Jim Ratcliffe Net worth 2024

Jim Ratcliffe net worth 2024: Sir James Arthur Ratcliffe FIChemE 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 and of which he still owns two-thirds, and which has been estimated to have a turnover of $15 billion

Jim Ratcliffe net worth and Biography

Net worth	$16 billion
Date of birth	18 October 1952
Occupation	Businessman
Nationaliy	British

As of 2024, Jim Ratcliffe net worth is valued at $16 billion making him one of the richest people in Britain

Biography

Born in Failsworth, Greater Manchester, the son of a father who was a joiner and a mother who was an account office worker, Ratcliffe lived there in a council house until the age of 10. His father eventually ran a factory making laboratory furniture

At the age 10, he moved with his family to East Yorkshire, and Ratcliffe attended Beverley Grammar School and lived in Hull up to the age of 18.

Ratcliffe graduated from the University of Birmingham with a degree in chemical engineering in 1974.

As of 2024, Jim Ratcliffe net worth is valued at $16 billion

Career

His first job was with oil giant Esso, but he decided to broaden his skills into finance by studying management accounting, taking an MSc in finance at London Business School from 1978 to 1980 (he donated £25m to the school in 2016). In 1989, he joined US private equity group Advent International

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.

In April 2010, Ratcliffe moved Ineos’s head office from Hampshire to Rolle, Switzerland, decreasing the amount of tax the company paid by £100m a year.

In 2015, Ratcliffe opened the UK headquarters of the chemicals and energy group in Knightsbridge, London, along with gas and oil trading, and other functions, saying he was “very cheerful about coming back to the UK”.

As of 2024, Jim Ratcliffe net worth is valued at $16 billion

He was pleased with UK policy, London as a business base, and untroubled by the prospect of Brexit. Full year 2015 EBITDA was €577 million compared to €253 million for 2014.

In February 2019, it was announced that Ineos would invest £1bn in the UK oil and chemical industries, to include an overhaul of the Forties pipeline system that is responsible for transporting a significant percentage of the UK’s North Sea oil and gas.

On 1 May 2019, Ratcliffe criticized the current government rules which say fracking in Britain must be suspended every time a 0.5 magnitude tremor is detected, which has led to a de facto ban on fracking. He said: “I think the government has been pathetic on the subject”.

Jim Ratcliffe net worth

As of 2024, Jim Ratcliffe net worth is valued at $16 billion making him one of the richest people in Britain . Ratcliffe has owned two super yachts, Hampshire and Hampshire II. His first yacht was built as Barbara Jean by Feadship.

In 1985, Ratcliffe married Amanda Townson; they have two sons, George and Samuel. They divorced in 1995.  He has one daughter, from a previous relationship, with Maria Alessia Maresca, an Italian tax lawyer. His current partner is Catherine Polli.

Source: Glusea