Inside new Man Utd owner Sir Jim Ratcliffe's 'secret' life in the UK (2024)

NEIGHBOURS of Manchester United owner Sir Jim Ratcliffe have told of his secret life in an isolated corner of England - and lifted the lid on a row over his "bee factory".

Sir Jim, who in 2023 bought a 25 percent stake in United for £1 billion, is Britain's second richest man, with a net worth of £29.6 billion.

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He also owns Nice FC, Team Sky cycling and his firm Ineos is the main partner of the Mercedes-AMG PETRONAS F1 Team.

The 71-year-old, who grew up on a council estate a stonesthrow from Old Trafford, spends much of his time in Monaco.

While not in the millionaires playground, he leads a quieter life in Hampshire's New Forest, enjoying sailing and adventure sports.

Since snapping up a ramshackle beachfront home in 2006, the businessman has carried out an extensive redevelopment of the site.

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But the work behind his CCTV and spike-riddled eight foot high walls has attracted fury over the years, with Sir Jim forced to see off four planning refusals on his home.

This week, the billionaire won his latest battle - an 18 month row over a honey factory on his land.

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The businessman, who has spoken of his love of homemade produce, was accused of constructing an “industrial site” after he built two huge barns, a tennis court and a pergola without consent.

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Sir Jim applied for retrospective planning permission from the planning authority in 2022 as one neighbour accused of doing "what he wants with impunity".

Objecting to the plans in November 2022, they livid local said: "Yet more development from an industrialist who seems intent on turning this stretch of the Hampshire coast into an industrial site.

“And, as we have come to expect from billionaire elites, the belief that he can do what he wants with impunity as he can afford to pay more lawyers and fight local authorities.”

He urged the New Forest National Park Authority (NFNPA) to “stand up” to wealthy owners who “seem intent on buying small houses and then by hook or by crook massively overdeveloping them”.

According to plans, one of the two sheds houses the “bee factory”, tractor, soil roller compactor, forklift, wood chipper, Turf Gator, lawn-mower, hedge-cutters and leaf blowers.

BEE-ING SERIOUS

Sir Jim's latest planning row centres around a "bee factory

The row rumbled for 18-months after he built after he built two huge barns, a tennis court and a pergola without consent.

He applied for retrospective permission from the planning authority in 2022.

According to plans one of the two unauthorised sheds houses the “bee factory”, tractor, soil roller compactor, forklift, wood chipper, Turf Gator, lawn-mower, hedge-cutters and leaf blowers.

Sir Jim has previously spoken of his love of homemade produce.

The other stores a cherry picker, trailer, tractor flail, fertiliser spreader, three chainsaws and a leaf sucker.

One furious neighbour said Sir Jim was turning his home into an "industrial site" and acting with "impunity".

After a long battle, the petrochemicals titan successfully argued his case and will not be forced to abandon his beekeeping facility.

The other is used for storing a cherry picker, trailer, tractor flail, fertiliser spreader, three chainsaws and a leaf sucker.

Sir Jim was granted retrospective planning permission to keep the two barns this week.

Following the victory, to neighbours spoke fondly of the billionaire but told The Sun he is rarely seen in the area.

One lady, who said she worked with him over 20 years ago "before he blew up", described a "nice" man who was kind and "humble".

She added: "I honestly don't have a bad word to say about him."

Another man, who has also worked for Sir Jim, said those who opposed the bee factory are "jealous".

He said: "It's just one of his many investments, he owns property in Lyndhurst, Hampshire cattle breeders, rows and rows of properties in Brockenhurst, just investments.

RAGS TO RICHES

SIR Jim Ratcliffe went from growing up in poverty on a council estate in the shadow of Old Trafford - to buying Man United years later.

His rags to riches story was thanks to extraordinary business intellect which allowed him to amass untold wealth in just a matter of years.

Sir Jim is the founder, chairman and majority owner of British petrochemicals empire Ineos, which he started in May 1998 to lead the buyout of a BP chemicals business.

The site in Antwerp was bought for £84m and employed 400 people.

Today, Sir Jim's Ineos operates 194 sites across 29 countries and employs more than 26,000 people.

The firm says it generates £52.6bn of revenue every year.

He was listed 2nd on The Sunday Times Rich List in 2023 - worth £29.7bn.

His worth has fluctuated massively in recent years, ranked 27th in the 2022 Rich List boasting an estimated wealth of £6.075bn.

Sir Jim was the UK's third highest individual taxpayer and forked out £110million in 2017-18, according to the Sunday Times tax list.

"I think he ferries people about in his helicopter.

"He's always in the South of France. I don't think he's ever down here.

"I think he was down here at Christmas time."

Sir Jim's property empire across the New Forest have one couple concerned.

The wife, who did not want to be identified, said she "worries" about his plans for the "rows and rows" of homes Sir Jim allegedly owns.

She said: "What if he takes over? What is his plan?"

The businessman's presence has also attracted bad characters.

One source said the billionaire was allegedly the target of burglars who ransacked his home several years ago.

The thieves are said to have made off with builders tools and equipment.

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Sir Jim's Ineos operates 194 sites across 29 countries and employs more than 26,000 people.

He was approached for comment.

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Inside new Man Utd owner Sir Jim Ratcliffe's 'secret' life in the UK (2024)

FAQs

How rich is Sir Jim Ratcliffe? ›

The 71-year-old Sir Jim recently ran the London Marathon and despite the loss of more than £6bn, he is still worth more than £23.5bn.

How much did Sir Jim Ratcliffe pay for Man Utd? ›

Manchester United: Sir Jim Ratcliffe's £1.25bn deal for 27.7% stake is completed. Sir Jim Ratcliffe's deal to buy a 27.7% stake in Manchester United has been completed. The British billionaire's investment is worth about $1.6bn (£1.25bn).

Does Sir Jim Ratcliffe have children? ›

Personal life. 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.

Is Jim Ratcliffe self-made? ›

Self-made billionaire Sir Jim Ratcliffe turned his life around to become the richest businessman in Britain.

Who is the richest person in Britain today? ›

Gopi Hinduja and his family were crowned the richest people in the UK again, with their wealth hitting £37.2bn, the largest fortune ever recorded by the newspaper.

Does Jim Ratcliffe own any football clubs? ›

INEOS' Sir Jim Ratcliffe is co-owner of Manchester United with a minority investment in the club and sporting control. INEOS wholly owns OGC Nice in French Ligue 1 and FC Lausanne-Sport in the Swiss Super League.

Who is the richest player at Manchester United? ›

Highest-paid players at Manchester United
  • Jadon Sancho - £18.2 million per year, £350,000 per week.
  • Raphael Varane - £340,000 per week.
  • Casemiro - £300,000 per week.
  • Mason Mount - £250,000 per week.
  • Anthony Martial - £250,000 per week.
  • Bruno Fernandes - £240,000 per week.
  • Antony - £200,000 per week.
Jul 17, 2023

Is Sir Jim Ratcliffe a man-UTD fan? ›

Fans who are disillusioned by the club's direction under the widely reviled Glazer family will be hoping Sir Jim Ratcliffe, a life-long Manchester United fan, can help both on and off the pitch. Here, Sky News looks at what we know about the billionaire - and what impact he could have.

Who is a billionaire in the UK? ›

Three of Britain's richest billionaires - vacuum inventer James Dyson, gambling boss Denise Coates and Virgin chief Richard Branson. Forbes magazine has announced its annual World's Billionaires list - billed as being "the definitive ranking of the world's richest people".

Who owns Man United? ›

INEOS will hold the deciding vote on all football-related matters, such as transfer policies, shaping the club's future direction. However, the Glazer family, who have owned the club for almost two decades, remain in overall charge.

How much is Manchester United worth? ›

Sportico values Manchester United at $6.2 billion in our second annual look at the top 50 clubs, which was compiled based on a review of financial statements and more the 50 conversations with bankers, investors, consultants and team executives.

Is Jim Ratcliffe richer than the Glazers? ›

Sir Jim Ratcliffe Net Worth

That's around four times the wealth of the Glazer family.

Who is the richest person in the UK Forbes? ›

2017 British billionaires list by Forbes magazine
World rankNameNet worth (USD)
18Jim Ratcliffe32.0 billion
64Hinduja family19.8 billion
65David and Simon Reuben15.3 billion
250Ian and Richard Livingstone5.8 billion
50 more rows

Who is the richest man in York? ›

1 – Malcolm Healey, 79

The kitchen company magnate should have made a decent return earlier this year from selling eBuyer, his electrical goods business.

Who is the richest man in the North East? ›

Gopi Hinduja and his family top the list with assets worth a staggering £37.2bn.

Who was the richest man in history BBC? ›

Mansa Musa ruled over the Mali empire in the 14th Century, and his incredible access to gold made him arguably the richest human to have ever lived.

Who is the richest person New Hampshire? ›

NH's only billionaire is Rick Cohen, per Forbes.

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