$16.9B
$-62M
(-0.4%)

GB
· Age 73
Source of wealth: Chemicals
Industry: manufacturing
Residence: London , GB
{
"bio": [
"Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of $55 billion (revenue) chemical powerhouse Ineos Group.",
"The London-based conglomerate produces everything from synthetic oils and plastics to solvents used to make insulin and antibiotics.",
"It's become one of the U.K. shale sector's largest players. Its 600-foot \"Dragon Ships\" were the first to transport U.S. shale gas into Europe.",
"Ratcliffe mortgaged his house in 1992 to lead the buyout of a BP chemicals business; 6 years later, he bought a plant from that firm to form Ineos.",
"Ineos acquired two chemicals businesses from BP in 2021 for $5 billion. It formed petrochemical JVs with Sinopec worth more than $7 billion in 2022.",
"In 2023, Ineos acquired $1.4 billion of U.S. onshore oil and gas assets from Chesapeake Energy.",
"Ratcliffe acquired a 28% stake in British soccer club Manchester United for $1.5 billion over two months ending in early 2024."
],
"about": [
"An adventure seeker, Ratcliffe has made trips to both the North and South poles and went on a month-long motorbike trip in South Africa in 2015.",
"Ineos owns a third of the Mercedes-AMG Petronas F1 Team, as well as two smaller soccer clubs in France and Switzerland."
]
}