Lascelles Chin Death: Lascelles Chin, the visionary founder and esteemed executive chairman of the Lasco Group of Companies, has passed away.
On Friday night, Chin passed away in Florida while being surrounded by relatives. At the age of 86, he passed away.
Lasco Distributors Ltd. was established by Chin in 1988. In 2001, he was bestowed with the Order of Jamaica, which is regarded as the fourth highest civilian honor in the country.
The individual in question was bestowed with two honorary degrees, namely Doctor of Laws and Doctor of Humane Letters, from the University of Technology, Jamaica and Northern Caribbean University, respectively.
Who is Lascelles Chin? Wikipedia, Net Worth
Jamaican entrepreneur, Lascelles Chin, has garnered significant acclaim for his role as the founder and Executive Chairman of the LASCO Affiliated Companies.
The late businessman began his entrepreneurial journey as early as 1956. In 1958, Chin began importing black pepper from various Asian countries and peas from Portugal and the United States.
Chin’s enterprise proved to be a remarkable success, catapulting him to the position of the most extensive trader of black pepper on the island.
Chin, a man who had been thriving in his life, tragically passed away on Saturday night at the age of 86. Prior to delving into his career earnings, it is imperative to examine his net worth, which has become a topic of concern following his passing.
The late Lascelles Chin has left behind a substantial net worth, however, the exact amount of his fortune is currently under review. As of the time of writing, none of the verified media outlets have disclosed the details surrounding Chin’s wealth.
Chin’s true net worth remains unknown due to the absence of concrete information. It is rumored that Chin led a luxurious lifestyle, thanks to his substantial financial resources.
In addition, it has been reported that Lascelles amassed a substantial fortune through his successful career as a prominent entrepreneur. The individual in question had established and held the position of Executive Chairman for the LASCO Affiliated Companies.
Lasco-affiliated companies operating in the financial services and distribution sectors have reported impressive revenue and net profit figures for the fiscal year ending in March 2018. Lasco Financial Services has reported a significant increase in its financial performance, with a net profit of $254 million on earnings of $1.6 billion. This translates to a 35 percent rise in net profit and a 51 percent rise in revenue.
The entrepreneur’s various ventures were experiencing significant growth and generating substantial profits. It is evident that Lascelles reaped substantial profits from his business venture.