The Sunday Times Rich List 2021 featured chemical engineer Jim Ratcliffe with a projected personal fortune of £6.33 billion. As one of the richest people in Britain, he may be interested in buying Manchester United.
The chemical company Ineos, which Ratcliffe founded in 1998 and which still owns two-thirds, is expected to generate sales of 15 billion US dollars in 2019. Ratcliffe serves as the company’s chairman and CEO.
He’s a fairly well-known figure who was described as reclusive by the Sunday Times. In 1974 he graduated from the University of Birmingham.
What is Sir Jim Ratcliffe Net Worth? The income of the richest man in England
As of 2022, Jim Ratcliffe is worth $13 billion. With a net worth of $21.05 billion as of May 2018, he was the richest person in the United Kingdom.
According to the Bloomberg Billionaires Index, his personal wealth was valued at $28.2 billion as of April 2020, which puts him second in the UK in terms of wealth and 55th overall.
In September 2020, Ratcliffe officially switched his tax residency from Hampshire to Monaco, a move that is expected to net him £4bn in taxpayer money.
The 66-year-old grew up in need. His father, a carpenter, and his mother, an office manager, raised him in a parish house outside of Manchester. He was an academically gifted student who inspired him to enroll in London Business School to pursue an MBA.
According to a Sunday Times article, Jim is the first businessman of British descent to top the list. He is also the first British-born person to hold the rank since the Duke of Westminster topped the list in 2003.
Difference Between Sir Jim Ratcliffe Net Worth and Manchester United Costs
Ratcliffe wants to buy Manchester United in accordance with GOAL because the tycoon has made it clear he is prepared to buy them out if the feuding Glazer family is persuaded to leave the team.
Jim Ratcliffe’s entire net worth of $15 billion must be used to invest more than $7 billion to buy Manchester United franchise.
According to a spokesman for Sir Jim Ratcliffe, he wants to buy a stake in Manchester United. “If the club is up for sale then Jim is absolutely a potential buyer,” the spokesman told The Times. 🚨 #MUFC
It’s widely believed that United’s much-criticized American owners are ready to cede ownership of the team in response to mounting pressure from fans.
Ratcliffe, the owner of French club Nice, tried to take over Chelsea earlier this year but was unsuccessful because he missed the deadline to submit an official bid.
How much will Jim Ratcliffe’s Manchester United purchase cost?
Premier League-leading team Manchester United are to be bought by Jim Ratcliffe for more than £6billion. The billionaire has high aspirations for Old Trafford despite mounting criticism of United’s current owners.
Given that Manchester United has a far larger stadium and is one of the most financially successful clubs in world sport, it is predicted that the club’s current owners, Glazers, will command a significantly higher price.
The Glazer family have controlled Manchester United’s shares since 2003 and became the club’s president in June 2005. They borrowed money to buy the Red Devils and their financial situation has been precarious ever since.
The richest billionaire in the world, Elon Musk, recently tweeted that he wanted to buy the Red Devil. Later, to put an end to the performance, he said it was just a joke.