James Ratcliffe Net Worth $1.1 Billion
James Ratcliffe is a former chemical engineer and also the present chairman and CEO of Ineos who has an estimated net worth of $1.1 billion as of March 2013. James is the 33rd wealthiest individual in Great Britain and is rated 1268th in the list of World Billionaires according to Forbes. He earned his degree in chemical engineering from the University of Birmingham in 1974. Nevertheless, he still wanted to expand his abilities in finance by studying management accounting and required an MBA at London Business School. In 2010, Ineos Group moved its headquarter from Great Britain to Switzerland in order to save from the tax bill. In the year 2012, Ineos Group made a joint venture with Accsys Technologies to produce and distribute a water-resistant, wood-based construction material called Tricoya. It has an interest to pursue its joint ventures in the Middle East. While working at the $43 billion in sales substance powerhouse Ineos Group, he has helped grow the business through the years. It has been through a series of acquisitions and partnerships including the purchase of Belgium-based Tessenderlo’s European chlor-vinyls business for $110 million, a $1 billion sale of a 50% stake in Ineos’s European refinery operations to Petrochina, as well as a joint venture with Germany’s BASF. Its largest acquisition happened in 2005 with an $8.7 billion deal to buy BP Group’s Innovene business. Because of this, it is now one of the planet’s largest manufacturers of styrene monomer and polystyrene.