| Name: | John Reece |
| Net Worth: | $ 6 billion |
| Source of Wealth: | Ineos |
| Born: | March 7, 1957 |
| Age: | |
| Country: | UK |
| Wife: | Unknown |
| Children: | Unknown |
| Residence: | Hampshire, UK / Bougy Villars, CH |
| Private Jet: | Gulfstream G280 (M-INTY) |
| Yacht | Grace |
| Yacht (2) | New Hampshire |
John Reece stands tall as an accomplished finance executive in the global business arena. Presently serving as the Chief Financial Officer (CFO) at Ineos, Reece’s journey to his current position is a testament to his expertise and perseverance. The man who was born in 1957 and began his career as a chartered accountant at Price Waterhouse, now commands a staggering 20% of the shares in Ineos.
The road to becoming a significant stakeholder at Ineos was not straightforward for John Reece. He first proved his mettle as a chartered accountant at Price Waterhouse. With his acute business acumen and deep understanding of finance, Reece climbed the corporate ladder and landed the CFO role at Ineos in 2020.
It’s not just his title that makes Reece stand out. His 20% stake in Ineos is now worth an eye-watering $4 billion, catapulting him into the billionaire club.
Living up to his billionaire status, Reece is known for his penchant for luxury yachts. He is said to own the yacht Grace (formerly Kibo) and the Feadship yacht New Hampshire. Interestingly, the latter is currently listed for sale.
Ineos’s journey began in 1998 when Jim Ratcliffe took a bold move. He saw potential where others didn’t and acquired unwanted operations from major companies such as BP and Imperial Chemical Industries, now part of Akzo Nobel. To finance these deals, he cleverly leveraged high-yield debt.
His biggest acquisition came in the form of BP’s Innovene petrochemical operation, which handed him refineries in multiple countries, from Scotland to Canada. Fast forward to the 2000s, John Reece (CFO) and Andrew Currie (COO) joined Ineos and were given a share of the company’s equity, eventually making them billionaires.
Interestingly, Ratcliffe, Reece, and Currie share a mutual love for Feadship yachts. All three own yachts named ‘Hampshire’. Currie owns the Feadship yacht Hampshire, Ratcliffe owns Hampshire II, and Reece owns New Hampshire. However, Reece’s ownership of the yacht Grace is subject to verification.
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John Reece owns a large mansion in Hampshire, UK. But he moved to Switzerland when the Ineos HQ was moved to Switzerland for tax reasons. He now owns a large house with a swimming pool, overlooking Lake Geneva.
Geneva, nestled in Switzerland’s western corner, is a city renowned for its picturesque setting and rich cultural heritage. Cradled by the soaring peaks of the Alps and Jura mountains, it overlooks the sparkling waters of Lake Geneva, Europe’s largest alpine lake, making it an awe-inspiring sight to behold. The city’s blend of historical landmarks, luxury retail outlets, world-class restaurants, and art galleries exemplifies its status as a global hub of culture, finance, and diplomacy. Lake Geneva contributes to the allure, offering panoramic views, boating opportunities, and an escape into nature’s tranquility.
Moreover, Switzerland’s strong tradition of financial privacy, robust legal system, political stability, and low crime rate make Geneva a favored residential choice for billionaires. The city is home to numerous private banks and international organizations, providing ample business and investment opportunities for the ultra-wealthy. The country’s tax regime, which allows for lump-sum taxation, is another attractive aspect for high-net-worth individuals.
Furthermore, Geneva boasts high-quality education and healthcare institutions, promoting a quality lifestyle for its inhabitants. Additionally, the city’s multi-cultural milieu, owing to its position as a diplomatic hub, ensures a cosmopolitan lifestyle, making Geneva the perfect residence for the world’s billionaires. In essence, Geneva offers a unique blend of security, prosperity, and an unmatched quality of life, making it a billionaires’ paradise.
He is the owner of the Abeking motor yacht Grace, which was built as KIBO for Alexander Mamut.
The Grace Yacht is a luxurious 81-meter superyacht initially named Kibo and built by Abeking & Rasmussen.
It boasts a steel hull, aluminum superstructure, and is powered by two Caterpillar engines.
The yacht’s design, both interior and exterior, is the work of Terence Disdale Design.
Originally owned by Alexander Mamut, it was sold and renamed as Grace in 2018.
Ineos’ shareholders own a total of 4 private jets. Which are all registered to Ineos. He owns a Gulfstream G550 (M-
He also owns an Agusta Westland AW139 helicopter. The helicopter has registration M-
The Ineos Aviation company employs 30 (!) pilots and flight crew. They only work for Ratcliffe, Currie, Reece and Ineos staff. According to the companies annual account, there are no services to third parties.
The Gulfstream G550 is a long-range business jet that is manufactured by Gulfstream Aerospace, a subsidiary of General Dynamics. It is one of the most advanced and capable business jets on the market, known for its speed, comfort, and versatility.
The G550 has a range of 6,750 nautical miles (12,501 km), which allows it to fly non-stop on long-haul routes such as New York to Hong Kong. It is equipped with two Rolls-Royce engines and a spacious and luxurious cabin that can accommodate up to 19 passengers.
The G550 is known for its advanced avionics and flight deck, which provides the pilot with a high level of situational awareness and control. The aircraft is equipped with a suite of advanced navigation and communication systems, as well as a number of safety features, including an enhanced vision system, a traffic collision avoidance system, and an automatic dependent surveillance-broadcast (ADS-B) system.
In addition to its performance and capabilities, the G 550 is also renowned for its comfort and luxury. The aircraft features a spacious and well-appointed cabin that is designed for maximum comfort and convenience. It is equipped with a range of amenities, including a full galley, a private lavatory, and a entertainment system.
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Yacht Owners Database 2024
