⬅ # 553 Mark Cuban|# 555 Janice McNair

# 554 John Reece 

$5.54B

Real Time Net Worth
as of 5/27/2024
-$392 (-0.00%)

# 554 John Reece 

$5.54B

Real Time Net Worth
as of 5/27/2024
-$392 (-0.00%)
OccupationCFO, Ineos
Source of WealthChemicals
Age67
ResidenceLondon, United Kingdom
EducationBS, Cambridge University
Age-Adjusted Net Worth$3.45B
John Reece
John Reece
United Kingdom
Net worth: $5.54B

Self-Made Score 

Wealth History

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Biography

Early Life

John Reece was born in March 1957 in the United Kingdom.
He attended Bede School in Sunderland, which is now Sunderland College, and later pursued his degree in economics at Queens' College, Cambridge.

Career

John Reece began his career as a partner at PricewaterhouseCoopers, specializing in advising companies within the chemicals industry.
In 2000, Reece joined Ineos, a chemicals conglomerate, as Finance Director, shortly after its founding.
Within Ineos, he holds the position of Chief Financial Officer and is a minority shareholder.
Under Reece's financial leadership, Ineos has expanded its operations significantly, becoming a major player in various sectors including shale and petrochemicals.
In 2021, Ineos acquired two chemicals businesses from BP for $5 billion, showcasing Reece's strategic involvement in the company's growth.
Notably, Ineos formed petrochemical joint ventures with Sinopec in 2022, valued at over $7 billion, further demonstrating Reece's role in expanding the company's global presence.

Financial Achievements

Reece's financial acumen has contributed significantly to Ineos' success, including lucrative acquisitions such as the $1.4 billion purchase of U.S. onshore oil and gas assets from Chesapeake Energy in 2023.

Notable Contributions to Ineos

Reece played a pivotal role in Ineos' entry into the U.K. shale sector, with initiatives such as the deployment of 600-foot 'Dragon Ships' for transporting U.S. shale gas into Europe.
Under his leadership, Ineos has diversified its product portfolio, manufacturing a wide range of items from synthetic oils and plastics to solvents used in pharmaceuticals like insulin and antibiotics.

How long would it take you to become as rich as John Reece?

If you started with $10,000 and invested an additional $500 each month at a 44.02% CAGR, it would take you 5 years to reach John Reece's net worth of $5.54B.

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 42.57% compared to 11.75% for the S&P 500 benchmark.

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John Reece 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 John Reece, 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