Barclays analyst James Ratcliffe this morning upped his rating on Sirius XM to Equal Weight from Underweight, while boosting his view on the satellite radio company's largest holder, Liberty Media, to Overweight from Equal Weight. He has owned two superyachts, and in 2012 he took delivery of the 78-metre Hampshire II, which he still owns. Runner Eliud Kipchoge, 34, smashed his target by 20 seconds to complete the race in 1:59:40 in the Ineos 1:59 Challenge in Vienna today. And the keen cyclist is now set to imminently complete a deal to buy Team Sky and provide it with the funding to continue after 2019. Email us at tips@the-sun.co.uk or call 0207 782 4368 . We pay for your stories! "We believe the SIRI business is healthy and expect material growth in EBITDA [...], Time to reach for the Starz? Brought up in a council house near Manchester by his joiner dad and office manager mum, he went on to study for an MBA from London Business School. Britain’s richest man, the Brexit supporter Sir Jim Ratcliffe, and two of his key lieutenants at chemicals firm Ineos have reportedly been planning to save up to £4bn in tax after moving to Monaco. Jim Ratcliffe is a fracking and chemicals entrepreneur who has topped chart of the UK's wealthiest 1,000 people in The Sunday Times Rich List 2018. He increased his wealth by more than £15billion in 2017 to take the top spot on the Sunday times Rich List. A keen adventurer, Ratcliffe has made expeditions to the North and South Poles as well as a three-month-long motorbike trek in South Africa. Jim Ratcliffe is a fracking and chemicals entrepreneur who has topped chart of the UK's wealthiest 1,000 … A decade on, the contactless critics were so wrong. The businessman, according to the Sunday Times, is worth a whopping £21.05 billion The businessman, according to the Sunday Times, is worth a whopping £21.05 … On his 55-year journey from penniless Italian immigrant to multibillionaire cable magnate, Rocco Commisso has shown an uncanny knack for being at the right place at the right moment—and taking full advantage of it. However, in July fresh reports emerged linking him with a takeover of the club. 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. Jim Ratcliffe is a fracking and chemicals entrepreneur who has topped chart of the UK's wealthiest 1,000 people in The Sunday Times Rich List 2018. Jim Ratcliffe divorced wife Amanda Townson in 1995 after a ten-year marriage. Born: Failsworth, Greater Manchester. Former chemical engineer James Ratcliffe is the founder, chairman and majority owner of chemical powerhouse Ineos Group. Tax Notes International contributing editor Robert Goulder examines why the United Kingdom’s richest man is leaving the country for Monaco. Sir Jim Ratcliffe is a self-made billionaire and was Britain's richest man in 2018, with a net worth of £21billion. "The Sun", "Sun", "Sun Online" are registered trademarks or trade names of News Group Newspapers Limited. Net worth: $18.9billion. Sources close to Chelsea though were quick to rule out any sale. Barclays Capital analyst James Ratcliffe apparently thinks so. Some of the leading scientists in the U.K. have written an open letter to the country's 100 wealthiest families, asking for an "extraordinary increase" in their funding for environmental causes, a week after research shows that climate change will make them poorer. Its "Dragon Ships" -- behemoth 600 foot gas carriers -- were the first to transport U.S. shale gas into Europe. Sir Jim Ratcliffe is a 66-year-old businessman who is the chairman and CEO of chemical manufacturer Ineos. Ratcliffe is reported to have completed the 2007 London Marathon and is a keen skier. CHEMICAL engineer Jim Ratcliffe topped the Sunday Times Rich List 2018 with a personal fortune estimated at £21.05billion. In August 2018 it was revealed he and two other Ineos executives are planning to move to Monaco, although the company's HQ will remain in the UK. He earned the money being a professional Engineer. Ineos also owns Swiss soccer team Lausanne, British fashion brand Belstaff, and is building a successor to Land Rover's discontinued off-roader Defender. View our online Press Pack. Ratcliffe is the chairman and chief executive officer of the Ineos chemicals group, which he founded in 1998 and still owns two-thirds of, and which has been estimated to have a turnover of $44bn. He said: "The Brits are perfectly capable of managing and don't need Brussels telling them how to manage things.". The Sun website is regulated by the Independent Press Standards Organisation (IPSO), Our journalists strive for accuracy but on occasion we make mistakes. CHEMICAL engineer Jim Ratcliffe topped the Sunday Times Rich List 2018 with a personal fortune estimated at £21.05billion. The stock closed yesterday at $2.15. New accounts for Chelsea show that the Premier League club is still dependent on Roman Abramovich’s money to complete at the top end of the English Premier League. From a small base in Hampshire, using high-yield debt to fund deals, he started buying unwanted operations from groups such as BP, picking targets based on their potential to double their earnings over a five year period. James Ratcliffe Net Worth: James Ratcliffe is a British chemical engineer turned financier and industrialist who has a net worth of $19 billion. The Brexit-backing businessman is the chairman and CEO of chemicals group Ineos. Ratcliffe, estimated to be worth over £13billion, will add the F1 team to his company's sports portfolio. Ratcliffe was knighted in the Queen's Birthday Honours list on June 2, 2018. Abramovich has reportedly become detached from the club since he was denied a visa renewal in 2018 and forced to use an Israeli passport to visit the UK six months at a time. British billionaires Dyson and Ratcliffe believed in Brexit and made plans to build two very different, very British cars. 8. ProOwnedCycling is a Danish startup that, in effect, recycles cycle clothing; cycle clothing either worn by pro riders or supplied to them and never worn. Ineos, which is run by founder and British billionaire Jim Ratcliffe, said it had signed a memorandum of understanding with Hyundai to explore producing and supplying hydrogen for commercial use. The Brexit-backing businessman is the chairman and CEO of chemicals group Ineos. They had two sons. As the coronavirus pandemic destroys businesses and lives around the world, companies and wealthy individuals of all kinds are stepping up to slow the virus’s spread and help find a cure. Jim Ratcliffe, who founded chemical firm Ineos, topped the list with an estimated worth of £21.05bn - after coming 18th last year. Millions of Brits unwittingly use Ineos products every day. We pay for videos too. In 2006, Ineos bought BP's refining and petrochemical arm Innovene, giving Ineos refineries and plants in Scotland, Italy, Germany, France, Belgium and Canada. He contends that recent weakness in the stock creates an attractive entry point, [...], Hyundai’s Hydrogen Car Ambitions Get A Boost From British Billionaire’s Chemical Giant, Meet The Danish Entrepreneur Selling Used Cycle Clothing Worn By Professional Riders, Lessons In Global Mobility And Tax: Sir James Packs His Bags. 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. Who is Jim Ratcliffe and what is his net worth? He also owns a property in tax haven Monaco. MATT LAWTON: Sir Jim Ratcliffe, the chairman and chief executive of Ineos with a net worth of £21bn, is said to be among a number of interested parties to have met Sir Dave Brailsford. NetworthWikia.com published an article about Jim Ratcliffe & said that Jim's net worth is $20 Million. In 2010 Ratcliffe moved Ineos to Switzerland, saving £100m a year in tax. Jeremy Corbyn struck a populist tone hitting out at billionaires, “tax dodgers” and “bad landlords” at the launch of the Labour Party’s general election campaign. Do you have a story for The Sun Online news team? 1 JIM RATCLIFFEChemicals£21.05bn £15.3bnIt has taken Jim Ratcliffe just 20 years to make a fortune of more than £21bn. Sir Jim recently said that he looks forward to Britain throwing off the shackles of Brussels when we finally quit the EU. The billionaire has approached Roman Abramovich to buy Chelsea Football Club. The event was bankrolled by petrochemicals company Ineos, owned by Sir Jim Ratcliffe. They are used to clean water, make toothpaste, manufacture antibiotics, insulate homes and package food. McTominay scores early as United progress to FA Cup fourth round, Man Utd transfer news LIVE: Follow all the latest from Old Trafford, Mendy flouted lockdown AGAIN by flying in girl from Greece for four-day romp, Smith Rowe and Aubameyang score late in ET to stun Toon, Martinelli 'in tears & lot of pain' as Arsenal boss Arteta confirms injury, ©News Group Newspapers Limited in England No. News Corp is a network of leading companies in the worlds of diversified media, news, education, and information services. The agreement for the North Sea Forties Pipeline System to change hands also brings home the truth that with the region's heydays behind it, the oil majors are retreating from maturer prospects. He received the honour for services to business and investment. But his advances are understood to have been rejected by the Russian oligarch. Here's what we know about the UK's richest man, who could be set to purchase Chelsea. The London-based conglomerate produces everything from synthetic oils and plastics to solvents used to make insulin and antibiotics. Age: 66. All Rights Reserved. Chelsea fans are watching closely as their club are subject of interest from billionaire Sir Jim Ratcliffe. James Arthur Jim Ratcliffe (born 18 October 1952) is a British chemical engineer turned financier and industrialist. As a result, plans to rebuild Stamford Bridge have been put on hold and the need for a new stadium is one reason why Sir Jim will not pay £2.5bn for the club. Sir Jim Ratcliffe, the UK's richest person, has moved to tax-free Monaco, according to a document published by one of his companies. According to TrendCelebsNow.com, famous Engineer Jim Ratcliffe's net worth is $1 Million - $5 Million. With a net worth estimated at £21bn, Ratcliffe … Ratcliffe dropped to 5th richest after his net worth reduced by £6bn (boo hoo). "We continue to find the long LMCA/short SIRI trade attractive (even though the spread has been [...], Sirius XM shares are too pricey, Barclays analyst James Ratcliffe asserts in a research note this morning, launching coverage of the satellite radio company's shares with an Underweight rating and $2 target. All Rights Reserved, Photo by Steven Paston/ZUMA Press/Newscom. As the gravity of the Corona crisis became apparent, perhaps anticipating outrage over societal inequality and greater scrutiny of their enormous wealth, many billionaires are keen to show they are doing their part. Who is Jim Ratcliffe and what is his net worth? For further details of our complaints policy and to make a complaint please click this link: thesun.co.uk/editorial-complaints/, Comments are subject to our community guidelines, which can be viewed, Jim Ratcliffe tops the Rich List chart with his fortune of £21.05billion, Sir Jim Ratcliffe pictured with world champ Eliud Kipchoge, Jim Ratcliffe with Carolyn McCall OBE, Chief Executive of easyJet, at a Sunday Times 'Has Britain Been Great For Business' event, The Brexit-backing businessman is the chairman and CEO of chemicals group Ineos, The event was bankrolled by petrochemicals company Ineos, reports emerged linking him with a takeover of the club, he and two other Ineos executives are planning to move to Monaco, Independent Press Standards Organisation (IPSO). Watching closely as their club are subject of interest from billionaire sir Jim (. $ 1 Million - $ 5 Million they are used to clean water make... 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