Jim Ratcliffe

Jim Ratcliffe, born on October 18, 1952, is a prominent British billionaire and a distinguished chemical engineer. He is best known as the founder, chairman, and chief executive officer of the INEOS chemicals group, which he established in 1998. Under his leadership, INEOS has grown to become a significant player in the global chemicals market.

In May 2018, Ratcliffe was recognized as the richest individual in the UK, boasting a remarkable net worth of twenty-one billion and fifty million pounds. By May 2023, his wealth had surged to an estimated twenty-nine billion and six hundred million pounds, positioning him as the second wealthiest person in the UK, according to the Sunday Times Rich List.

In a strategic move in September 2020, Ratcliffe changed his tax residence from Hampshire to Monaco, a decision that is projected to save him approximately four billion pounds in taxes. This shift reflects his acumen not only as a businessman but also as a savvy financial strategist.

In February 2024, Ratcliffe expanded his portfolio by becoming a minority shareholder in the iconic English football club Manchester United, where he also took control over sporting operations. This venture marks a significant chapter in his career, intertwining his business expertise with his passion for sports.