Meet Britain’s 25th richest man: the lawnmower-collector and reclusive figure behind our latest fuel crisis

Filed under Profiles, Jim Ratcliffe
April 27, 2008 7:06 pm

ratcliffe.jpg 

The man at the centre of Britain’s fuel crisis is a reclusive billionaire known as “Dr No”.

Jim Ratcliffe, 55, earned the Bond villain nickname from union chiefs at the Grangemouth refinery in Scotland because of his constant refusal to compromise.

In just nine years, Mr Ratcliffe has built up his company, Ineos, from nothing to become the third-largest chemicals firm in the world – yet he remains a largely secretive figure.

Experts say his group, which is valued at £5billion, has transformed the energy sector by buying up unwanted plants from industrial giants such as BP, then slashing costs to maximise profits.

Mr Ratcliffe owns two-thirds of the company’s shares, giving him a personal fortune of around £3.5billion and making him the 25th richest man in Britain.

read the rest published by Daily Mail here:

http://www.dailymail.co.uk/pages/live/articles/news/news.html?in_article_id=562289&in_page_id=1766&ito=1490

Leave a Comment

Send Us a Tip