Sir James Arthur Ratcliffe FIChemE who was born on the 18th of October 1952 is a British billionaire, chemical engineer, and businessman. Ratcliffe is the chairman and chief executive officer (CEO) of the INEOS chemicals group, which he founded in 1998. The company is estimated to have had a turnover of $65 billion in 2021
Ratcliffe was a co-founder of Inspec, which leased the former BP Chemicals site in Antwerp, Belgium. In 1998, Ratcliffe formed INEOS in Hampshire to buy-out Inspec and the freehold of the Antwerp site.
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The British billionaire is keen on sport and in 2013, he completed the Marathon Des Sables across the Sahara Desert, and he founded a charity “Go Run for Fun”, encouraging thousands of children aged between five and ten to get active by creating celebrity-driven events.
He supported the 2019 INEOS 1:59 Challenge, a successful effort by Eliud Kipchoge to run the classic marathon distance (42.195 kilometres or 26 miles 385 yards) under 2 hours. Another charity, the Jim Ratcliffe Foundation, helped build a new ski clubhouse in Courchevel to help underprivileged children learn to ski.
He purchased Lausanne-Sport, a Swiss Super League club, in 2017. Through INEOS, he bought Nice in 2019 from Chinese-American entrepreneur Chien Lee
Sir Jim Ratcliffe interested in a Man Utd takeover
However, it was also reported that in the month of August 2022, Ratcliffe expressed interest in buying the Premier League club Manchester United, a team he has supported since childhood. The following January, INEOS announced publicly that it had entered into the formal process of bidding for Manchester United after the current owners announced it was looking for new investors. And on the 24th of December 2023, Manchester United announced that Ratcliffe had acquired a 25 percent stake in the club, marking a significant development, as INEOS Sport assumed control over football operations.
Jim Ratcliffe source of income
Sources has reported that Sir Jim is the founder, chairman and majority owner of British petrochemicals empire Ineos. The firm says it generates $65bn (£52.6bn) of revenue every year. A former chemical engineer, Sir Jim founded the company in May 1998 to lead the buyout of a BP chemicals business.
Jim Ratcliffe’s net worth?
The Sunday Times ‘Rich List’ in 2022 had Sir Jim Ratcliffe’s personal fortune estimated at £6.075 billion ($7.4bn), listing him as the 27th richest person in the world.
With his business interests added to the pot, he is understood to be worth around £13bn ($15.6bn).