Richest men and women in Jamaica 2022
Table of Contents
Jamaica is a Caribbean island country that stretches between the Caribbean Sea in an area of 10990 square kilometers and is known as one of the largest islands in the world. This country has gained prominence through the prominence of reggae music. It is the home of popular reggae musician Bob Marley.
Jamaica has a gross domestic product of $15 billion with GDP growth of 0.7%. The country's population is estimated at 4.8 million people and the unemployment rate is around 12.2%. It is a well known fact that the Jamaican economy is entirely dependent on services and services account for more than 70% of gross domestic product.
Jamaica gets most of the foreign exchange coming into the country from remittances and tourism. The only problem in Jamaica is that the high unemployment rate transforms and increases the crime rate in the country, leading to premature toll fraud and gang violence.
Regardless of Jamaica's economic state, there are also rich and influential people in the country. The fact is that not only the business people in Jamaica are rich, but also the diversity of the musicians there.
In this post, we take the time to analyze thatTop 10 richest Jamaicans in the worldand her wealth. This is a breakdown of the net worth of therichest and most influential Jamaicans in 2022.
Top 10 richest people in Jamaica 2022
Here are theRichest people in Jamaica 2022 and net worth:
- Jimmy Cliff's 2022 Net Worth - $10 million
- Shaggy Net Worth 2022 - $14 million
- Joseph John Issa Net Worth 2022 - $16 Million
- Chris Blackwell's 2022 Net Worth - $180 Million
- Paula Kerr-Jarrett's 2022 Net Worth - $1 Billion
- Wayne Chen Net Worth 2022 - $1 Billion
- Gordon 'Butch' Stewart Net Worth 2022 - $1 Billion
- Blossom O’Meally-Nelsons Nettowert 2022 – 1 Milliarde US-Dollar
- Michael Lee-Chin's 2022 Net Worth - $2.5 Billion
- Joseph M. Matalon Net Worth 2022 – US$3.6 Billion
10. Jimmy CliffNet worth 2022– 10 million dollars
Jimmy Cliff, OM is the only living artist with a Order of Merit. He was born on April 1, 1948 in Somerton, Jamaica. He is a well-known reggae guitarist, singer, actor and multi-instrumentalist from Jamaica. Songs like "Wonderful World, Beautiful People", "Hakuna Matata", "Reggae Night", "You Can Get It If You Really Want", "I Can See Clearly Now", "The Harder They Come" and "Wild World" . ' made him famous. Jimmy has also appeared in films such as The Harder They Come and Club Paradise. He was also one of five artists inducted into the Rock and Roll Hall of Fame in 2010.Jimmy is one of Jamaica's richest people of 2022, with a net worth of $18 million.
9. GoofyNet worth 2022– 14 million dollars
Shaggy is the stage name for Orville Richard Burrell's CD. He is a DJ and reggae singer who is both Jamaican and American. He was born on October 2, 1968 in Kingston, Jamaica. Shaggy is known for hit singles like "Oh Carolina," "It Wasn't Me," "Bombastic," and "Angel." He is the second richest Jamaican musician in the world with a net worth of $22 million (as of 2022) and also one of theRichest people in Jamaica 2022.
8. Joseph John NowNet worth 2022– 16 million dollars
Joe Issa is the chairman of the all-inclusive resort chain SuperClubs and vice chairman of Gleaner Co. He is the founder of the Cool Company, a multi-billion dollar conglomerate with more than 50 companies. More than 30 years ago, Issa is credited with bringing the all-inclusive idea to Jamaica. He's one of themRichest people in Jamaica 2022.
He pitched the idea during the 1970s tourism slump when many hotels were struggling to make ends meet. It was and is a huge success. He is also dedicated to helping the community, especially children from underserved areas, with their education. "I was born into a wealthy family and I can't imagine what it would be like to go to school without lunch or books," he said.
7. Chris BlackwellNet worth 2022– $180 million
He comes from a wealthy family who made their fortunes in sugar and Appleton Rum. He established himself as a music mogul more than 50 years ago. Its meteoric rise included bringing reggae to the rest of the world. Ike and Tina Turner, Bob Marley and the Wailers, Burning Spear and Black Uhuru were among the musicians he worked with. He founded Palm Pictures and founded the Golden Eye Film Festival, which honors Jamaicans who excel in the arts and music. In 2004 he received the Order of Jamaica for his outstanding service to the film industry. The Blackwell Fine Jamaican Rum name was inspired by the Blackwell family. Blackwell currently runs Island Outpost, a conglomerate that operates a group of resorts in Jamaica and the Bahamas. According to financial reportsChris Blackwell has an estimated net worth of $180 millionmakes him one of theRichest people in Jamaica 2022.
6. Paula Kerr-JarrettNet worth 2022– 1 billion dollars
Paula is an attorney, philanthropist and a well-known figure in Jamaican society. She and her husband Mark work to increase tourism in Montego Bay. They proposed a multibillion-dollar partnership project two months ago to build 1,200 homes, a 48-hectare technology park with a huge information technology space that would create 30,000 jobs, and a new University of the West Indies with up to 10,000 students. The investment value of the project is estimated at 500 million US dollars. Marion Louise Reece Bovell, her great-grandmother, was the first woman in Jamaica to stand as an independent candidate in the 1944 general election. Kerr-Jarrett is linked to the Jarrett family by marriage.
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5. Wayne ChenNet worth 2022– 1 billion dollars
Wayne Chen, the CEO of Super Plus Food Stores, is also the driving force behind a major expansion in Jamaican retail. Super Plus is a large retail chain that operates at least 30 stores across the island.
He is one ofRichest people in Jamaica 2022. Among other things, he is Chairman of NCB Insurance Co. Limited and West Indies Trust Co. Limited. He is also a director of NCB (Cayman) Limited, AIC (Barbados) Limited and Christiana Town Center Limited. He is also the younger brother of Michael Lee-Chin, a billionaire.
4. Gordon „Butch“ StewartNet worth 2022– 1 billion dollars
Stewart is Chairman of Sandals Resorts International, The Jamaica Observer and more than 20 other companies that are part of the Appliance Traders conglomerate, which is one of the largest private sector conglomerates in the Caribbean.Stewart has a net worth of $1 billionmakes him one of theRichest people in Jamaica 2022. At the age of 12 he borrowed his father's fishing boat and began selling his catch of the day and transporting the rich and famous between their anchored yachts and the harbor front. He says he learned the elements of success during that time.
3. Dr. Blossom O’Meally-NelsonNet worth 2022– 1 billion dollars
O'Meally-Nelson is Jamaica's first woman Postmaster General. She was the former Chancellor and Chair of the Council of the Technical University (UTECH). Building on her impressive track record in public service, O'Meally-Nelson enters the private sector with a family-run logistics company, Aeromar Group. She is one ofRichest people in Jamaica 2022and thereichste Frau Jamaica.
2. Michael Lee-ChinNet worth 2022– $2.5 billion
He's a self-made billionaire who began his career as a highway engineer for the Jamaican government and worked his way up to become the chairman and founder of Portland Holdings, a thriving privately held investment firm in the Caribbean. Lee-Chin is also Executive Chairman of AIC Limited and National Commercial Bank. Lee-Chin, a Jamaican-Canadian, was born in Port Antonio, Portland Parish and holds interests in National Commercial Bank Jamaica and Total Finance in Trinidad and Tobago. According to Forbes, his personal real estate portfolio includes 250 acres of beachfront land in Ocho Rios, Jamaica, as well as homes in Canada and Florida. He hasn't been on Forbes' billionaires list in four years, despite having a net worth of $2.5 billion as of 2005.
1. Joseph M. Matalon Net Worth 2022 – US$3.6 Billion
Matalon is one of the leading leaders in Jamaican business and part of a family with decades of heritage of successful business practices. He is Chairman of the ICD Group, a Jamaican private equity firm. For more than 20 years, his knowledge and expertise in the areas of transactional finance, investments and banking has been used in various institutions.Joseph Matalon is the richest man in JamaicaWitha net worth of $3.6 billion.
He is Chairman of the British Caribbean Insurance Co., the Development Bank of Jamaica and President of the Private Sector Organization of Jamaica (PSOJ). He is also a director of Gleaner Co. and Commodity Service Co. and a former director of the Bank of Nova Scotia (Jamaica Limited). In addition, he served on a number of special committees to advise the government on financial and economic matters.
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FAQs
Who is the richest person in Jamaica West Indies? ›
Matalon – $3.6 billion. The richest person in Jamaica is Joseph M. Matalon, with a net worth of $3.6 billion. The compensation he receives as Chairman of ICD Group Holdings has helped him amass his wealth.
Who are the ten richest persons in Jamaica? ›There are several billionaires in Jamaica. Some of the names featured on the billionaire list include Joseph M. Matalon, Michael Lee-Chin, Blossom O'Meally-Nelson, Gordon 'Butch' Stewart, Wayne Chen, and Paula Kerr-Jarrett. 3.
Who is the richest girl in Jamaica? ›Jamaica's Richest Woman Trisha Bailey.
Where does the rich live in Jamaica? ›Some of the Richest Neighborhoods in Jamaica: Smoky Vale, Kingston and St. Andrew | Jamaica house, Jamaica, Caribbean homes.
Is Jamaica rich or poor? ›Jamaica. The largest and most populous English-speaking country in the Caribbean, Jamaica is also one of the poorest countries in North America despite being considered an upper-middle-income country by the World Bank.
Who was the first black millionaire in Jamaica? ›1881. The Rectory was sold to George Stiebel. The Devon House mansion was then built by Stiebel, Jamaica's first black millionaire, who earned his riches through gold mining in South America.
How wealthy is Jamaica? ›Indicators of economy in Jamaica
Worldwide gross domestic product in 2021 was at about 12,230 USD per capita. GDP in Jamaica, on the other hand, reached USD 5,184 per capita, or 14.66 billion USD for the whole country. Jamaica is one of the smaller economies and is currently ranked 131.
Françoise Bettencourt Meyers – $74.1 Billion
Françoise Bettencourt Meyers is currently the richest woman in the world with a net worth of $74.1 billion, per Forbes. She originally inherited her wealth from her grandfather's business ventures, specifically from L'Oréal cosmetics.
So for a typical 2-bedroom house in Jamaica, which is usually 900 square feet, the cost would be approximately: $81,000 USD or 12.15 million JMD for low end finishes, and. $117,000 USD or 17.55 million JMD for high end finishes. The average cost though is $100 USD per square foot or 90,000 USD or 13.59 million JMD.
What is the name of the richest country in world? ›
| Rank | Country | Adjusted GDP/capita |
|---|---|---|
| 1 | Luxembourg | 134,545 $ |
| 2 | Singapore | 116,486 $ |
| 3 | Ireland | 106,351 $ |
| 4 | Qatar | 101,950 $ |
| No. | Name | Net worth (USD) |
|---|---|---|
| 1 | Elon Musk | $219 billion |
| 2 | Jeff Bezos | $177 billion |
| 3 | Bernard Arnault & family | $158 billion |
| 4 | Bill Gates | $129 billion |
Jerry Seinfeld is the wealthiest actor in the world with a net worth of $1 billion.
What is the nicest city in Jamaica? ›Montego Bay
Montego Bay has some of the island's best beaches, but also the most touristy. Apart from being a major cruise port, it's a playground for the rich and famous, with luxurious resorts, undulating golf courses, and glorious white sand beaches. What is this?
Cherry Gardens With some homes that are upwards of US$1 million, Cherry Gardens is one of the most-coveted neighborhoods in Jamaica.
What makes Jamaicans rich? ›Jamaica's economy relies heavily on tourism, which has become one of the country's largest sources of foreign exchange. Significant Spanish investment in the early 21st century joined U.S. and local capital in the tourist sector.
Is Jamaica cheap to live? ›In Jamaica, it is estimated that the cost of living is approximately 25% less than in the U.S., and rent in Jamaica is approximately two-thirds cheaper than rent in the U.S. Excluding rent or mortgage, an individual may need just under US$700 to live comfortably in Jamaica each month.
What country owns Jamaica? ›Jamaica became independent on August 6, 1962, remaining a member of the British Commonwealth. The United States recognized Jamaica's independence on August 16, 1962, with the establishment of the American Embassy at Kingston.
What is Jamaica biggest problem? ›Overview. Jamaica's political system is democratic and features competitive elections and orderly rotations of power. However, corruption remains a serious problem, and long-standing relationships between officials and organized crime figures are thought to persist.
What was the first race in Jamaica? ›The first Jamaicans were the Taino Indians who settled in Jamaica around 600 AD. They were stone–age peoples who had migrated to Jamaica from the northern coast of South America.
Who owns the Bank of Jamaica? ›
It is wholly owned by the Government of Jamaica. The Bank's authorised share capital of J$4 million has been subscribed and fully paid up by the Government. Can I invest money with Bank of Jamaica?
Who was the first Black female billionaire? ›CBS: The Rise and Success of the First Black Female Billionaire Sheila Johnson.
Which state is richest in USA? ›Did your state make the cut? Maryland may have a relatively low median home value compared to many other places in the United States, but the Old Line State has the highest median household income in the country, making it the richest state in America for 2022.
Who is the richest Jamaican sportsman? ›Jamaican sprinter Usain Bolt is still known as the fastest man alive and one of the richest athletes.
Who is the first richest man on Earth? ›On September 29, 1916, Rockefeller became the first person ever to reach a nominal personal fortune of $1 billion (equivalent to $17 billion in 2021). Rockefeller amassed his fortune from the Standard Oil company, of which he was a founder, chairman and major shareholder.
What are Jamaican gangsters called? ›Jamaican Posse members are known for gun battles with the police and drive-by shootings in disputes with rival gangs over drug turf, as well as for ritualized murders of members who "rip off" profits on drugs. Posse members have little regard for public safety or human life.
Is Jamaica more poor than Mexico? ›Is Mexico more poor than Jamaica? Mexico has a GDP per capita of $19,900 as of 2017, while in Jamaica, the GDP per capita is $9,200 as of 2017.
How strong is Jamaica military? ›...
Jamaica Military Size 1985-2023.
| Jamaica Military Size - Historical Data | ||
|---|---|---|
| Year | Number of People | Annual % Change |
| 2019 | 6,000.00 | 0.84% |
| 2018 | 5,950.00 | 48.75% |
| 2017 | 4,000.00 | 1.27% |
1 USD = 152.029447 JMD Jan 16, 2023 09:10 UTC.
How much does $1 US Value in Jamaica? ›Dollar to Jamaican Dollar Exchange Rate Today, Live 1 USD to JMD = 152.5628 (Convert Dollars to Jamaican Dollars)
Is 1 US dollar a lot in Jamaica? ›
US dollars are widely accepted on the island but you will pretty much always pay more than if you paid in Jamaican dollars. 5. The exchange rate while we were in Jamaica was about ~J$117 to US$1.
Who is the youngest billionaire in the world? ›Kim Jung-Youn, the teenage daughter of Kim Jung-Ju who founded the online gaming company Nexon, is the youngest billionaire in the world as of November 2022.
Which city has the most billionaire? ›| City | Country | Region |
|---|---|---|
| New York | United States | North America |
| Beijing | China | Asia |
| Hong Kong | Hong Kong | Asia |
| London | United Kingdom | Europe |
Lydia of Thyatira - Wikipedia.
Is there a Walmart in Jamaica? ›4. Jamaica does not have Walmart. We have Megamart and Pricemart, which are like Sam's club or Costco. I repeat there is no Walmart in Jamaica.
Does Jamaica have free healthcare? ›Public Healthcare in Jamaica
Jamaica has around 30 to 40 hospitals and clinics. Most of them fall under the public sector. These hospitals offer services to its citizens and residents, at no cost.
You do not need a visa for tourist travel up to 90 days. All other travelers will need a visa and/or work permit.
Who is the richest in Jamaica 2022? ›Joseph M.
Matalon is the richest man in Jamaica, with a net worth of $3.6 billion. He has built his fortune with the salary he receives as the Chairman of ICD Group Holdings.
Jamaican sprinter Usain Bolt is still known as the fastest man alive and one of the richest athletes. In 2018, Bolt was ranked at No. 45 on Forbes Magazine's list of the 100 richest athletes in the world. He earned $31 million in 2017, when he officially retired.
How rich is Jamaica in the Caribbean? ›| Caribbean Country | GDP Per Capita Income (USD) |
|---|---|
| St Vincent | 7,145 |
| Dominican Republic | 7,052 |
| Dominica | 6,719 |
| Jamaica | 5,114 |
Are there any millionaires in Jamaica? ›
Some of the island's international music stars also count in this elite group of millionaires. They include Shaggy (Orville Burrell), Sean Paul, Jimmy Cliff, Ziggy and Damian Marley and a few others. Their world class music coupled with a business acumen have earned them valuations ranging from US $6 to $22 million.