Here is all you need to know about Sir Jim Ratcliffe and his 2023 net worth as he sets to pay ยฃ1.3bn for a 25% stake in Manchester United
After Qatari businessman Sheikh Jassim bin Hamad al Thani withdrew from the bidding process, Sir Jim Ratcliffe will pay ยฃ1.3 billion for 25% of Manchester United.
Who is Sir Jim Ratcliffe new Man Utd part owner, net worth in 2023, wife, children, football clubs and business
As per a report in ESPN, 70-year-old Ratcliffe, is willing to pay a premium for the acquisition in order to get control over some decisions that a minority investment would not typically be able to provide.
Reportedly, Ratcliffe is prepared to spend between ยฃ1.3 billion ($1.576 billion) and ยฃ1.5 billion ($1.82 billion) for the ownership, even though United’s current market valuation is approximately ยฃ2.6 billion. The Glazers would maintain a controlling interest under the terms of the agreement, which may be approved as early as this week.
Ratcliffe also owns French club Nice and Swiss team Lausanne-Sport, was born and raised less than 10 miles from Old Trafford and grew up as a United supporter.
๐จ Sir Jim Ratcliffe will take immediate control of football operations at Man Utd should his 25% investment be ratified by the clubโs board – possibly as early as this week.
(Source: Daily Telegraph) pic.twitter.com/ey8kGvBpOe
— Transfer News Live (@DeadlineDayLive) October 16, 2023
Who is Sir Jim Ratcliffe?
Sir James Arthur Ratcliffe FIChemE, a British millionaire and chemical engineer by trade, was born on October 18, 1952 in Failsworth, England. Since its founding in 1998, 70-year-old Ratcliffe has served as chairman and CEO of the INEOS chemicals group.
Sir Jim Ratcliffe’s education
Ratcliffe attended Beverley Grammar School for his studies. In 1980, he graduated with a BSc in chemical engineering from Birmingham University and pursued an MBA at London Business School.
Sir Jim Ratcliffe’s wife and children
Ratcliffe and his ex-wife, Amanda Townson, had two kids together, both sons. He was previously in a relationship with Italian tax lawyer Maria Alessia Maresca, with whom he had a daughter.
What is Sir Jim Ratcliffe’s net worth?
Ratcliffe’s net worth was projected by the Sunday Times Rich List 2023 to be ยฃ29.688 billion as of May 2023, placing him as the second richest person in the United Kingdom. In May 2018, Ratcliffe’s net worth of ยฃ21.05 billion made him the wealthiest person in the United Kingdom.
Two ultra-luxury vessels, Hampshire and Hampshire II, were owned by Ratcliffe. Built as Barbara Jean by Feadship, it was his debut vessel. The 78-meter (256-foot) Feadship Hampshire II, constructed by Royal Van Lent, was delivered to him in 2012 and he continues to possess it.