Tuesday, September 5, 2017


James Ratcliffe 
Age 65   Net Worth $10.7 Billion
Born Manchester, England
Citizen  UK 

Selfmade in Chemicals, founded INEOS in 1998

Here is a picture of James Ratcliffe


James Ratcliffe is quite an adventurer.  He had walked to the North Pole and the South Pole, ran marathon and an avid skier.   Here is a picture of James Ratcliffe without a shirt and a tie.


Here is my youtube link to James Ratcliffe


https://www.youtube.com/watch?v=1fGv2yj6JwQ&t=283s

In 1974, at age 22, he graduated BS in Chemical Engineering from University of Birmingham

His first job was at Esso, the UK Branch of American Oil Giant Exxon

He did an MBA from London Business School

In 1992, at age 35, he was recruited by headhunter to work for US Venture Capitalist firm
Adventist International 

In 1998, at age 40, he founded his company INEOS 







INEOS today has more than 50 plants in 16 countries, and they produce specialty chemicals

 









In 2010 he moved INEOS to Rolle, Swtizerland to save tax.
It is estimated he save more than 100 million pound tax per year

In 2016, he moved INEOS back to London 

His latest venture, he built huge ships to trans LNG (Liquefied Natural Gas) from US to UK.
He estimated that Shale Gas (from Fracking) cost 1/4 the cost of Natural Gas in UK

His dragon ships 
#1  are built in China,
#2  using German Technology
#3 What is transported is US Liquefied Natural Gas


James Ratcliffe had invested more than $2 Billion dollars on the LNG ship and first delivery was completed in September 2016. 


No comments:

Post a Comment