, 2022-08-10 01:56:23,
Chemical engineer and businessman Sir James Arthur Ratcliffe is a British millionaire.
The Ineos chemicals firm, which Ratcliffe created in 1998 and currently controls two-thirds of, is led by Ratcliffe as chairman and CEO. It is anticipated that the group will generate $15 billion in revenue in 2019. His public persona is modest, and The Sunday Times has called him “publicity shy.”
On October 18, 1952, in Manchester, Sir James Arthur Ratcliffe was born.
Ratcliffe is the son of a joiner and an office worker who works in accounts.
Later, his father managed a facility that produced furniture for laboratories. When he was eleven years old, his family relocated to Yorkshire. Ratcliffe attended Beverley Grammar School and stayed in Hull until he was eighteen. In 1974, Ratcliffe received his chemical engineering degree from the University of Birmingham.
Net Worth of James Ratcliffe
The total wealth of James Ratcliffe is $19 billion. Since 1998, James Ratcliffe, a former engineer, has served as chairman of Ineos Group, a chemical giant with a $44 billion annual revenue forecast. He is no longer the CEO of any other company; only the one that has expanded through partnerships and acquisitions.
Ratcliffe, who is among the wealthiest persons in the UK today, prefers to maintain a low profile. Soon after accepting his first position with the multinational oil company Esso, Ratcliffe made the decision to further his knowledge of finance. He enrolled at the London Business School to study management accounting and pursue an MBA.
Read More: Tom Daley Net Worth: Check Out How Wealthy The British Diver Is?
After some time, he became one of the founders of INSPEC, which rented the former BP Chemicals location in Antwerp, Belgium. To purchase out INSPEC and the freehold of the Antwerp site, Ratcliffe founded Ineos in Hampshire in 1998.
Since then, among other purchases, Ineos has formed a joint venture with Germany’s BASF and paid $110 million for the European chlor-vinyls business of Belgian company Tessenderlo.
The $8.7 billion purchase of the Innovene division of the BP Group in 2005 is regarded as the company’s largest profit. It is presently one of the leading manufacturers of polystyrene and styrene monomers in the world. Ratcliffe still holds a two-thirds stake in the business that generates the majority of his income.
Ratcliffe’s first work was with the multinational oil company…
To read the original article, go to Click here