Chemicals, cars, Man Utd: has Jim Ratcliffe’s Ineos got the formula wrong?
Billionaire’s sprawling business empire faces financial woes as easy earnings from petrochemicals have receded
Sir Jim Ratcliffe, the billionaire chemicals magnate behind Manchester United, is a man who likes a beer. He considers this important enough to include in the eccentric mission statement pictogram he devised to “capture how Ineos works, and why”.
The Ineos Compass, which he devised in 2022, includes a dizzying array of words and phrases, divided between those that Ratcliffe likes (“a beer”, “out of the box thinking”, “doggedness”) and those that he doesn’t (“politics”, “losing money”, “people who get on the bus”). If there are clues to Ratcliffe’s vertiginous rise and recent troubles they might be here.
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