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