Saturday, May 12, 2018
Rich List 2018: Jim Ratcliffe is UK's richest man
A businessman who grew up in a council house near Manchester is the richest person in the UK, according to the Sunday Times Rich List.
Jim Ratcliffe, who founded chemical firm Ineos, topped the list with an estimated worth of £21.05bn - after coming 18th last year.
Two of the company's directors are also on the list, which ranks Britain's wealthiest 1,000 people or families.
Jamie Oliver and fashion tycoon Sir Philip Green saw their fortunes drop.
Mr Ratcliffe, 65, spent the first ten years of his life in Failsworth, before moving to East Yorkshire.
He went to Beverley Grammar School, studied chemical engineering at Birmingham University, and got an MBA from London Business School, according to a Financial Times profile.
His father, who was a joiner, went on to run a factory that made laboratory furniture, while his mother worked in an accounts office.
Mr Ratcliffe's firm is currently locked in a legal battle with the Scottish government over its moratorium on fracking.
His wealth leapt by £15bn in the past year - partly because of a revaluation of his assets.
source:www.bbc.com
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