How Rich Is Sir Jim Ratcliffe, The Richest Man In England? Manchester United Price Explored

The 2021 Sunday Times Rich List featured chemical engineer Jim Ratcliffe with an expected personal wealth of £6.33 billion. He is one of the richest individuals in the UK and may be interested in buying Manchester United.

The chemical company Ineos, which Ratcliffe founded in 1998 and which is still two-thirds owned, is expected to generate $15 billion in revenue in 2019. Ratcliffe serves as the company’s chairman and CEO.

He is a fairly well-known person who has been labeled a publicity shy by The Sunday Times. He graduated from the University of Birmingham in 1974.

What is Sir Jim Ratcliffe’s 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 in May 2018, he was the richest person in the UK.

According to the Bloomberg Billionaires Index, his personal wealth was estimated at $28.2 billion in April 2020, which would put him second in the UK and 55th overall in terms of wealth.

In September 2020, Ratcliffe formally changed his tax residence from Hampshire to Monaco, a move expected to result in a £4 billion tax windfall for him.

The 66-year-old grew up in adversity. His father, a carpenter and the mother of an office manager, raised him in a town hall outside Manchester. He was an academically gifted student growing up, which inspired him to enroll at London Business School to earn an MBA.

According to an article in the Sunday Times, Jim is the first businessman of British descent to top the list. He is also the first British-born person to hold that rank since the Duke of Westminster topped the list in 2003.

Difference Between Sir Jim Ratcliffe’s Net Worth and Manchester United’s Cost

Ratcliffe wants to buy Manchester United in agreement with GOAL because the tycoon has made it clear that if the bickering Glazer family is persuaded to leave the team, he is willing to buy them out.

Jim Ratcliffe’s total net worth of $15 billion is to be used to invest more than $7 billion to buy the Manchester United franchise.

A spokesman for Sir Jim Ratcliffe said he wants to buy a stake in Manchester United. “If the club is for sale, Jim is definitely a potential buyer,” the spokesperson told The Times. #MUFC

It is widely believed that United’s widely criticized American owners are willing to relinquish ownership of the team in response to mounting fan pressure.

Ratcliffe, the owner of French club Nice, attempted to take over Chelsea earlier this year but was unsuccessful as he failed to meet the deadline for submitting an official offer.

How much does the purchase of Jim Ratcliffe from Manchester United cost?

The leading team in the Premier League, Manchester United, is to be bought by Jim Ratcliffe for more than £6bn. The billionaire has high goals for Old Trafford, despite mounting criticism of United’s current owners.

Given that Manchester United owns a much larger stadium and is one of the most financially successful clubs in world sport, the current owner of the club, Glazers, is predicted to charge a significantly higher asking price.

The Glazer family has owned Manchester United’s shares since 2003 and they became the club’s chairman in June 2005. They borrowed money to buy the Red Devils and their financial status has been precarious ever since.

The world’s richest billionaire, Elon Musk, recently tweeted that he wants to buy the Red Devil. Later, to put an end to the idea, he said it was just a joke.