He is a British chemical engineer and entrepreneur who was born on October 18, 1952 and has amassed an estimated net worth of $1 billion. As chairman and CEO of Ineos chemicals, which he founded in 1998 and still owns two-thirds of, Ratcliffe is expected to generate $15 billion in revenues in 2019. Described as “publicity shy” by The Sunday Times, he has a low profile in the media.
As of May 2018, he had a net worth of £21.05 billion, making him the richest person in the UK. Bloomberg’s Billionaires Index pegged his net worth at $28.2 billion in April 2020, ranking him 55th in the world and 2nd in the United Kingdom. Ratcliffe is expected to save £4 billion in taxes in September 2020 when he officially moves to Monaco from Hampshire.
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As it pertains to my personal life
Amanda Townson married Ratcliffe in 1985, and the couple has two sons, George and Samuel, together. When they split up in 1995 He and Italian tax lawyer Maria Alessia Maresca have a daughter together. Currently, he is dating Catherine Polli.
Ratcliffe has homes in Monaco and Ha mpshire, England.
To replace an existing two-bedroom bungalow at Thorns Beach near Beaulieu, on the Hampshire coast, he submitted his fifth plan, which was less ambitious than the previous four. It is estimated that Ratcliffe will save £4 billion in taxes as a result of his move from Hampshire to Monaco, which will take effect in September 2020. Besides that, he lives next door to Michael Schumacher in the Swiss village of Gland, right on the shores of Lake Geneva. Napoleon Bonaparte’s Imperial estate, where Princess Alix Napoléon also owns a home, is where he lives.
When it comes to adventure, Ratcliffe is a thrill-seeker who has ridden a motorcycle through South Africa for three months and traveled to the North and South Poles, among other locations. Go Run for Fun is a non-profit organization that promotes physical activity among children between the ages of five and ten by organizing celebrity-driven events.
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Ratcliffe is a Euroskeptic and has stated that “As a business, Ineos supported the common market, but not a United States of Europe.”
As he puts it, the “layers and layers” of European legislation make economies in Europe more inefficient and difficult to run. He believes this. In spite of these criticisms, he is happy to profit from the single market, and he plans to manufacture the new Grenadier 4X4 in France, according to some observers. “Lunch around with bankers” and “economic issues with industrialists and business owners” aren’t topics that politicians are interested in discussing, he has stated publicly.
Hampshire and Hampshire II are Ratcliffe’s two superyachts. Feadship built his first yacht, Barbara Jean, which he christened. Feadship Hampshire II was built by Royal van Lent in 2012 and is still owned by him.
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Described as “publicity shy” by The Sunday Times, he maintains a low-profile presence. In 2018, he was the UK’s richest person with a fortune estimated at £25 billion.
In April 2020, the Bloomberg Billionaires Index estimated his fortune to be $28.2 billion, ranking him 55th in the world and second in the United Kingdom among the wealthiest individuals.. As of September 2020, Ratcliffe will no longer owe nearly £4 billion in taxes because of his move from Hampshire to Monaco as his tax domicile.
Career
At London Business School, Ratcliffe earned an MBA while working for oil giant Esso as a management accountant. Subsequently in 1989, he joined the Advent International, a US private equity firm.
Do you know how much James Ratcliffe is worth?
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Introduction
Chemical engineer James Ratcliffe, a British billionaire now involved in finance and industry, has a fascinating background.
Ineos chemicals, which Ratcliffe founded in 1998 and still owns two-thirds of, is estimated to have a turnover of $80 billion. Ratcliffe is the chairman and CEO of the company.
Sunday Times described him as “publicity shy” because of his low profile.
James Ratcliffe is expected to have a net worth of $19 billion by 2022, according to estimates.
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The First Years
Sir James Arthur Ratcliffe was born on October 18th, 1952, in Manchester, England to a wealthy family.
To put it another way, Ratcliffe is the son of a joiner and an accounts office clerk.
Father eventually owned and operated factory that manufactured lab tables and chairs From the time he was 10 years old, Ratcliffe and his family lived in Yorkshire, where he went to Beverley Grammar School and later moved to Hull. In 1974, Ratcliffe received his chemical engineering diploma from the University of Birmingham.
Career
While at Esso, Ratcliffe decided to expand his horizons by studying management accounting and earning an MBA from the London Business School. Subsequently in 1989, he joined the Advent International, a US private equity firm.
When INSPEC took over the former BP Chemicals site in Antwerp, he was a founding member and co-founder. To acquire INSPEC and the freehold of the Antwerp site, Ratcliffe formed Ineos in Hampshire. With the move to Rolle, Switzerland in 2010, he was able to save Ineos £100 million in annual taxes. Chemical and energy group Ratcliffe opened its UK headquarters in London’s Knightsbridge in 2015 as well as gas and oil trading and other functions, saying he was “very cheerful about returning to the UK.”
