OFFICIAL BLOOMBERG LIST: Top 10 Richest People in St Vincent and the Grenadines & Their Net Worth, As At June 2019

03. Frederick Ballantyne – $16.3 Million

Sir Frederick Nathaniel Ballantyne, GCMG (born 5 July 1936) is the Governor-General of Saint Vincent and the Grenadines. A trained cardiologist and former chief medical officer of the country, he was appointed governor-general on 2 September 2002. He succeeded Dame Monica Dacon, who had been acting in the position after the death of Charles Antrobus.

Ballantyne was born on 5 July 1936, as his parents’ only child.[3] His father owned a small hotel, and he has described himself as “from a business family”.[4] Ballantyne was the first member of his family to attend high school.[5] On the advice of an acquaintance who had studied medicine in the United States, he chose to attend university in that country (rather than in Britain or Canada, as was usual for Vincentians at the time). He completed an initial degree in chemistry at Howard University (in Washington, D.C.), and then went on to the SUNY Upstate Medical University (in Syracuse, New York) to study medicine.The “sole black individual” enrolled in the medical school, Ballantyne was elected to student government in every year of his degree, and in his final year was elected student body president.[6] He interned in at the Montreal General Hospital after graduation, and then completed his residency in internal medicine in Rochester, New York, followed by a fellowship in cardiology.

Upon returning to Saint Vincent in 1971, Ballantyne was “the most highly trained physician on the island”. He was consequently appointed chief of medicine at the newly constructed Kingstown General Hospital (now called the Milton Cato Memorial Hospital).[5] Ballantyne oversaw upgrades in the facilities of both the hospital and regional health clinics, with one of his first priorities being to expand the hospital’s immunisation program. He also instituted the hospital’s Visiting Specialist Program, which recruited overseas medical specialists to volunteer in Saint Vincent’s hospitals in exchange for free accommodation in the country’s resorts.[2] In 1985, Ballantyne was appointed Saint Vincent’s chief medical officer, serving in the position until 1992.

He remained involved in medicine after his official retirement from practising, in a consulting role.[5] Outside of his career in the medical field, Ballantyne had business interests in several other areas. Prior to being appointed governor-general, he served as president of the Millennium Bank, an offshore bank registered in Saint Vincent,[8] and also as president of Dimethaid International Inc., a pharmaceutical company registered in Barbados.[9] He was also the founder of International Business Services Limited (IBS), a financial services provider now run by his son, Marcus,[10] and a co-owner of the Young Island Resort, a tourist resort on a small island off Saint Vincent’s southern coast.

8 of 10