica-Gleaner.

“We employed about 2,600 people and were involved in retail, remittances, money exchange, logistics, and manufacturing,” he added.

According to the Jamaican, Chen has served as a director of NCB (Cayman) Limited, AIC (Barbados) Limited, and the Christmas Town Centre Limited. He has also served on the boards of the National Commercial Bank and the Victoria Mutual Building Society.

In addition, he was the Chair of the Southern Regional Health Authority. He was elected President of the Caribbean Employers Confederation, a member of the CARICOM HR Development Commission, and an International Labour Organization Employer Representative (ILO).

He resigned from the board of NCB Financial Group Limited in 2018. He has also served on the boards of several other companies, including West Indies Trust Company Limited, NCB Insurance Company Limited, NCB Trust Limited Company, and NCB Capital Markets Cayman.

He is also a former Chairman of Jamaica’s Urban Development Corporation, National Land Agency, and National Gallery of Jamaica. He also served on the boards of the National Commercial Bank and the Victoria Mutual Building Society.

Chen was named the Jamaica Observer’s Business Leader of the Year in 1998. He was named the Jamaican Institute of Management’s Young Entrepreneur in 1997. He also co-wrote ‘Reggae Routes: The Story of Jamaican Music,’ which was published by Temple University Press.

Chen, the third of nine children, was born in Port Antonio and received his first degree in law from the University of the West Indies. He was also the DeCarteret College’s head boy.

 

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Written by How Africa News

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