JOHN REECE • Net Worth $4 Billion • House • Yacht • Private Jet • CFO • Ineos

Name:John Reece
Net Worth:$ 6 billion
Source of Wealth:Ineos
Born:March 7, 1957
Residence:Hampshire, UK / Bougy Villars, CH
Private Jet:Gulfstream G280 (M-INTY)
Yacht (2)New Hampshire

Meet John Reece: The Billionaire CFO of Ineos

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.

Key Takeaways:

  • John Reece, born in 1957, is a significant figure in the finance world, currently serving as the CFO of Ineos.
  • Reece owns approximately 20% of Ineos’ shares, valuing his stake at a substantial $4 billion.
  • He is known for his love for luxury yachts and reportedly owns the yacht Grace and the Feadship yacht New Hampshire.
  • John Reece’s journey to billionaire status is intertwined with the growth story of Ineos, a company that expanded by acquiring unwanted operations from major companies.
  • Ratcliffe, Reece, and Currie, all associated with Ineos, share a mutual fondness for Feadship yachts named ‘Hampshire’.

John Reece’s Journey to 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.

The Staggering Net Worth of John Reece

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.

John Reece and Luxury Yachts

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.

The Ineos Journey: From Jim Ratcliffe to John Reece

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.

The Ineos Billionaires and Their Yachts

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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Yacht Grace Owner

John Reece

John Reece Yacht

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.