Some of the leading scientists in the U.K. have written an open letter to the country's 100 wealthiest families, asking for an "extraordinary increase" in their funding for environmental causes, a week after research shows that climate change will make them poorer. Ineos, which is run by founder and British billionaire Jim Ratcliffe, said it had signed a memorandum of understanding with Hyundai to explore producing and supplying hydrogen for commercial use. Sir Jim recently said that he looks forward to Britain throwing off the shackles of Brussels when we finally quit the EU. All Rights Reserved, Photo by Steven Paston/ZUMA Press/Newscom. Sir Jim Ratcliffe, the UK's richest person, has moved to tax-free Monaco, according to a document published by one of his companies. But the 66-year-old came from humble beginnings. An adventure seeker, Ratcliffe has made trips to both the North and South poles, and went on a month-long motorbike trip in South Africa in 2015. To see all content on The Sun, please use the Site Map. View our online Press Pack. Britain's richest man Ratcliffe, 66, has a net worth of £21bn By Adam Shergold for MailOnline Published: 05:31 EST, 19 March 2019 | Updated: 11:45 EST, 19 March 2019 Jim Ratcliffe is a fracking and chemicals entrepreneur who has topped chart of the UK's wealthiest 1,000 … Ratcliffe dropped to 5th richest after his net worth reduced by £6bn (boo hoo). However, in July fresh reports emerged linking him with a takeover of the club. Ratcliffe is reported to have completed the 2007 London Marathon and is a keen skier. He received the honour for services to business and investment. With a net worth estimated at £21bn, Ratcliffe … Disclamer: Jim Ratcliffe net worth are calculated by comparing Jim Ratcliffe's influence on Google, Wikipedia, Youtube, Twitter, Instagram and Facebook with anybody else in the world. © 2021 Forbes Media LLC. Sir Jim Ratcliffe, a petrochemicals tycoon worth around £21BILLION, is Britain's richest man and could afford to buy any club. 679215 Registered office: 1 London Bridge Street, London, SE1 9GF. A keen adventurer, Ratcliffe has made expeditions to the North and South Poles as well as a three-month-long motorbike trek in South Africa. Brought up in a council house near Manchester by his joiner dad and office manager mum, he went on to study for an MBA from London Business School. The agreement for the North Sea Forties Pipeline System to change hands also brings home the truth that with the region's heydays behind it, the oil majors are retreating from maturer prospects. Source(s) of wealth: Red Bull. Who is Jim Ratcliffe and what is his net worth? But in March 2019, The Times said Ratcliffe is keen to purchase Chelsea, if owner Roman Abramovich drops his £2.5bn asking price. CHEMICAL engineer Jim Ratcliffe topped the Sunday Times Rich List 2018 with a personal fortune estimated at £21.05billion. This service is provided on News Group Newspapers' Limited's Standard Terms and Conditions in accordance with our Privacy & Cookie Policy. It has also become one of the largest players in the U.K. shale sector after entering the market in 2014. Who is Jim Ratcliffe and what is his net worth? For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, Jim Ratcliffe tops the Rich List chart with his fortune of £21.05billion, Sir Jim Ratcliffe pictured with world champ Eliud Kipchoge, Jim Ratcliffe with Carolyn McCall OBE, Chief Executive of easyJet, at a Sunday Times 'Has Britain Been Great For Business' event, The Brexit-backing businessman is the chairman and CEO of chemicals group Ineos, The event was bankrolled by petrochemicals company Ineos, reports emerged linking him with a takeover of the club, he and two other Ineos executives are planning to move to Monaco, Independent Press Standards Organisation (IPSO). Ratcliffe is the chairman and chief executive officer of the Ineos chemicals group, which he founded in 1998 and still owns two-thirds of, and which has been estimated to have a turnover of $44bn. Jim Ratcliffe divorced wife Amanda Townson in 1995 after a ten-year marriage. All Rights Reserved. The company has a sales revenue of around $90bn (£67.8bn), with Ratcliffe the chairman and 60% shareholder. Ratcliffe mortgaged his house in 1992 to lead the buyout of a BP chemicals business; 6 years later, he bought a plant from that firm to form Ineos. From a small base in Hampshire, using high-yield debt to fund deals, he started buying unwanted operations from groups such as BP, picking targets based on their potential to double their earnings over a five year period. A decade on, the contactless critics were so wrong. Barclays Capital analyst James Ratcliffe apparently thinks so. The London-based conglomerate produces everything from synthetic oils and plastics to solvents used to make insulin and antibiotics. They had two sons. In 2010 Ratcliffe moved Ineos to Switzerland, saving £100m a year in tax. He is from United Kingdom. UK’s richest person Jim Ratcliffe surfaces as Monaco resident NetworthWikia.com published an article about Jim Ratcliffe & said that Jim's net worth is $20 Million. Net worth: $18.9billion. The event was bankrolled by petrochemicals company Ineos, owned by Sir Jim Ratcliffe. Sources close to Chelsea though were quick to rule out any sale. McTominay scores early as United progress to FA Cup fourth round, Man Utd transfer news LIVE: Follow all the latest from Old Trafford, Mendy flouted lockdown AGAIN by flying in girl from Greece for four-day romp, Smith Rowe and Aubameyang score late in ET to stun Toon, Martinelli 'in tears & lot of pain' as Arsenal boss Arteta confirms injury, ©News Group Newspapers Limited in England No. They are used to clean water, make toothpaste, manufacture antibiotics, insulate homes and package food. As the coronavirus pandemic destroys businesses and lives around the world, companies and wealthy individuals of all kinds are stepping up to slow the virus’s spread and help find a cure. Team(s): … Chelsea fans are watching closely as their club are subject of interest from billionaire Sir Jim Ratcliffe. To inquire about a licence to reproduce material, visit our Syndication site. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. Its "Dragon Ships" -- behemoth 600 foot gas carriers -- were the first to transport U.S. shale gas into Europe. Here's what we know … He is the first British-born industrialist to top the list, according to a Sunday Times profile. Dietrich Mateschitz. Ratcliffe is the chairman and chief executive of the Ineos chemicals group, which he founded in 1998. The Brexit-backing businessman is the chairman and CEO of chemicals group Ineos. The stock closed yesterday at $2.15. Sir Jim Ratcliffe factfile: Net worth: £21billion. According to TrendCelebsNow.com, famous Engineer Jim Ratcliffe's net worth is $1 Million - $5 Million. He increased his wealth by more than £15billion in 2017 to take the top spot on the Sunday times Rich List. Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368 . He was named the UK's richest person in May 2018 with a fortune of £21.05billion. Ratcliffe, estimated to be worth over £13billion, will add the F1 team to his company's sports portfolio. The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. Forbes state that Ratcliffe’s net worth is … Ratcliffe was knighted in the Queen's Birthday Honours list on June 2, 2018. 1 JIM RATCLIFFEChemicals£21.05bn £15.3bnIt has taken Jim Ratcliffe just 20 years to make a fortune of more than £21bn. James Arthur Jim Ratcliffe (born 18 October 1952) is a British chemical engineer turned financier and industrialist. He has owned two superyachts, and in 2012 he took delivery of the 78-metre Hampshire II, which he still owns. We pay for videos too. He earned the money being a professional Engineer. Ratcliffe’s lieutenants, John Reece and Andy Currie, have a combined net worth of about $14 billion, according to Bloomberg’s wealth index, thanks to their holdings in the company. Ineos also owns Swiss soccer team Lausanne, British fashion brand Belstaff, and is building a successor to Land Rover's discontinued off-roader Defender. New accounts for Chelsea show that the Premier League club is still dependent on Roman Abramovich’s money to complete at the top end of the English Premier League. As a result, plans to rebuild Stamford Bridge have been put on hold and the need for a new stadium is one reason why Sir Jim will not pay £2.5bn for the club. Barclays analyst James Ratcliffe this morning upped his rating on Sirius XM to Equal Weight from Underweight, while boosting his view on the satellite radio company's largest holder, Liberty Media, to Overweight from Equal Weight. Sir Jim Ratcliffe purchased Swiss top flight football team FC Lausanne-Sport in 2017. British billionaires Dyson and Ratcliffe believed in Brexit and made plans to build two very different, very British cars. James Ratcliffe Net Worth: James Ratcliffe is a British chemical engineer turned financier and industrialist who has a net worth of $19 billion. He raised his rating on Liberty Starz this morning to Overweight from Equal Weight, while boosting his target on the stock to $90, from $72. We pay for your stories! © 2021 Forbes Media LLC. How one billionaire's bid to conserve African wildlife is paying off in a luxurious, design-savvy safari lodge. Here's what we know about the UK's richest man, who could be set to purchase Chelsea. For other inquiries, Contact Us. "We continue to find the long LMCA/short SIRI trade attractive (even though the spread has been [...], Sirius XM shares are too pricey, Barclays analyst James Ratcliffe asserts in a research note this morning, launching coverage of the satellite radio company's shares with an Underweight rating and $2 target. On his 55-year journey from penniless Italian immigrant to multibillionaire cable magnate, Rocco Commisso has shown an uncanny knack for being at the right place at the right moment—and taking full advantage of it. Millions of Brits unwittingly use Ineos products every day. Jeremy Corbyn struck a populist tone hitting out at billionaires, “tax dodgers” and “bad landlords” at the launch of the Labour Party’s general election campaign. But his advances are understood to have been rejected by the Russian oligarch. 8. You can WhatsApp us on 07810 791 502. Click here to upload yours. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Jim Ratcliffe is a fracking and chemicals entrepreneur who has topped chart of the UK's wealthiest 1,000 people in The Sunday Times Rich List 2018. Age: 66. Net worth Source of wealth Hinduja family: 22 billion: Industry and finance Jim Ratcliffe: 18.2 billion: Chemicals Leonard Blavatnik: 14.4: Investment, music and media James Dyson and family: 12.6 billion: Household goods and technology Kirsten and Jorn Rausing: 12.3 billion: Inheritance and investment Charlene de Carvalho-Heineken: 12 billion He contends that recent weakness in the stock creates an attractive entry point, [...], Hyundai’s Hydrogen Car Ambitions Get A Boost From British Billionaire’s Chemical Giant, Meet The Danish Entrepreneur Selling Used Cycle Clothing Worn By Professional Riders, Lessons In Global Mobility And Tax: Sir James Packs His Bags. Tax Notes International contributing editor Robert Goulder examines why the United Kingdom’s richest man is leaving the country for Monaco. His acquisitions also include French football giants, … And the keen cyclist is now set to imminently complete a deal to buy Team Sky and provide it with the funding to continue after 2019. Runner Eliud Kipchoge, 34, smashed his target by 20 seconds to complete the race in 1:59:40 in the Ineos 1:59 Challenge in Vienna today. Sir Jim Ratcliffe is a 66-year-old businessman who is the chairman and CEO of chemical manufacturer Ineos. Both billionaires have found it much harder than expected. In 2006, Ineos bought BP's refining and petrochemical arm Innovene, giving Ineos refineries and plants in Scotland, Italy, Germany, France, Belgium and Canada. "We believe the SIRI business is healthy and expect material growth in EBITDA [...], Time to reach for the Starz? EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Why Billionaire Brexiteers Dyson And Ratcliffe Can’t Commit To Building Cars In Britain, Coronavirus Business Tracker: How The Private Sector Is Fighting The Covid-19 Pandemic, Billionaire Roman Abramovich Still Pumping Money Into Chelsea Despite Losing Love For London, Jeremy Corbyn Launches Election Campaign With Attack On Billionaires, Tax Dodgers And A ‘Corrupt System’, Mike Ashley’s Valuation of Newcastle United Halted Takeover By Britain’s Richest Man, Rich Need To Tackle Climate Change As Research Shows It Will Eventually Make Them Poorer, Your Next Luxury Safari: Asilia's Jabali Ridge in Southern Tanzania, New Billionaire: How A Poor Immigrant Scored A $4.3 Billion Fortune In Cable, How 'wave and go' took over the high street, BP's Sale Of North Sea Forties Pipeline To Ineos Is Indicative Of A Strategic Shift, Sirius XM, Liberty Media: Barclays Ups Ratings On Both, Sirius XM Overpriced, Barclays Says; Launches At Underweight, Liberty Starz Shares Spike As Barclays Ups To Overweight. The chemicals giant has an annual turnover of about £45bn and employs more than 18,500 people at 181 sites across 22 countries. Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of chemical powerhouse Ineos Group. Generally speaking, the bigger the hexagon is, the more valuable Jim Ratcliffe networth should be on the internet! Sir Jim also has one daughter with his second wife, Alicia. The Secret Footballer Twitter account claimed that Sir Jim is closing in on purchasing the Blues. Over the summer, amid all the talk of a Middle Eastern takeover of Newcastle United, one man much closer to home was baulking at the valuation set by owner Mike Ashley. He said: "The Brits are perfectly capable of managing and don't need Brussels telling them how to manage things.". MATT LAWTON: Sir Jim Ratcliffe, the chairman and chief executive of Ineos with a net worth of £21bn, is said to be among a number of interested parties to have met Sir Dave Brailsford. He also owns a property in tax haven Monaco. Jim Ratcliffe, who founded chemical firm Ineos, topped the list with an estimated worth of £21.05bn - after coming 18th last year. As the gravity of the Corona crisis became apparent, perhaps anticipating outrage over societal inequality and greater scrutiny of their enormous wealth, many billionaires are keen to show they are doing their part. The businessman, according to the Sunday Times, is worth a whopping £21.05 billion The businessman, according to the Sunday Times, is worth a whopping £21.05 … CHEMICAL engineer Jim Ratcliffe topped the Sunday Times Rich List 2018 with a personal fortune estimated at £21.05billion. In August 2018 it was revealed he and two other Ineos executives are planning to move to Monaco, although the company's HQ will remain in the UK. An adventure seeker, Ratcliffe has made trips to both the North and South poles, and went on a month-long motorbike trip in South Africa in 2015. He lives in Chelsea and Hampshire and, in May 2017, submitted his fifth plan to build a luxury home at Thorns Beach, near Beaulieu - to replace an existing two-bedroom bungalow. ProOwnedCycling is a Danish startup that, in effect, recycles cycle clothing; cycle clothing either worn by pro riders or supplied to them and never worn. The billionaire has approached Roman Abramovich to buy Chelsea Football Club. Sir Jim Ratcliffe has been confirmed as the new owner of Team Sky, soon to be renamed Team Ineos after his petrochemicals company. Britain’s richest man, the Brexit supporter Sir Jim Ratcliffe, and two of his key lieutenants at chemicals firm Ineos have reportedly been planning to save up to £4bn in tax after moving to Monaco. Then, in April 2010, Ratcliffe relocated Ineos' head office to Rolle in Switzerland, cutting the company's tax bill by £100million per year. Sir Jim Ratcliffe is a self-made billionaire and was Britain's richest man in 2018, with a net worth of £21billion. 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