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Britain's richest man heads into tax exile

By Julian Shea in London | China Daily | Updated: 2018-08-10 07:35

The United Kingdom's wealthiest man, who is also a leading Brexiteer, is reportedly leaving the country to live in the Mediterranean tax haven of Monaco.

Petrochemical engineer Sir Jim Ratcliffe, 65, has a fortune estimated at more than 21 billion pounds ($27 billion), according to the 2018 Sunday Times rich list.

The son of a joiner and an office worker, he studied chemical engineering at university and went on to set up Ineos, a company with an annual turnover of 45 billion pounds, which employs more than 18,500 people at 181 sites in 22 countries. Its products can be found in food packaging, insulation, antibiotics, and the production of toothpaste.

Britain's richest man heads into tax exile

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