He is also funding Kenyan Eliud Kipchoge's bid to break the two-hour marathon threshhold. But now we know for sure that whatever it is that Ineos stands for, it certainly is not British manufacturing, or British solidarity.But what does he care? Sir Jim, Britain's richest man last year and still No 3 on the Sunday Times Rich List, came from modest roots in Greater Manchester. Britain's richest man and Brexit supporter Jim Ratcliffe, seen here in 2019, has abandoned plans to build a new SUV in the United Kingdom. ", But he was astonished at how the Government was mishandling our EU exit. Jim Ratcliffe carrying Britain on his back, or at least in the back of a modern Defender. Brexit-backing billionaire Jim Ratcliffe is in talks to build his Grenadier off-road vehicle, a paean to Britain’s adventurous spirit, in France. Jim Ratcliffe: pro-Brexit British tycoon expanding motor business British chemicals tycoon Jim Ratcliffe has signed a sponsorship deal with Mercedes' F1 team "At Ineos, we like excellence," he says. We can thrive as an independent nation, we don't need people in Europe telling us how to manage our country. In it, Ratcliffe championed British ideals, pairing “rigour and grit” with “politeness and charm,” and reassuring the country by saying, “The betting money was on short-term pain and long-term gain.” But the thing is, he doesn’t get to lecture the U.K. about the ups and downs of their economy. — AFP LONDON: Chemicals tycoon Jim Ratcliffe, who has bought Daimler's Smart car factory in north-eastern France, is a reclusive British billionaire with high-profile ventures in sports and auto manufacturing. Products of the Week: Fruity Pebble Cake, Rhone Cycling Shorts and Zodiac Vans, The 7 New DC Restaurants You’ve Gotta Try in 2021, Display All Your Holiday Booze on One of These Discounted Bar Carts, Todd Snyder Winter Sale Styles Are Now Up to 70% Off, The New Western Canon: 15 Contemporary Novels That Revived America’s Quintessential Genre. Sir Jim Ratcliffe, who has a personal fortune of £18billion and who owns 60 per cent of the largest privately-owned company in the world, says a country led by Corbyn's Labour party is "unthinkable". Home France News Jim Ratcliffe: Brexit billionaire to build Grenadier SUV in France France News Jim Ratcliffe: Brexit billionaire to build Grenadier SUV in France It's not a place I want to go." Sir Jim himself has spent £110million on Ineos Team UK in the America's Cup, and is determined to see British sailors defeat the US for the first time in well over a century. Instead, the vehicle will be built in France at a former Mercedes-Benz factory, as the site “gives excellent access to supply chains, automotive talent and target markets,” according to a press release. Jim Ratcliffe: pro-Brexit British tycoon expanding motor business AFP 2/10/2020. Prominent Brexit supporter Sir Jim Ratcliffe has ditched plans to build Ineos' new range of 4x4 cars in the UK and will now build them in France. A post shared by INEOS Grenadier (@ineos_grenadier). "I have great faith in the British public that we will not go down that road. We have official symbolic representatives here in the U.S., like the bald eagle and the Statue of Liberty, as well as unofficial but no less recognizable emblems of our country, like American football or Guy Fieri. His expertise in the field makes him a keen supporter of fracking. What happened? "One of the things that most irritates me is English products that are not the same quality as German or Japanese”. Despite his business success, Ratcliffe has long been an enigma and privacy is also a hallmark of his Ineos group. “safeguards many jobs that might otherwise have been lost”, Why the Internet Was Always Going to Hate the New Land Rover Defender, The Story Behind America’s Biggest Land Rover Party, How Overlanding Has Changed Since the “First” Journey in 1955, The Lore of Tommy Lasorda, One of Major League Baseball's Last Great Characters, The Director of the Madrid Open Wants Serena Williams to Retire Because of Her Weight, 21 Trends That Will Define the Lives of American Men in 2021, How You Should Be Watching Porn, According to Performers, To Survive a COVID-19 Winter, Bars Are Becoming Something More. In fact, the company has said since the beginning that while they hoped to build the off-roader in the U.K., they would look at “other European options” for manufacturing as well. Jim Ratcliffe (left) and Mercedes Team Principal Toto Wolff (right) have previously had differing views on Brexit Photo: AFP / Tolga AKMEN. Jim Ratcliffe has been an outspoken supporter of Brexit, saying "We are an island, we are an independent people. Get InsideHook in your inbox. It doesn't leave a hole in the ground that's going to collapse. Copyright © 2021 InsideHook. To be fair to Ratcliffe and the entire team at Ineos Automotive, the move of the Grenadier factory from Wales (and Portugal) to Hambach, France, isn’t all part of some dastardly, hypocritical one-percenter scheme. Sir Jim Ratcliffe, the richest man in the UK, is set to move to tax haven Monaco along with his £21bn fortune.. All we've done in the last 30 years is close chemical facilities down. His big break was forming Ineos to buy unwanted petrochemical operations from BP, ICI and others, building up a company that employs 19,000 people in 24 countries and generates annual sales of almost £50billion with profits of £4.7-5.5billion. In June 2016, when a slim majority of Britons voted to leave the E.U. Ratcliffe, an outspoken proponent of Brexit with a $19 billion fortune, is committing to the plan barely a week after Jaguar Land Rover unveiled a revamped version of the 70-year-old Defender. Pro-Brexit billionaire Jim Ratcliffe’s company Ineos Automotive said it will produce its 4x4 car in France from 2021, despite having previously pledged to build the “British spirit”-infused car in the UK. We will use your email address only for sending you newsletters. newspaper archive. Sign up for InsideHook to get our best content delivered to your inbox every weekday. A runner himself, he doesn't have an overly extravagant lifestyle although he did spend five weeks motorbiking in the Andes. The Grenadier was supposed to be a U.K. comeback story. The 65-year-old who is the CEO of chemical firm Ineos and has an estimated fortune of £21 billion is leaving this shores and jetting off to live in luxurious Monaco on a … "If the argument is that you've made a lot of money and you've got to pay tax on it then I would have to move to America or Germany or Belgium where I've made a lot of money - but I've never made any money in the UK. News, advice and insights for the most interesting man in the room. The Defender was birthed from the wreckage of World War II, and despite finding inspiration from American jeeps (lowercase “j”), the 4×4 quickly established itself as a tough, utilitarian off-road icon, introduced at a time when the U.K. happily latched onto its accomplishments at home as it retreated from global conquest. Sir Jim says a country led by Corbyn is "unthinkable", Sunday Times Rich List 2018: Tycoon Sir Phillip Green loses £787m, Marr labels Change UK 'incompetent' in FIERY clash with Chuka Umunna, The entrepreneur said he has never made money in the UK, Grangemouth oil refinery owned by Ineos uses environmentally friendly technology, "We will see through Marxist Jeremy Corbyn", said Ratcliffe, Fracking: SNP lawyer tells Ineos hearing that drilling is NOT banned, Britain's wealthiest man: From council house to super-yacht, The billionaire with Eliud Kipchoge, who he is funding to break the two hour marathon, BREXIT LIVE: Labour urges ‘confirmatory’ public vote in May's new deal, Ridge SNAPS at Labour 'throwing stones' at May amid Brexit chaos, Soubry confronted with Change UK low poll numbers ahead of EU vote. Billionaire Sir Jim Ratcliffe, a Leave campaigner in the run-up to the 2016 Brexit referendum, has confirmed a new 4x4 vehicle will be built in France. Ineos utilises cutting-edge, environmentally friendly technology. We can thrive as an independent nation, we don’t need people in Europe telling us how to manage our country. Sir Jim has spent £2.5billion keeping open four chemical facilities in the UK, including Grangemouth Refinery on the Firth of Forth near Edinburgh. We are a very creative nation, hard-working. and the U.K. took another major step in its global retreat, the country once again turned to the Defender for strength. It's free. "Finest plot on the south coast," he says, revealing he was inspired to buy it by former owner Helen Tew who sailed the Atlantic both ways in a 26ft cutter when she was 89. Sir Jim Ratcliffe might not be a name that is immediately recognisable to most, but he just happens to be the richest man in the UK. It clearly is a possibility, unthinkable, but we have to think about it. 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