Sold! Michael Lee Chin earns $62million profit from AHPO mega yacht sale

2 years ago

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Billionaire Michael Lee Chin has sold his $300 million AHPO mega yacht for a $62 million profit.

Michael Lee Chin sold the mega yacht to Pro Hockey billionaire, Patrick Dovigi, founder and CEO of Green For Life Environmental, a Canadian waste management company.

Known as the floating five-star resort, the AHPO mega yacht was sold for a whopping $362 million whereas its original purchase price was $300 million.

Rear view of the AHPO

It’s noted that the 377.6-foot yacht was delivered to Lee Chin in December 2021 after being built by German shipbuilder Lürssen. It was later renamed ‘Lady Jorgia’ after the finalisation of the biggest brokerage deal in history.

The vessel has fancy amenities like a massive IMAX cinema, a duplex owner’s suite, and two helipads, Turkish Hammam and a winter garden, to name a few. It can accommodate a large group of 16 with over 20 crew members. The yacht has eight staterooms and it also boasts a huge professional gym.

IMAX cinema inside the AHPO Mega yacht

The sale of the mega yacht is another step by business mogul Lee-Chin, as he continues to offload more of his assets.