Michael Lee Chin, Chairman of Jamaica's National Commercial Bank (NCB), has remained off the Forbes magazine billionaire listing for the third straight year, since he was last named among the world's wealthiest individuals by the influential journal.
Mr. Lee Chin was last valued by Forbes, as being worth US$1 billion dollars, in 2009.
His net worth was judged to be as high as US$2.5 billion in 2005, but that figure had steadily declined.
While Lee Chin's wealth has been declining, Denis O'Brien, Chairman of Digicel, the telecommunications company, has continued to profit handsomely from his holding of the Kingston based mobile phone firm, which operates in the Caribbean, Central America and the Pacific.
Forbes estimates that Mr O'Brien is worth US$5.2 billion which ranks him as the 233rd wealthiest person on the planet.
The world’s richest man is Carlos Slim, chairman and chief executive of telecommunications companies Temex and American Movil, which had owned Claro, another Jamaica based phone company, before selling it to Digicel.
Mr Slim, who is estimated to have a net worth of US$73 billion, is holding the top spot for the fourth consecutive year, and is followed by Microsoft Chairman, Bill Gates, who is believed to be worth US$67 billion.
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