| Net Worth: | $19 Billion |
|---|---|
| Date of Birth: | October 18, 1952 (71 years old) |
| Gender: | Male |
| Profession: | Chairman and CEO, Ineos, Owner of OGC Nice |
| Nationality: | British |
What is James Ratcliffe’s Net Worth?
James Ratcliffe is a British chemical engineer who has a net worth of $19 billion. James Ratcliffe, a professional engineer who now chairs the Ineos Group, a massive chemical company with projected annual sales of $44 billion, has done so since 1998.
He no longer leads any other businesses; only the one that has grown through alliances and acquisitions has him as CEO. Ratcliffe, one of the richest people in the UK right now, prefers to keep a low profile.
He graduated from the University of Birmingham with a degree in chemical engineering and was born on October 18, 1952, in Manchester. Ratcliffe made the choice to advance his financial expertise not long after getting his first job with the big-name oil business Esso.
To study management accounting and pursue an MBA, he enrolled at the London Business School. After some time, he helped start INSPEC, which leased the BP Chemicals building in Antwerp, Belgium, and he was one of the company’s founders.
However, Ratcliffe established Ineos in Hampshire in 1998 to acquire INSPEC and the freehold of the Antwerp site. Since then, Ineos has undertaken a number of acquisitions, including paying $110 million for the European chlor-vinyls business of Belgian company Tessenderlo and establishing a joint venture with BASF of Germany.
The company’s highest profit is thought to have been the $8.7 billion purchase of the BP Group’s Innovene subsidiary in 2005. As a result, it is today one of the world’s top producers of polystyrene and styrene monomers.
The company that accounts for the majority of Ratcliffe’s net worth still belongs to him in a two-thirds majority.
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