As Sir Jim Ratcliffe nears securing a 25% stake in Manchester United, Sportslens takes a look at his net worth and other investments.
Jim Ratcliffe Background
Sir Jim Ratcliffe is a British billionaire who is chairman and Chief Executive Officer (CEO) of the multinational chemical engineering company, INEOS.
Starting out as an employee for oil giants Esso, Ratcliffe decided to broaden his horizons by studying account management at London Business School.
He joined US private equity group Advent International in 1989 before forming INEOS nine years later, of which he still owns two-thirds.
In 2018, Ratcliffe was knighted after being named on the Queen’s birthday honours list for services to business and investment.
Jim Ratcliffe Net Worth & Assets
In 2018, Ratcliffe was the richest man in the UK, with a net worth of over £21 billion. Since then, his estimated net worth has risen to over £29 billion. As of 2023, he is Britain’s second-richest person, behind Gopi Hinduja and family.
In September 2020, Ratcliffe officially changed his tax residence from Hampshire to Monaco, a move that saves him an estimated £4 billion in tax.
Ratcliffe’s chemicals company, INEOS, was estimated to have had a turnover of $65 billion in 2021. The same year, Ratcliffe revealed intentions to allocate over £1.7 billion towards electrolysis projects aimed at producing zero-carbon green hydrogen across Europe.
Within sport, his company are current owners of Ligue 1 side OGC Nice and Swiss team FC Lausanne-Sport. He also bought the Team Sky cycling franchise in 2019, rebranding them to Team INEOS.
INEOS are also principal partners with the Mercedes F1 team and have a sponsorship deal with New Zealand Rugby.
Jim Ratcliffe Manchester United Investment
Ratcliffe is now set to pay £1.3 billion for a 25% stake in Manchester United. Along with his team, he will help run the club’s football operations.
Sheikh Jassim attempted to takeover the club but ultimately couldn’t agree to a deal with the current owners, the Glazer family. With the Qatari businessman pulling out, Ratliffe has a clear shot at investing in the club and is now the front-runner to take over the club with UK betting sites.
Ratcliffe was previously among the bidders to buy Chelsea, making an initial attempt in 2019 before reigniting his interest in 2022, when the club was put up for sale. However, he ultimately lost out to Todd Boehly.
- D.O.B.: 18 October 1952 (age 71)
- Born: Failsworth, England
- Occupation: Chairman and CEO of INEOS
- Spouse: Amanda Townson (div.)
- Children: 3
- Net Worth: £21.688 billion
Add Sportslens to your Google News Feed!
