British business mogul and billionaire, Jim Ratcliffe was born on October 18th, 1952 in Failsworth, Greater Manchester in the United Kingdom.
He was born to a joiner father who later worked in a factory making laboratory furniture and his mother also worked as an account officer. Jim Ratcliffe shares the same parents with his brother, Bob Ratcliffe but unfortunately, details has not been documented about his personal life on the internet.
When he was eleven years old, his family relocated to East Yorkshire. Ratcliffe attended Beverley Grammar School and resided in Hull until he was eighteen.
Ratcliffe attended the University of Birmingham and graduated in 1974. He later furthered at the London Business School from 1978 to 1980 where he took MSc in finance after he decided to widen his skills and knowledge in finance.
Jim Ratcliffe is a British-born business mogul, billionaire and a chemical engineer who heads one of the most productive and successful chemical companies in the world.
Ratcliffe is the chairman and CEO of the Ineos chemicals firm, which he created in 1998 and retains a two-thirds ownership in and is projected to generate $15 billion in revenue in 2019.
He has a modest level of fame and has been dubbed “publicity shy” by The Sunday Times. He was the richest individual in the UK as of May 2018 with a net worth of $21.05 billion.
His net worth was estimated at $28.2 billion as of April 2020 by the Bloomberg Billionaires Index, ranking him second in the UK and 55th overall in terms of wealth. Ratcliffe formally relocated his tax domicile from Hampshire to Monaco in September 2020, a move that is anticipated to save him £4 billion in taxes.
Ratcliffe started buying unneeded activities from organizations like ICI and BP from this tiny foundation, employing high-yield debt to finance purchases and choosing targets based on their ability to increase their earnings over a five-year period.
Ratcliffe relocated Ineos’s headquarters from Hampshire to Rolle, Switzerland, in April 2010, which resulted in a £100 million annual tax savings for the business.
Ratcliffe acquired ownership of FC Lausanne-Sport, a Swiss Super League soccer team, on November 13, 2017. Ratcliffe and Ben Ainslie formed Ineos Team UK in 2018 with Ratcliffe reportedly investing over £110 million in the venture. The team will compete in the 36th America’s Cup in 2021.
Ratcliffe acquired the cycling team Team Sky on March 19, 2019, and renamed the organization Team Ineos. The 2019 Tour de Yorkshire was their first competitive race with the new Ineos support. With the Colombian rider Egan Bernal, they subsequently won the 2019 Tour de France and the 2021 Giro d’Italia.
Roman Abramovich, the longtime owner of Premier League team Chelsea F.C., was compelled to put the club up for sale as a result of sanctions when Russia invaded Ukraine in 2022. Ratcliffe attempted to purchase the team for £4.25 billion, but his offer was turned down. Ratcliffe continued to hold out hope for a takeover in spite of the denial.
In the end, Todd Boehly, a US billionaire, purchased Chelsea FC. Ratcliffe indicated interest in acquiring Manchester United in August 2022. He was said to have invested in West Ham United in October 2022.
Jim Ratcliffe children: Meet Samuel Ratcliffe and George Ratcliffe
Jim Ratcliffe has two sons with his ex-wife, Amanda Townson. Samuel Ratcliffe and George Ratcliffe as the names of his two sons.
What are Jim Ratcliffe’s sons doing?
According to an online source, the two sons of the Monaco-based British billionaire have received the best of education and are currently using their knowledge and skills to help manage their father’s business ventures.
