Ineos owner hits top of the rich list with £21bn for­tune

The Scottish Mail on Sunday - - News - By Sally Rose

THE boss of the Ineos petro­chem­i­cals com­pany Jim Ratcliffe has soared to the top of the Sun­day Times Rich List, with a for­tune of more than £21 bil­lion.

The en­gi­neer-turned fi­nancier had a joiner fa­ther and lived in a coun­cil house un­til he was ten. But last night, the news­pa­per de­clared him the rich­est man in Bri­tain, with a for­tune that rose by more than £15 bil­lion in a year.

His com­pany bought the for­mer BP petro­chem­i­cal plant and re­fin­ery in Grange­mouth, Stir­lingh­sire, in 2006.

Mr Ratcliffe, 65, has proved a tough in­dus­tri­al­ist dur­ing his time in Scot­land.

Ineos went to the Court of Ses­sion this week to con­front the ban on frack­ing im­posed by the Scot­tish Gov­ern­ment.

Dur­ing the hear­ing, a gov­ern­ment QC in­sisted there was no ban in place.

Mr Ratcliffe trained as a chem­i­cal en­gi­neer but turned to fi­nance as his ca­reer de­vel­oped.

His num­ber one rank­ing in the rich list places him above the UK’s big­gest landowner, The Duke of West­min­ster.

SUC­CESS STORy: In­dus­tri­al­ist and fi­nancier Jim Ratcliffe

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