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America's Cup backer tops Sunday Times Rich List

Jim Ratcliffe, the backer of Sir Ben Ainslie's new America's Cup Team - Ineos Team UK - has become the first British-born Industrialist to top the Sunday Times Rich List.Jim Ratcliffe and Ben Ainslie -

Mr Ratcliffe, chief executive of the chemical and oil products company Ineos, topped the latest edition of the Sunday Times Rich List with a fortune of £21.05 billion.

The world of America's Cup sailing could be in for an exciting ride.

When announcing his £110 million investment in Ben Ainslie's America’s Cup team, the previous sponsors, Land Rover and 11th Hour Racing, and some private backers, were only informed a few days before.

And since the take-over he has fallen out with the British Olympic Association and renamed the team "INEOS Team UK" after he claimed he was asked for a multi-million sum by BOA to use Team GB.

America's Cup - What's in a Name?


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