James Ratcliffe

James Ratcliffe is a former chemical engineer and the present chairman and CEO of Ineos who has an estimated net worth of $17.4 billion as of July 2019. He is the 33rd richest particular person in the United Kingdom and is ranked 1268th in the record of World Billionaires in keeping with Forbes.

James Arthur Ratcliffe used to be born on October 18, 1952 in Manchester, United Kingdom. He earned his level in chemical engineering from the University of Birmingham in 1974. He started gathering his estimated net worth of $1.1 billion when he took his first job with oil giant Esso. However, he still wanted to increase his abilities in finance by way of studying management accounting and took an MBA at London Business School.

While operating at the $43 billion in sales chemical powerhouse Ineos Group, he has helped grow the firm over time. It has been via a series of acquisitions and partnerships including the acquisition of Belgium-based Tessenderlo's European chlor-vinyls industry for $110 million, a $1 billion sale of a 50% stake in Ineos's European refinery operations to Petrochina, and a joint venture with Germany's BASF. Its greatest acquisition took place in 2005 with an $8.7 billion deal to shop for BP Group’s Innovene business. As a end result, it's now one of the crucial global’s biggest producers of styrene monomer and polystyrene.

In 2010, Ineos Group moved its headquarter from the UK to Switzerland in order to save from the tax invoice. In 2012, Ineos Group made a joint venture with Accsys Technologies to supply and distribute a water resistant, wood-based building subject matter referred to as Tricoya. It has an hobby to pursue its joint ventures within the Middle East.

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