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Rich List 2018: Jim Ratcliffe is UK's richest man

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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
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.
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Ineos chairman, Jim Ratcliffe, on how Britain should negotiate Brexit
Mr Ratcliffe has been on expeditions to the North and South Poles, has run marathons, and is a Manchester United fan.In 2015, he said the UK could thrive outside the European Union. "The Brits are perfectly capable of managing the Brits and don't need Brussels telling them how to manage things," he said. "I just don't believe in the concept of a United States of Europe. It's not viable."In 2016, he told the BBC the government needed "backbone" when negotiating its exit from the EU.
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Robert Watts, who compiled the list, said: "Britain is changing. Gone are the days when old money and a small band of industries dominated the Sunday Times Rich List."Aristocrats and inherited wealth has been elbowed out of the list and replaced by an army of self-made entrepreneurs."Today's super rich include people who have set up businesses selling chocolate, sushi, pet food and eggs."We're seeing more people from humble backgrounds, who struggled at school or who didn't even start their businesses until well into middle age."
Entrepreneurship
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Ineos
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