⬅ # 113 Jeffery Hildebrand|# 115 Harry Triguboff

# 114 James Ratcliffe 

$16.7B

Real Time Net Worth
as of 4/11/2024
$236 (0.00%)

# 114 James Ratcliffe 

$16.7B

Real Time Net Worth
as of 4/11/2024
$236 (0.00%)
OccupationFounder, Chair, and CEO of INEOS
Source of WealthChemicals
Age71
ResidenceLondon, United Kingdom
Marital StatusMarried
Age-Adjusted Net Worth$7.93B
James Ratcliffe
James Ratcliffe
United Kingdom
Net worth: $16.7B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Biographical Information

Full Name: Sir James Arthur Ratcliffe
Date of Birth: October 18, 1952
Birthplace: Failsworth, Lancashire (now in Greater Manchester), UK
Parents: Father worked as a joiner, mother worked in an accounts office
Education: BSc in Chemical Engineering from Birmingham University, MBA from London Business School in 1980

Career Highlights

First job at Esso; later joined US private equity group Advent International in 1989
Co-founder of Inspec, which leased the former BP Chemicals site in Antwerp, Belgium
Formed INEOS in 1998 to buy out Inspec and the Antwerp site, later expanded through acquisitions
Moved INEOS's head office to Rolle, Switzerland in 2010, reducing the company's tax by £100m a year
Founded Ineos Automotive, aiming to build a replacement for Land Rover Defender
Announced plans to invest over €2bn in electrolysis projects for zero-carbon green hydrogen in 2021

Key Business Moves

Mortgaged his house in 1992 to lead the buyout of a BP chemicals business
In 1998, bought a plant from BP to form INEOS
Acquired two chemicals businesses from BP in 2021 for $5 billion
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

Wealth and Residences

Changed tax residence from Hampshire to Monaco in September 2020
Owns an estate on the shores of Lake Geneva in Switzerland
Resides in Hampshire and Monaco

Sports Ventures

Became a minority shareholder in Manchester United in February 2024
Expressed interest in buying Manchester United in August 2022
Purchased Lausanne-Sport in 2017 and Nice in 2019 through INEOS
Partnered with Ben Ainslie to form INEOS Team UK for the 36th America's Cup in 2021
Purchased Team Sky cycling franchise in 2019, rebranded as Team INEOS
Became principal partners of Mercedes AMG F1 in 2020

Personal Life

Married with two sons from previous wife Amanda Townson and one daughter from a previous relationship
Currently in a relationship with Catherine Polli
Has made expeditions to the North and South Poles and completed the Marathon Des Sables in 2013
Founded charities 'Go Run for Fun' and 'Jim Ratcliffe Foundation'
Owns two super yachts: Hampshire and Hampshire II

How long would it take you to become as rich as James Ratcliffe?

If you started with $10,000 and invested an additional $500 each month at a 44.41% CAGR, it would take you 5 years to reach James Ratcliffe's net worth of $16.7B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 38.63% compared to 10.38% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

James Ratcliffe is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For James Ratcliffe, Chemicals is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey