Good Bad Billionaire Sir Jim Ratcliffe: Man U mogul
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Mar 12, 2024 Discover how Jim Ratcliffe, the billionaire behind Manchester United, made his fortune through daring investments and impressive acquisitions. From mortgaging his house for business to investing in cycling and sailing, his journey from petrochemicals to football ownership is full of risk and reward.
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Humble Beginnings
- Jim Ratcliffe grew up in a council house and cycled 20 miles daily to school.
- His father worked as a joiner, and his mother worked in accounts for the local council.
Career Shift
- Despite studying chemical engineering, Ratcliffe briefly worked at BP before his eczema led to a pivot.
- He pursued accountancy and an MBA, merging industrial and financial thinking.
Financial Acumen
- Ratcliffe's MBA sparked a fascination with corporate finance.
- This shaped his approach to acquisitions and deal-making, crucial for his fortune.