Sir Jim Ratcliffe’s fortune has taken a major hit following a interval of extreme cost-cutting at Manchester United
Sir Jim Ratcliffe’s web price has taken successful (Picture: Getty)
Sir Jim Ratcliffe’s wealth has dropped by £1.85billion over the past yr, in response to the newest Sunday Instances Wealthy Record. Even so, the Manchester United co-owner stays comfortably the richest individual within the North West for yet one more yr, with an estimated fortune of £15.194bn, down from £17.04bn in 2025.
The 73-year-old entrepreneur, who acquired a 27.7 per cent stake in United in a £1.25bn deal in 2024 after agreeing phrases with majority house owners the Glazer household, amassed his fortune by founding petrochemicals group INEOS in 1998. As a number one determine within the chemical compounds sector and CEO of INEOS, Ratcliffe oversees a worldwide petrochemicals enterprise working throughout 27 nations. Nevertheless, rising debt, softer revenues and a £515.7million loss have led to the group’s valuation being lower to £17bn.
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His 29 per cent stake in Manchester United is now valued at £1.4bn. This comes after remarks final week wherein the 73-year-old warned the UK and Europe in regards to the route of their power insurance policies, made throughout an announcement linked to contemporary funding in america.
INEOS has confirmed it accomplished a deal taking a 21 per cent stake in three oil and gasoline fields off the japanese coast of America. The transfer provides to greater than €3bn (£2.61bn) already invested in US operations.
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Final yr’s Wealthy Record indicated Sir Jim’s wealth had dropped by £6.5bn, however he nonetheless remained the richest particular person within the North West and the seventh wealthiest individual within the UK in 2025.
Regardless of almost £2billion being shaved off Sir Jim Ratcliffe’s web price previously yr, he stays the richest man within the north east (Picture: PA)
The Sunday Instances has launched its annual Wealthy Record. This yr’s rating of 350 people and households collectively controls £783.5bn in wealth, roughly one quarter of the UK’s annual GDP.
Sir Elton John, Lord Lloyd-Webber, Sir Mick Jagger, Keith Richards, JK Rowling, Charlotte Tilbury and Sir Lewis Hamilton all seem within the annual checklist, together with the Gallagher brothers for the primary time, valued at £375m. The entry degree for this yr’s checklist dropped to £340m, which The Sunday Instances describes as “one other indicator of a subdued yr.”
Robert Watts, compiler of the Sunday Instances Wealthy Record, stated: “This yr’s Wealthy Record is a story of two exoduses. One in six of the people and households who appeared on the checklist two years in the past do not function this time.
Ratcliffe’s Man Utd are flying excessive in the mean time (Picture: Martin Rickett/PA Wire)
“Many international billionaires who’ve been dwelling within the UK have additionally dropped out as a result of they’ve moved away. We’ve additionally seen a pointy rise within the variety of British nationals now resident in Dubai, Switzerland and Monaco. As UK nationals these individuals stay on our Wealthy Record – wherever they now dwell.
“These two exoduses pose challenges for the UK economic system and its public funds. Will extra of the rich now arrange or develop their ventures abroad and in doing so create fewer jobs right here? How a lot tax – if any – will Rachel Reeves’ Treasury be capable of extract from these prosperous Brits who’ve now left the nation?
“For almost 40 years the Sunday Instances Wealthy Record has analysed the fortunes of Britain’s most prosperous individuals. We imagine understanding the place wealth lies and the place it’s being collected is an important a part of a functioning democracy.
“Through the years our analysis has advised us so much about our nation, charting the best way a technology of largely self-made entrepreneurs overtook the previous cash of the landed gentry.
“This yr’s version shines a lightweight on fortunes constituted of synthetic intelligence, driverless vehicles and crypto-currencies in addition to child milk, make-up, hoodies and different on a regular basis gadgets. We all know lots of our readers discover these rags-to-riches tales of entrepreneurs who began out with little greater than a laptop computer and an concept significantly inspiring.”
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