Meet The Caribbean’s Only Billionaires

Author:  NAN Staff Writer
News Americas, NEW YORK, NY, Mon. Mar. 27, 2017: The Caribbean has gone from zero to two billionaires according to the latest rich list from Forbes Magazine. Even though both billionaires were not born in the Caribbean, both claim Caribbean citizenship in the island nation of St. Kitts and Nevis, thanks to the country’s Citizenship by Investment Program.

Jacky Xu2They are:

Jacky Xu is a 32-year-old Singaporean-born business man, investor and philanthropist. He is the Chairman of the Board of Colour Face International Limited, Early Childhood Holdings Limited and Leadership Management and through them operates one of the Singapore largest vocational training institution.

He also runs and owns most of Trendy International, a popular apparel company with brands that include Ochirly and Five Plus. L Capital, a private equity group backed by French luxury goods giant LVMH, bought a reported 10 percent of Trendy in 2011 for $200 million. Xu’s current net worth is put at US $3 billion making him the 660th richest person in the world, according to Forbes and the richest in the Caribbean region.

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