Richest people in the Caribbean - 3 Caribbean Billionaires

A Billion dollars in your pocket

Can you imagine what 1 billion dollars would look like?  Imagine how you would feel if right now.  Right, this minute you were one of the richest people in the Caribbean, with a net worth of $1 Billion dollars or more.

That’s a whole lot of digits, isn’t it?  $1,000,000,000.00

Currently, there are over two thousand officially recognized billionaires all over the globe, and I’m sure the real but unofficial numbers are more than that, but some people just prefer to keep their financial status private and out of the public eye.

As I said the world’s billionaires are spread out worldwide, and the Caribbean region has some of it’s own.

There are billionaires in the region that are native to the region.  For instance, Michael Lee-Chin and Paula Kerr Jarrett Wegman come from Jamaica and are still resident members of the Jamaican population.

Caribbean billionaires - One Billion dollar note

Other native Caribbean billionaires include Helen Bhagwansingh, the richest person in Trinidad and Gregory Mevs a native-born Haitian who still lives in his home country.

Our Caribbean billionaires’ list also includes people who came to the region for a vacation or whatever other reason, then fell in love with some piece of our Caribbean paradise and just never left.

These people include famous business magnates Sir Richard Branson founder of Virgin Atlantic and the Virgin Group and also Larry Page co-founder of Google.

Now, let’s take a closer look at these Caribbean billionaires.  We begin with those from the island of Barbados, which in itself is synonymous with wealth as it is considered to be the wealthiest Caribbean island.

Billionaires in Barbados

Among the richest people in Barbados are 4 individuals who currently qualify as billionaires, with net worth ranging from $1 billion dollars to over $5 billion dollars.

These extraordinarily wealthy individuals include.

Eugene Melnyk

I’ve started with Mr. Eugene Melnyk because he currently lives in Barbados, having moved there in February 1991.

Melnyk is a Canadian national by birth.  Born in Toronto in 1959.

Billionaire In Barbados - Eugene Melnyk

In 1982 he founded a medical publishing company which he named  Trimel Corporation.  Then when that was sold off in 1989 he founded the Biovali Corporation, a Pharmaceutical company.

Then in August 2003 Mr. Melnyk again made the move to purchase another business.  This time it was the Ottawa Senators Hockey Club which he bought along with their home arena, the Corel Centre.

Over the years he has given back to many charities, with his primary focus being on helping children and the elderly.

His net worth has been stated to be $1.2 billion.

Dermot Desmond

Dermot Desmond is an Irish born billionaire who spends part of his time annually living in Barbados.

Dermot was born in 1950, and in 1981 he founded his first company.  A brokerage company he opened in Dublin, Ireland.

Dermot Desmond - Billionaire with Barbados Connections

After selling that company in 1994 he went on to invest in others before purchasing in 1997 the Barbados resort the Five Star Hotel in partnership with two other Irishmen, J.P. McManus, and John Magnier.

Dermot has also been known to invest in sports, having previously held shares in English football club Manchester United which he sold in 2005.  Currently, he is the largest individual shareholder in the English football club Celtic F.C.

You Can Start Making Money Too

J.P. McManus

John Patrick McManus is an Irish horse racing and real estate magnate who divides his time between Barbados, Ireland, and Switzerland.

McManus was born in 1951 in county Limerick, part of the midwestern region of Ireland.  He comes from fairly humble beginnings having spent his early years growing up on his fathers’ farm.

J.P McManus - Billionaire Investor In Barbados

He began his horse racing related business career as an on-course bookmaker then, later on, moved into owning his own horses.  Eventually, purchasing along with his wife a stud farm which covered over 400 acres of property in Limerick.

Since then they have had successes at the Chettenham Festival, achieving their 59th Chettenham win in 2017 with the horse Buveur d’Air.

Another source of income for Mr. McManus seems to have been private foreign exchange trading.

He now has a wide range of investments which include betting shops, pubs, and nursing homes.

Mr. Derrick Smith

Worthy of mention here is Mr. Derrick Smith who is British born and currently lives in Barbados.  His current fortune stands at $800 million.  He owns the largest house in Barbados next door to the Sandy Lane property.

Derrick Smith - Uber Rich Barbados Resident

Smith heads the Sandy Lane Charitable Trust and has donated $10 million to build the Derrick Smith School & Vocational Centre

Up and coming Billionaire from Barbados

Worthy of mention in this Barbados Billionaire list is a young lady who is on the fast track to Billionaire status. She is non other than the Barbados Babe Rihanna.

Richest woman in Barbados - Rihanna

Vimeo: Fenty Beauty by Rihanna SIGMA 380 x 475 px

Licensed under Creative CommonsAttribution 3.0 Unported

Born as Robyn Rihanna Fenty, she is a Barbados born singer, songwriter, actress, and businesswoman as well.

She started life in St. Michael, Barbados, and although she now spends most of her time in London she still maintains her links to her homeland where she keeps a lavish $22 Million mansion for those times when she gets homesick and returns to her Caribbean isle.

Rihanna’s net worth is said to be a cool $600 Million at the moment and with her young age, her career and her Fenty Beauty Cosmetics business it shouldn’t be very long before she’s achieved Barbados Billionaire status.

Right now Rihanna the pop star is America’s richest female musician. If you think that’s impressive then you’re going to be overwhelmed by the fact that she also has the honor of being considered the Worlds Richest Female Musician and one of the wealthiest self-made women under the age of 40.

With all that being said it is easy to see that Rihanna is the Richest woman in Barbados.

A beautiful, sexy, wealthy Caribbean queen that we all have to be proud of. She is representing well for the island of Barbados and the Caribbean region as a whole.

Richest People In The Caribbean - Rihanna

Rihanna – The Loud Tour – 44   By High Contrast 340 x 421

Licensed under Creative Commons Attribution 2.0 Generic license

Billionaires in the Bahamas

Joseph C. Lewis

Joseph C. Lewis is the multi-billionaire owner of the Tavistock Group of Companies, an international private investment organization which he started in 1975. Tavistock now has investments in over 200 companies spanning 13 countries including businesses like the Tottenham Hotspur Football Club and Albany, The Bahamas. A luxury resort community on the island of New Providence in the Bahamas.

This Billionaire businessman and investor was born in 1937 to a Jewish family in Roman Road in London, and like others in our Billionaires list he left school at an early age to go help run the family business, which at that time was Tavistock Banqueting. He apparently excelled with the family business, expanding it and also taking ownership of another business, the West End night club at the time named The Hanover Grand.

Joseph sold these businesses in 1979 and got started in the currency trading business. After starting in this new business he moved to the Bahamas where he has lived ever since.

The Lewis family and Tavistock play their part in giving back to the community by way of the Tavistock Foundation. The support that this foundation gives if focused on helping with educational endeavours and medical innovation within the areas where the Tavistock Group has its business interests.

Mr. Joseph Lewis net worth is now $5.7 Billion dollars, making him the richest man in the Bahamas and also the richest person in the Caribbean.

Billionaires in the British Virgin Islands

William Boyd McCleary

William is a native of Ireland, having been born in Belfast in 1949.  In 2010 he was appointed Governor of the British Virgin Islands by the Queen of England after having served as the High Commissioner to Malaysia from 2006 to 2010.

Prior to that he served in a variety of other roles in a number of countries, including Deputy Head of Mission in Ankara, Turkey from 1990 to 1993.

Richest people in the Caribbean - William Boyd McCleary

My research on the businesses Mr. McCleary has been involved in during his lifetime and information on his early years have mostly come up with nothing, probably because of the secrecy afforded to high ranking members of the Diplomatic Services, but I did find that Mr. McClearys’ net worth is said to be a cool $2 billion dollars.

Larry Page

Lawrence Edward Page is an American born computer scientist and the co-founder of Google LLC.  Born in 1973 in Michigan Page started Google in 1996 as part of a research project he was doing along with Googles’ other co-founder Sergey Brin.

Page, also has interests in Tesla Motors and Renewable energy companies, but surprisingly the Google co-founder only accepts a salary of $1 per year from Google.

Larry Page - Billionaire with island in British Virgin island

Other entrepreneurs who also only take $1 annual salaries include Sergey Brin the other Google co-founder, Larry Ellison Oracles co-founder, and FaceBook co-founder Mark Zuckerberg.

Larry also has a philanthropic side it seems pledging $15 million dollars towards addressing the ebola outbreak back in 2014.

A final note regarding this mega technology entrepreneur is the unverified rumor that he the owner of Eustatia Island which is a lavish 30-acre island in the British Virgin Islands.

The island neighbors Necker island which is owned by Sir Charles Branson who is the next mega-billionaire we are going to mention.

Not a problem at all for Larry who is said to have a net worth of $56.7 billion dollars, making him the 10th richest man in the world, and in a sense the richest man in the Caribbean, even though he is only a part-time resident.

Richard Branson

Sir Richard Charles Nicholas Branson.  Wow! That’s a long name, Sir Richard.  So I’ll just use the nickname that the employees at Virgin Enterprises sometimes call him.  That’s Doctor Yes.

Wondering why he’s called Dr. Yes?

Well, apparently he’s got a penchant for using that word around the employees.  Previously the nickname was Letsgo, but that’s a topic for this post.

Sir Richard Branson - Billionaire owner of Necker island in Caribbean

Dr. Yes is the most cheerful billionaire I can remember ever seeing.  I’m quite certain too that he must also have the title for the most adventurous billionaire on earth today as well.

Richard lives on Necker Island, which is a 74-acre island in the British Virgin Islands chain.

He’d bought this island sometime between 1978 and 1979 for a paltry $180,000 after having it offered to him just a year earlier for a whopping $6 million dollars.

One other thing about the purchase that’s worth mentioning is that he was just 28 when he acquired this little piece of paradise.

This fun-loving multi-billionaire was born in Blackheath London in 1950.  The eldest of 3 children born to Eve Branson and Edward James Branson.

During his early years, he didn’t have a jolly time in school it seems.  He has Dyslexia and didn’t have the greatest of academic performance.

A Day In The Life Of A Billionaire

At the age of 16 on his last day of school, his headmaster told him he would either end up a millionaire or in jail.

It’s a pity the headmaster wasn’t a betting man.  If he’s still alive today he could have been a very rich man if he’d taken a bet on those odds.

But then, maybe the good headmaster made such a pronunciation because at 16 little Richard was already a budding entrepreneur.

Having tried his hand at growing and selling Christmas trees and those cute little mini parrots that we call Budgerigars.

Branson Successes

While he was still only 16 he began his first successful business.

This was a magazine which he named Student, and one of the things that he did with Student was to advertise popular records in the magazine.  From there he started his record business.

Right from the church out of which he ran Student Magazine.  From there he moved on to open a record shop on Oxford Street.

Sir Richard Branson Charities

From this beginning Virgin Records was born in 1972, growing to become the world’s largest independent record label and an international brand by 1980.

In 1984 Virgin Atlantic Airways and Virgin Cargo were founded.  Then Virgin Holidays in 1985.

In 1993 he ventured into the railway business with Virgin Trains.  Then in 1996 he created V2 Records to replace the Virgin label which he had sold to EMI back in 1992.

The Virgin Group of which Sir Richard Branson is chairman has over 200 companies worldwide in many industries ranging from aerospace to retail.

Included among these is Virgin Galactic.  A company founded in 2004 with a vision of becoming the space-line for the earth and opening space for everybody on the planet.

Another interesting company is Virgin Oceanic which was initially intended to take people to the deepest parts of the ocean.

Richard Branson has done a lot of charitable and philanthropy work from the age of 17 when he got involved with the Student Valley Centre.

With all of this Mr. Branson now has a total net worth of $3.8 billion.

Richard Branson - Billionaire Fun in the Caribbean

Billionaires in Haiti

Gilbert Bigio

Gilbert Bigio was born in Haiti in 1935 and he still resides there today.  In the city of Port-au-Prince.  Mr. Bigio is currently thought to be the richest man in Haiti with a net worth that is said to stand at over $2 Billion.

The family comes from Jewish stock and their roots can be traced back to the city Livorno in Italy.

From where they migrated to Haiti in 1896.  Ever since arriving in their new country the Bigios’ have constantly been involved in local and export business ventures.

Gilbert Bigio - Said to be richest man in Haiti

Haiti’s richest man represents the third generation of that original family line that came over from Italy.

In 1972 Bigio diverted from the regular family business and was a part of a group of investors who started the Haiti Steelworks which was the first steel plant to open in Haiti.

Then in the 1980s, Bigio became the majority shareholder in the Steelworks.  The company then founded its own oil refinery for edible oil.

Today GB Group (GBG) as his company is called is quite diversified, with the main areas being Construction, Consumer Goods, Energy, and Telecommunications.

Mr. Bigio is the chairman of the Gilbert Bigio Group Foundation which serves as the charitable arm of Mr. Bigios business.

Gilbert Bigio Group of Companies

The main areas to which the foundation makes donations are social causes, education, and health.

In recent times the foundation has morphed into the Foundation Monique et Gilbert Bigio (FMGB) and has refined its focus, and its mission is to assist impoverished communities by providing lifelong learning and sustainable infrastructure.

Gregory Mevs

Mr. Gregory Mevs is the current CEO of the WIN Group.  One of the largest group of companies in the Caribbean region.  Founded by Fritz Mevs in the 1940’s WIN owns the largest privately held Industrial Park in the country of Haiti, encompassing about 2 million square feet.

The businesses operated by WIN include Terminal Verreus, a marine terminal that receives and stores over 70% of the fuel oils and edible oils used by the entire country of Haiti.

WIN’s other interests include facilities for storage, warehousing, and Ethanol processing.

Gregory Mevs net worth is said to be $1 Billion, making him one of the richest men in the Caribbean.

Richest people in the Caribbean - Gregory Mevs

Billionaires in Jamaica

Gordon Butch Stewart

This Jamaican Billionaire was born in Kingston, Jamaica on August 6, 1941, and it seems that at a very early age he developed an eye for business as at the age of 12 he used to catch fish and sell them to restaurants.

When he wasn’t fishing he was helping his mom in her small appliance dealership business.

Then about the age of 18, he went to England to further his studies.  Coming back to Jamaica after completion and landing a job at a trading company where he was the man in charge of the appliances department.

Gordon Butch Stewart - Self Made Jamaican Billionaire

After working for about 5 years and amassing a tidy little sum he saw a business opportunity and flew to the US to meet with the management at Fedders Air Conditioner Company.

When he got back to Jamaica he was in business, and that was the start of his company Appliance Traders Limited.  Which later blossomed into the ATL Group.

These days Mr. Butch Stewarts’ businesses not only include appliances, but also a car dealership ATL Motors Ltd., a national newspaper The Jamaica Observer and a chain of hotels spanning quite a few countries Sandals Resorts & Beaches Resorts.

Mr. Stewart has given back to Jamaica over the years.  Awarding funds to be invested in things like education, hospitals, and police stations.

Now with the creation of the Sandals Foundation which was the brainchild of his son Adam, there is so much more being done for people all across the Caribbean.

Gordon Butch Stewart - ATL Group of Companies

The Foundation aims to.

Empower lives with skills training, sports and health initiatives.

Encourage Dreams by providing both children and adults with the essential tools to help them to reach their full potential.

Cultivate tomorrow by raising environmental awareness and developing effective practices to teach future generations how to care for our Caribbean islands and their resources.

Mr. Butch Stewart as a result of his astute business acumen has earned the title of self-made Billionaire with a net worth that is valued at more than $1 Billion.

Joseph M. Matalon

This well-known businessman and philanthropist currently has the distinction of being the richest man in Jamaica right now.

Mr. Matalon was born in Kingston in 1959 currently holds the position of chairman at 8 companies including the family business ICD Group which he and his 6 brothers and 4 sisters started in 1962.

His newest chairmanship position came about earlier in 2019 when he was named the chairman of the RJRGleaner Group.

Joseph Matalon - Richest Man In Jamaica

This extraordinary business leader is also listed as a Director at a further 8 companies as well as holding positions at the Office of Utilities Regulation and the Youth Upliftment Through Employment program.

Quite surprisingly his first choice of possible careers as a student at school would have had him heading into the veterinary field.

But a realization on his part that he wasn’t too keen on the sciences saw him pursuing a degree in Economics at the London School of Economics.

After successfully completing his course of study he got a job at the Aluminium Company of America where he became involved in Sales.  Later being promoted to the Financial Controller position for his department.

When his employers decided in 1984 that they wanted to send him to work in the Amazon area of Brazil as Financial Controller at a new Aluminium plant, he decided not to take up that offer but to return home to the family business ICD instead.

16 years later he was appointed chairman at ICD.

The rest, as they say, is history.

ICD Group of Companies

Apart from his work in the business arena Mr. Matalon has also been working to better the plight of Jamaica’s youth.

His first involvement being with the St. Patricks Foundation.  Then with the Multicare Foundation which works with roughly 30 schools helping to enrich the curriculum of students in the areas of sports, as well as visual and performing arts.

Now his involvement has morphed to include the Youth Upliftment Through Employment program

Mr. Matalons’ current net worth is said to be $3.6 billion.  This has given him the honor of being the richest man in Jamaica and also the richest person in Jamaica as well.

Michael Lee-Chin

Michael Lee-Chin was born in 1951 in the town of Port Antonio on the outskirts of the beautiful parish of Portland in Jamaica.

Michael, like Mr. Stewart, is a Jamaican born billionaire who is self-made.

At the time that he was born, it was normal for single mothers to leave their young children and go to England to work in order to send money back to Jamaica so that the children could have a good life.

Richest People In The Caribbean - Michael Lee Chin

Michael’s mother was not like that.  She stuck with her kids through the hardships and with Michael’s stepfather worked multiple jobs to provide for the family.

He got his first taste of the world of work at the age of 14 when he got some work experience at the Frenchmans Cove Hotel as a part of the hotel’s landscaping team.

At 15 he spent the summer working in the engine room on the Jamaica Queen cruise ship.

From his childhood years, he proved himself to be bold and confident as his mother would often find him not at home but down at the docks in Port Antonio questioning the captains of the vessels that would come to dock there.

Also during his college years when he was almost totally out of money and had no source for money to pay his second-year tuition, he boldly approached Mr. Hugh Shearer who was the Prime Minister of Jamaica at that time.

As a result of that boldness, he walked away from the Prime Minister’s office with a scholarship worth $5000 per year for years 2, 3 and 4 of college.  That took care of his college expenses and even allowed him to send a little money back to his family from time to time.

After college circumstances put him on another career path totally different from the engineering that he did at school.  Instead of starting out as an engineer he started selling mutual funds.

His next move was at the age of 32 and saw him borrowing a half-million dollars for investment in Mackenzie Financial Corp.  Over the next 4 years, his holdings blossomed to 3.5 million dollars.

It was then that he bought AIC Limited with $200,000.00 of the proceeds from Mackenzie Financial.  He subsequently grew AIC into a multibillion dollar business.  Weathering all the storms that came at him, including the global recession of 2008.

NCB Bank - owned By Jamaican Billionaire Michael Lee Chin

In 2002 Mr. Lee Chin bought 75% of the shares in the National Commercial Bank in Jamaica.  In 2003 he established Senvia Money Services Inc.

Since then he has acquired controlling interests in several companies including:

The United General Insurance Company, which has since been renamed to Advantage General Insurance Company.

The CVM Communications Group

Wallenford Coffee Company

The Trident Hotel

Mr. Lee-Chin is an astute businessman, but he is also a philanthropist who has donated $30 million to the Royal Ontario Museum.

Through the N.C.B. Foundation, he has also made a $150 million Jamaican dollar commitment to fund programs that are aimed at improving educational opportunities for Jamaican youth.

The foundation has also launched the Adopt A School program which has seen all NCB branches and offices adopt a Jamaican primary school.

Since inception, the foundation has donated over $1 billion Jamaican dollars.

I believe it can be said that Mr. Lee Chin is a savvy businessman.  One whose net worth now stands at $2.6 Billion.

Paula Kerr Jarrett Wegman

Paula Kerr Jarrett Wegman is a well known Jamaican attorney at law and philanthropist.

She was born Paula Kay Bovell in Kingston Jamaica to parents Christopher and Michelle Bovell.

Her father Christopher is a former partner at Dunn Cox attorneys at law and currently a Consultant and Notary Public.

Paula Kerr Jarrett Wegman - Richest Jamaican Woman

On December 29, 1990 she wed Mark Kerr-Jarrett, Managing Director of Barnett Limited, whose ancestors had owned most of the land on which Jamaica’s second city Montego Bay now stands.

In May of this year, Paula wed again.  This time to Daniel Wegman.  CEO of the Wegman Grocery Stores chain from the USA.

In 1991 Mrs. Kerr-Jarrett herself was appointed as a Director of Barnett Limited.  This is the company that’s behind the Barnett Tech Park located in Montego Bay Jamaica, as well as other ongoing developments in the Montego Bay area.

The Tech Park consists of 10 fully serviced lots within a 46-acre complex intended for companies in the Business Process Outsourcing (BPO) sector.

Paula also serves on Jamaica’s Economic Growth Council and was just appointed Ambassador and Special Envoy for Investment and philanthropy.

This appointment would indicate an involvement in philanthropic activities, and indeed Mrs. Kerr Jarrett Wegman has had such an involvement over the years.

She established Hanover Hope, a non-profit organization whose focus is to uplift the communities of eastern Hanover using gifts of scholarships and other forms of educational programs aimed mainly at Primary and High School students.

She is also a Director of We Care for Cornwall which is another non-profit organization.  This time aimed at assisting, developing and equipping the major public hospital facility in Western Jamaica.

Mrs. Kerr Jarrett Wegman’s net worth is estimated to currently stand at $1 Billion, making her the richest woman in Jamaica at this time.

Get started with making your first million

Honorary Mention – Up and coming Jamaican Billionaire

I want to just mention a young man here. He’s not a Billionaire yet, but it can certainly be said that he’s on his way to becoming one of the Billionaires of Jamaica. He already has some amazing achievements in other areas of his life which has propelled him financially.
The man i want to mention here is non other than Mr Usain Bolt the fastest man alive.

Usain Bolt - Up and coming future Jamaican Billionaire

Source  – AgenciaBrasil    380 x 361

Author:    Fernando Frazão / Agência Brasil Creative Commons Attribution 3.0 Brazil License

Born Usain St. Leo Bolt in the little community of Sherwood Content in Trelawny, Jamaica nobody had a clue that this young man would grow up to become Lightning Bolt, the fastest man in the world, and currently one of the Richest Jamaican athletes.

Mr. Bolt has ventured into the business world and seems to be doing well. So far he has been involved in Real Estate developments, he’s the owner of the Tracks & Records chain of eateries and has a scooter mobility company whose business spans over 150 cities worldwide.

At the moment the Usain Bolt net worth is said to be $90 Million dollars, but i believe it could possibly be more.

It’s quite possible that this superstar’s net worth will grow at the usual Usain Bolt top speed which happens to be 27 mph while he’s on the athletics track. Let’s see if he can be one of the fastest Billionaires too.

I look forward to seeing him on the Jamaica Billionaires List.

Expensive Toys of the Richest people in the Caribbean

Billionaires in St. Kitts & Nevis

Dr. Myron Wentz

Dr. Myron Wentz is the founder, current chairman and former CEO of USANA Health Sciences.  A cellular nutrition company that produces nutritional products and dietary supplements.

The USANA business model includes a multi-level marketing aspect that allows persons to market its products and earn commissions as associates of the company.

Dr. Myron Wentz - St. Kitts Billionaire

His other business ventures include Gull Laboratories which he launched in 1974 as a one-man operation that developed a test for the Epstein Barr virus.

He sold his controlling interest in the company in 1992 but continued on as Chairman until 1998.

In 1998 he founded the Sanoviv Medical Institute, where he served as president until 2010.

Wentz was born in North Dakota, USA in the year 1940, but currently calls St. Kitts & Nevis home.  Having renounced his US citizenship in the mid-1990s to claim citizenship of that island nation.

Myron Wentz net worth is now estimated to stand at $1.4 Billion.

He has been involved in philanthropic endeavours over the years.  He donated $10 million dollars to North Central College.  Funds that were used to help with the construction of the Wentz Concert Hall at the college.

He was the inspiration for the USANA True Health Foundation.  A charity which aims to help those affected by crisis and natural disasters.

He also was integral to the foundation of the Wentz Medical Center and Laboratory in Uganda as well as the Wentz Medical Center in Cambodia.

Another facility bearing Dr. Wentz’s name was also created in the south-eastern African state of Malawi in 2006.

Jacky Xu

Mr. Jacky Xu is a 48 year old Singaporean billionaire businessman who lives in Guangzhou in the Peoples Republic of China.

Yes, I know. Right now you’re wondering just how a Singaporean person, now living in China can be a billionaire in the Caribbean.
I was a bit surprised and had that same question in mind when I learned about him and this other Chinese billionaire Wu Xu as well.

Jacky Xu - Billionaire in China With Ties In St. Kitts

In actuality, both are citizens of St. Kitts and Nevis by virtue of the policies of this Caribbean nation which allows foreigners to obtain citizenship when they invest in the country. Citizenship by investment is the name of this policy.

Mr. Xu is the majority shareholder in the company Trendy International Group, which is a fashion and lifestyle retail corporation that was founded in 1999.

Trendy International currently has 4 brands that can be found in most major shopping centres across China.
Before founding Trendy in 1999 Mr. Xu had previously founded VIPShop, an online outlet store and invested in a wine company along with Chinese billionaire businessman William Ding.

Mr. Xu’s net worth was $1.6 billion in 2012 and is now estimated to be $1.26 billion

Wu Xu

Wu Xu was born in China but now holds St. Kitts & Nevis citizenship as a result of the Citizenship by Investment policies of the St. Kitts government.

Mr. Xu is the chairman of the Chongqing Sincere Holdings Group which is one of the largest real estate developers in the city of Chongqing.

Wu Xu - Chongqing Real Estate Billionaire With Ties To St. Kitts

Before taking up the position at CSHG he worked in state run construction businesses.

Having been the chief engineer at Chongqing Business Management Station and Deputy Executive General Manager of the China Chongqing International Corp for Econ and Tech Cooperation.
Wu Xu’s net worth is currently estimated to be $1.2 billion

Pavel Durov The Telegram Messenger Man

Pavel Durov is like the Mark Zuckerberg of Russia. Born in Leningrad in 1984. He spent most of his early life living in Turin, Italy where his dad worked. He came back to Russia in 2001 where he completed his schooling.

In 2006, when he was only 22 years old he started the company VKontake a.k.a. VK with his brother Nikolai Durov.
Between that time and 2011, the brothers grew VK to a value of $3 billion. In that same year, Durov got into a bit of trouble with the then government of Russia who had requested the removal of certain pages from the VK site.

Pavel Durov - Billionaire Telegram Messenger Co-founder living in St. Kitts

Next came pressure in 2012 to sell a percentage of VK to Mail.Ru. Then by the end of 2013 Mail.Ru was able to acquire a controlling interest in VK. Finally in 2014 becoming sole owner of the company started by the Durov brothers.

The final straw came in April 2014 when Pavel refused to hand over data on Ukrainian protesters to the authorities. He was dismissed as CEO of VK five days later.

Soon after both brothers left Russia and acquired St. Kitts & Nevis citizenship, but before leaving they founded another innovative company.

This time a nonprofit. Telegram Messenger LLP is an independent nonprofit located in Berlin, Germany.

Founded by Pavel and Nikolai Durov, Telegram offers a free encrypted messenger service. This is. in reality. a Whatsapp alternative and in fact, could actually be better than Whatsapp itself.

Would you like to try the secure Telegram Messenger yourself? If your answer is yes then I’ve provided links for you to download telegram for both your computer and mobile devices running on either Android or Apple.

Telegram Download for Windows computers, and for Apple computers.

Download for Android mobile devices, and for Apple devices

Pavel Durov’s net worth is estimated to be $2.7 billion.

Perenna Kei Hoi Ting

Born in Hong Kong in 1990, this young billionaire is another recipient of St. Kitts citizenship by virtue of investment in the local economy.

Richest People in The Caribbean - Perenna Kei Hoi Ting

Perenna who in 2014 was lauded as the youngest billionaire at that time is the majority owner of Logan Property Holdings Co. Ltd. A major Real Estate Development Company with offices in Shenzen, China. Hong Kong and Singapore.
Her net worth is said to be $1.3 billion.

 Billionaires in Trinidad & Tobago

Imtiaz Ahamad

Mr. Imtiaz Ahamad is a Trinidadian billionaire who serves as Chief Executive Officer of Southern Sales and Service Company Limited.

Imtiaz Ahamad - Trinidad Billionaire

He is also a Non-Executive Director of Guardian Holdings Limited, a Director of Automobile Sales Limited, CIC Insurance Brokers Limited, CIC Holdings Limited, and the UWI Campus Council.

Mr. Imtiaz Ahamads Net Worth is said to be $2.7 billion

Roodal Moonilal

Dr. Roodal Moonilal is a distinguished Trinidadian who has had the honor of serving the Trinidadian people as a Government Minister and Member of Parliament.

Roodal Moonilal - Trinidad Billionaire

He was also one of the founding members of the United National Congress, serving as its first Youth Affairs Officer.

Roodal who was born in Trinidad in 1966 has also held positions as an educator at the U.W.I. and the Institute of Social Studies in the Netherlands.

Currently, Dr. Roodal Moonilal is estimated to have a net worth of around $3.5 billion, making him the richest man in Trinidad and Tobago.

Helen Bhagwansingh

Helen Bhagwansingh is a Trinidadian billionaire entrepreneur.  She is currently head of the Bhagwansingh Group of Companies in Trinidad.

The Group has subsidiaries in the hardware and steel industries, also covering the areas of aluminum extrusion and construction.

Helen was born in 1940.  The eldest of 4 siblings born to Daniel and Vilna Ramoutarsingh in the town of Marabella, which lay somewhere between San Fernando and Pointe-à-Pierre.

Helen Bhagwansingh - Richest person in Trinidad

Helen’s dad was an entrepreneur himself, operating a hardware in San Fernando.  At the age of 11, Helen was placed in charge of the Bicycle repair department of the business.

She ran this successfully until the age of 19 when she got married to Hubert Bhagwansingh.

She then operated a cinema business for another 8 years before going back to help her father in the family business, eventually taking over as the head of the business and growing it into the empire that it is today.

Mrs. Bhagwansingh has been a regular contributor to many charities over the years and even established a trust for Diabetes Education, Research and Prevention to which she donated $5 million dollars.

It seems billionaires run in the Ramoutarsingh family as Helen’s brother Jack who died in 2007 had amassed a net worth of $4.7 billion

Helen Bhagwansingh has a net worth of $5.5 billion dollars.  Making her both the richest woman in Trinidad, and overall the richest person in Trinidad as well.


Some of the billionaires in Jamaica, the Caribbean and indeed all around the world started their journeys from fairly humble beginnings.  Take Mr. Butch Stewart of Jamaica for example.

He came from humble beginnings and even had to suffer the indignity of being pulled from boarding school at Campion College because his parents could no longer afford the fees to keep him there.

His humble beginnings though didn’t deter him from successfully working his way to success and fortune later on in life..

At a very early age he learned how to use very creative means to make money.  One of these creative methods that he employed in his early years was to buy old cars, fix them up and sell them for a profit.

Another amazing rags to riches story and one of my favorites is the story of Jack Ma.

This one is not even from the region but I just love this story.  It’s the story of Jack Ma Co Founder and Chairman of the  Alibaba Group, which includes Alibaba and AlieXpress, two of the biggest online e-commerce companies on earth today and TaoBao another online shopping website.

Jack Ma - Richest man in China

Jack came from quite poor origins.  Born to parents who were traditional musician – storytellers from Hangzhou he had his share of failures having failed his Primary school exams twice. his Middle school exams thrice, his University entrance exams thrice and being the only rejected applicant for a job at KFC China of 24 applicants.

He also failed twice on his initial business ventures.

But Jack didn’t allow poor beginnings and his many early failures to stand in his way when he came back from a trip to the US where he had encountered the internet and computers for the very first time.

When he got back to China he started Alibaba from his little apartment.  From that humble beginning Jack has grown Alibaba to what it is today.  Making him the richest man in China.  With a net worth of $37 million.

You can become wealthy too

So it doesn’t matter where you start out in life.  The parents you have don’t matter.  Failures you’ve experienced don’t matter.

You too can achieve success if you have the determination, the will, and the drive to succeed.

Internet and technology related businesses represent one very good way to amass wealth.  Even if one doesn’t quite earn a billion dollars, with the right business one can achieve wealth.  One reason this is so is the huge potential reach of an online business.

With an internet based business you can literally have the world as your marketplace.  Currently, over 4 billion people worldwide are online.  Let’s say one person in every 1000 were to see your business online and interact with it.  That would be 4 million potential customers.

Ok, let’s say one person in every 2000.  That’s still 2 million potential customers worldwide.

Do you catch my drift?  An internet business of your own can mean huge success for you.  But first, you need to learn about operating a business online.

I can help you there.  Start the same way that i started my own internet business.  With a free 10 lesson course that outlines what you need to do in the initial start up stages of your own online business.  I started right there.  I liked it and i continued on to learn more about doing business online.

Get access to your own free 10 lesson course by clicking here.  What you will learn is going to be of great help in your business journey online.

Please comment and share this post with your friends and acquaintances.

Have a great day.

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Categories: Make Money


Jagi · at 7:59

Wow! A pretty intense study on billionaires. I, too, wonder what it would feel like to have that much money. I would keep it private, though. I agree I can make money online, which I’m doing with my niches site. It may seem others got a headstart, but if I keep plugging away, I will be able to give my family a comfortable life. 

    admin · at 7:35

    We all wonder what a Billion would feel like in our coffers Jagi. With this post the intent was just wanted to show that there are Billionaires in the Caribbean too. So keep plugging away at your niche site. You may not end up being a Billionaire but at least you will earn an income to keep your family comfortable.

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