LONDON (Reuters) – Jim Ratcliffe, the founder and boss of chemical big Ineos, is the richest man within the United Kingdom, in response to the Sunday Times Rich List, first amongst a report 145 billionaires dwelling within the nation.
Ratcliffe maintains a comparatively low profile in Britain because the chief government of the nation’s largest personal firm which generates gross sales of round $60 billion by manufacturing petrochemicals, speciality chemical compounds and oil merchandise.
The Sunday Times stated Ratcliffe had shot up the listing of Britain’s most rich because of the success of Ineos and after it obtained entry to extra element on the corporate which is 60 % owned by its founder.
Compiling the listing for the 30th time, the Sunday Times stated the wealth of the 1,000 richest individuals had jumped by 10 % this yr, and stated that they have been extra numerous than earlier than, with extra ladies and entrepreneurs within the listing.
“Britain is changing,” stated Robert Watts, the compiler of the record. “Gone are the times when previous cash and a small band of industries dominated the Sunday Times Rich List.
“Aristocrats and inherited wealth has been elbowed out of the listing and changed by a military of self-made entrepreneurs.”
The paper stated that London was now the primary metropolis on the planet for billionaires, with some 93 billionaires born, dwelling or with their companies based mostly in London, forward of New York in second.
Reporting by Kate Holton; Editing by Angus MacSwan