James Ratcliffe Net Worth

After a while, he was one of the founders of INSPEC, which leased the former BP Chemicals site in Antwerp, Belgium. But it was in 1998 that Ratcliffe formed Ineos in Hampshire to buy-out INSPEC and the freehold of the Antwerp site. Since, Ineos purchased Belgium-based Tessenderlo’s European chlor-vinyls business for $110 million and made a joint venture with Germany’s BASF, among other acquisitions. As the company’s biggest gain is considered the $8.7 billion deal to buy BP Group’s Innovene business in 2005. As a result, it is now one of the world’s biggest producers of styrene monomer and polystyrene. Ratcliffe still owns two-thirds of the company that is the main source of his net worth.