Forbes Top 5 Richest Man In United Kingdom
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| Top 5 Richest Man In United Kingdom |
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James Arthur Ratcliffe FIChemE is a British billionaire, chemical engineer, and businessman. Ratcliffe is the chairman and chief executive officer (CEO) of the INEOS chemicals group, which he founded in 1998.
His net worth: 1,630 crores USD (2024) Forbes.
Personal life
He was Born In 18 October in 1952 in Failsworth, Lancashire (now in Greater Manchester), his father worked as a joiner, and went on to run a factory that made laboratory furniture. His mother worked in an accounts office. He was raised in a council house in the town until the age of 10, when the family moved to East Yorkshire. He was educated at Beverley Grammar School. He studied chemical engineering at Birmingham University, gaining a BSc, and later gained an MBA from London Business School from 1978 to 1980.
Career
Ratcliffe's first job was with oil giant Esso, but he decided to broaden his skills into finance by studying management accounting, In 1989, he joined US private equity group Advent International.
In 2018, Ratcliffe was the richest person in the UK, with a net worth of £21.05 billion. As of 2023, the Sunday Times Rich List 2023 estimated his net worth at £29.688 billion, making him the second wealthiest figure in the UK. In 2020, Ratcliffe officially changed his tax residence from Hampshire to Monaco, a move that it is estimated will save him £4 billion in tax.
He does not have a high public profile, and was once described by The Sunday Times as "publicity shy".
Ratcliffe has two sons with previous wife Amanda Townson, and one daughter from a previous relationship with Italian tax lawyer Maria Alessia Maresca. He is presently in a relationship with Catherine Polli.
In 2009, Ratclife was granted an honorary fellowship by the Institution of Chemical Engineers citing "his sustained leadership in building the INEOS Group." In 2013, he received the Petrochemical Heritage Award. Ratcliffe was appointed Knight Bachelor in the 2018 Birthday Honours for services to business and to investment.
Ratcliffe is keen on sport and in 2013, he completed the Marathon Des Sables across the Sahara Desert, and he has founded a charity "Go Run for Fun", encouraging thousands of children aged between five and ten to get active by creating celebrity-driven events. He supported the 2019 INEOS 1:59 Challenge, a successful effort by Eliud Kipchoge to run the classic marathon distance (42.195 kilometres or 26 miles 385 yards) under 2 hours. Another charity, the Jim Ratcliffe Foundation, helped build a new ski clubhouse in Courchevel to help underprivileged children learn to ski.
Ratcliffe supported the UK leaving the European Union. Ratcliffe is a Eurosceptic and said in 2019, "As a business, INEOS supported the common market, but not a United States of Europe." He is opposed to the "layers and layers" of European legislation that he feels is making European economies increasingly cumbersome and inefficient. He has publicly expressed his disdain for politicians, criticising them for the way they negotiated the Brexit withdrawal agreement, and how they are often "happy to lunch around with bankers" but less keen to discuss economic issues with industrialists and business owners
2. Michael Platt
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Michael Edward Platt is a British billionaire hedge fund manager. He is the co-founder and managing director of BlueCrest Capital Management, Europe's third-largest hedge-fund firm which he co-founded in 2000. He is Britain's wealthiest hedge fund manager according to the Forbes Real Time Billionaires List, with an estimated wealth of US$15.2 billion.
His net worth: 1,800 crores USD (2024) Forbes.
Personal Life
Platt was born in Preston, Lancashire, England in 1968. His father taught civil engineering at the University of Manchester. His mother was a university administrator. His grandmother, whom he has described as "a serious equity trader," introduced him to investment. She "helped him buy stock in trust savings banks that were selling shares to the public." At 14, he invested £500 in a shipping line, Common Brothers, that soon tripled in price. Some of his first investments were in Britain's newly privatised utilities.
Career
He studied civil engineering at Imperial College London, but after a year, switched to mathematics and economics at the London School of Economics, from which he graduated in 1991.
He joined JP Morgan in 1991. Platt assumed responsibility for developing JP Morgan's swaps and options trading business in April 1992, and in April 1996, became the head of trading for all swaps products relating to the 11 founding states of the European single currency, the euro. In 2000 Platt co-founded BlueCrest Capital Management LLP, with William Reeves.
Platt appeared as himself on Showtime's series Billions in episode 1, Season 3.
3. Alexander Gerko
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Alex Gerk is a financial trader and founder of XTX Markets based in the United Kingdom.
His net worth: 1,010 crores USD (2024) Forbes.
Personal Life And His Career
He was in 3 December in 1979 in Russia, he has a PhD from Moscow State University. Initially, Gerko started his career trading equities at Deutsche Bank in 2004, and then moved into foreign exchange trading.
In 2009, he joined GSA Capital, a UK-based hedge fund, where he stayed until 2015.
In 2015, Gerko founded XTX Markets, an algorithmic trading company that uses algorithms to trade the difference in market prices across a variety of venues. Gerko holds a 75 percent majority interest in the company.
In 2022, the company reported a 64% increase in profits to £1.1 billion.
Since 2020 Gerko has donated £25 million to out-of-class maths clubs, through the Mathematics Education for Social Mobility and Excellence charity (MESME), which Gerko set up.
Gerko moved to the UK in 2006. He lives with his wife and three children in North London.
In 2022, Gerko renounced his Russian citizenship after a lengthy legal process.He is a British citizen.
In January 2024, he was named as the largest taxpayer in the UK by the Sunday Times Tax List, paying £664.5 million in tax.
As of August 2023, Gerko's net worth is estimated at £8.5 billion according to the Bloomberg Billionaires Index.
4. James Dyson
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James Dyson OM CBE RDI FRS FREng FCSD FIET is a British inventor, industrial designer, farmer, and business magnate who founded the Dyson company. He is best known as the inventor of the bagless vacuum cleaner, which works on the principle of cyclonic separation. According to the Sunday Times Rich List 2023, he is the fifth-richest person in the United Kingdom, with an estimated family net worth of £23 billion.
As of March 2024, Forbes lists Dyson's net worth as $13.4 billion.
Personal Life
James Dyson was born 2 May 1947 in Cromer, Norfolk, one of three children of Janet M. and Alec William Dyson. He was named after his grandfather, James Dyson. His father died of prostate cancer when he was nine years old and he described his childhood home as 'penniless' after his father's death. He was nonetheless educated at Gresham's School, an independent boarding school in Holt, Norfolk, from 1956 to 1965, due to the Headmaster agreeing to pay his school fees. At school he excelled at long-distance running, and said he learned determination from it.
Dyson spent a year, 1965–1966, at the Byam Shaw School of Art, choosing the school because of its excellent reputation under principal Maurice de Sausmarez's leadership. Dyson credits de Sausmarez’s guidance and teaching with inspiring him to become a designer. In 2015 Dyson spoke at the opening of a retrospective exhibition of de Sausmarez's work at the University of Leeds, speaking of the great influence the artist and former principal had on him and his career.
He served as the Provost of the Royal College of Art from August 2011 to July 2017, and opened a new university, the Dyson Institute of Engineering and Technology, on Dyson's Wiltshire campus in September 2017.
He studied furniture and interior design at the Royal College of Art,1966–1970, before moving into engineering. It was while attending the Royal College of Art to study fine art that he transferred to industrial design, partly because of the tutorage of structural engineer Anthony Hunt.
Career
In the late 1970s, Dyson had the idea of using cyclonic separation to create a vacuum cleaner that would not lose suction as it picked up dirt.
Dyson married Deirdre Hindmarsh in 1968. They have two sons and a daughter.
Dyson launched the "G-Force" cleaner in 1983.
No manufacturer or distributor would handle his product in the UK, as it would have disturbed the market for replacement dust bags, so Dyson launched it in Japan through catalogue sales.Manufactured in bright pink, the G-Force sold for the equivalent of $2,000, or around $5,500 in 2023 taking inflation into account. It won the 1991 International Design Fair Prize in Japan. Dyson filed a series of patents for his dual cyclone vacuum cleaner EP0037674 in 1980, and when his invention was rejected by the major manufacturers, he set up his own manufacturing company, Dyson Ltd. In June 1993, he opened a research centre and factory in Malmesbury, Wiltshire.
Dyson's slogan, "say goodbye to the bag", proved attractive to the buying public.
In 2000, Dyson expanded his appliance range to include a washing machine called the ContraRotator, which had two rotating drums moving in opposite directions.
In October 2006, Dyson launched a fast hand dryer, the Dyson Airblade, that used a thin layer of air as a squeegee to remove water from the skin, rather than using heat.
Honours and Awards
In 1997 Dyson was awarded the Prince Philip Designers Prize.
Dyson was appointed Commander of the Order of the British Empire (CBE) in the 1998 New Year Honours for services to industrial design.
In 2000, he received the Lord Lloyd of Kilgerran Award.
He received an honorary doctorate from the University of Bath in 2000.
In 2005 Dyson was elected a Fellow of the Royal Academy of Engineering and appointed a Royal Designer for Industry.
Dyson was appointed Knight Bachelor in the 2007 New Year Honours for services to business.
Dyson was elected a Fellow of the Royal Society (FRS) in 2015.
Dyson was appointed to the Order of Merit (OM) in the 2016.
New Year Honours for achievements in industrial design.
In 2017 Dyson was awarded IEEE Honorary Membership.
Dyson was provost of the Royal College of Art in London until 1 July 2017, having succeeded Sir Terence Conran in August 2011,and is patron of the Design & Technology Association.
He was chair of the board of trustees of the Design Museum, "the first in the world to showcase design of the manufactured object", until suddenly resigning in September 2004, saying the museum had "become a style showcase" instead of "upholding its mission to encourage serious design of the manufactured object".
Dyson was elected an international member of the National Academy of Engineering in 2019, for the development of advanced technologies and innovative products and contributions to design and engineering education.
5. John Reece
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John Reece is a British billionaire businessman. John Reece stands tall as an accomplished finance executive in the global business arena. Presently serving as the Chief Financial Officer (CFO) at Ineos, Reece’s journey to his current position is a testament to his expertise and perseverance.
Personal Life
Reece was born in March 1957. He was educated at Bede School, Sunderland (now Sunderland College), and studied economics at Queens' College, Cambridge.
In 2000, Reece, an accountant and partner at PricewaterhouseCoopers, joined the chemicals conglomerate Ineos, and is now the chief financial officer and minority shareholder.
In 2021, Forbes estimated Reece's net worth to be $5.7 billion.
Career
INEOS is a brand you might have seen sponsoring a variety of sporting events, including the Mercedes F1 team, the New Zealand Rugby Union, and the flagship British professional cycling team that was formerly known as Team Sky. They even have their own 4x4 vehicle - The Grenadier.
The company already directly owns three football clubs as part of its ‘federal’ business empire: OGC Nice in France, Swiss outfit FC Lausanne-Sport, and Racing Club Abidjan in Côte d’Ivoire, and it states its mission in the sport as follows.
The company chairman Sir James Ratcliffe, with whom Reece and Doncaster-born Andy Curry forms a three-man northern English leadership team at INEOS, is Britain’s richest man and Monaco tax-exile, who recently bid unsuccessfully to take over Chelsea, promising £1.75bn of investment over 10 years in the Stamford Bridge club.
The road to becoming a significant stakeholder at Ineos was not straightforward for John Reece. He first proved his mettle as a chartered accountant at Price Waterhouse. With his acute business acumen and deep understanding of finance, Reece climbed the corporate ladder and landed the CFO role at Ineos in 2020.
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