JIM RATCLIFFE – Net Worth $18 billion – Owner of the yacht Hampshire II

Name:Jim Ratcliffe
Net Worth:$ 18 billion
Source of Wealth:INEOS
Born:October 18, 1952
Country:UK
Spouse:Alicia Ratcliffe
Children:3 (sons Samuel James and George Arthur and 1 daughter)
Residence:St Jean Cap Ferrat, France
Private Jet:Gulfstream G650 (M-OVIE), Gulfstream G550 (M-USIC), Gulfstream G280 (M-ISTY), Gulfstream G280 (M-INTY) , Dassault Falcon 2000EX (M-CHEM)
YachtHampshire II
Yacht (2)Sherpa

Who is Jim Ratcliffe?

He is the founder and CEO of Ineos. Ineos is one of the largest petrochemical companies in the world. Ratcliffe  was born on October 18, 1952. He is married to Alicia. He has 3 children, 2 sons, and a daughter. He started working at Esso as a chemicals engineer.

Ineos

In 1998 he formed Ineos. Jim Ratcliffe acquired unwanted operations from companies as BP and Imperial Chemical Industries. ICI is now part of Akzo Nobel. He used high yield debt to finance the deals.

Ratcliffe’s biggest acquisition was the GBP 5 billion purchase of BP’s Innovene petrochemical operation. Which was giving him refineries in Scotland, Italy, Germany, France, Belgium, and Canada.

The INEOS Group is active with fracking and shale gas in the UK.

Ineos Revenue

Nowadays Ineos has 15,000 employees. And realizes sales of US$ 40 billion with 60 manufacturing sites in 13 countries. In 2010 Ratcliffe moved Ineos to Switzerland, saving £100m a year in tax.

Jim Ratcliffe Net Worth

His net worth is US$ 11 billion. He is considered to be the richest man in the UK. In 2018 he was number 1 on the UK rich list.

He resides with his wife Alicia Ratcliffe in Switzerland. But recently announced to move to tax-free Monaco. He is said to avoid up to US$ 5 billion in taxes by moving.

Ratcliffe has made trips to both the North and South poles. And in 2015 he went on a month-long motorbike trip in South Africa.

Philanthropy

He is the founder of Go Run for Fun. It is a charity inspiring children in the UK to be more active through running events. The GO Run For Fun program has a very simple aim. To get as many kids between the age of 5 and 10 running as possible.

Sir Jim Ratcliffe

Jim Ratcliffe



Sherpa Yacht


Sherpa Yacht

Yacht Sherpa

Ratcliffe is also the owner of the 74 meter Sherpa yacht. She was built at Feadship in 2018. Sherpa is an expedition-styled yacht. She is designed by RDW.

According to rumors he ordered the yacht for his two sons Sam and George. The Sherpa yacht can accommodate 13 guests and 25 crew.  Sherpa is powered by 2 MTU Engines.

Hampshire, Hampshire I and New Hampshire

These yachts are not owned by Ratcliffe but by his business partners Andrew Currie and John Reece.

Both are directors at Ineos: Andrew Currie is Director and John Reece is CFO. Both own a minority stake in Ineos. The net worth of each is US$ 4.4 billion. So more than enough to own a yacht of their own.

Andrew Currie owns the Feadship yacht Hampshire I (ex Barbara Jean) and the Feadship Hampshire. Hampshire was built as Vanish for Larry van Tuyl. Hampshire 1 (ex Barbara Jean) was first owned by Ratcliffe, but he sold the yacht to Currie.

John Reece owns the Feadship New Hampshire (ex Rasselas). She is listed for sale. So he is probably buying another yacht. Do you know more about a new yacht for John Reece? Please do send us a message.

Update: we were told that John Reece bought the Abeking and Rasmussen Kibo and named her Grace.

That is a break with tradition (no Feadship and no ‘Hampshire’). Maybe her name will be changed in to ‘New New Hampshire III’ later.  ;-)


Jim Ratcliffe House