Weather
Monaco, MC
scattered clouds
11.3 ° C
14 °
9 °
50%
3.6kmh
40%
Fri
15 °
Sat
14 °
Sun
14 °
Mon
14 °
Tue
15 °
Breaking News

Transport disruptions expected to continue as union strikes roll on throughout France

UK billionaire Sir Jim Radcliffe moves to Monaco

UK billionaire Sir Jim Radcliffe moves to Monaco

By Staff Writer - August 19, 2018

The news that UK billionaire Sir Jim Radcliffe is to become a Monaco resident has caused quite a stir in Britain, given that he is not only Britain’s most wealthy individual, but also a strong opponent of the country’s EU membership. His company, Ineos, has almost 20,000 employees in 24 countries and an annual turnover of 67 billion euros.

Meanwhile, Monaco’s Official Journal records that Ineos Monaco Limited SAM was set up in March this year. The firm’s address is given as 4, avenue de Roqueville, the same as that of Tyrus Capital. The Journal de Monaco indicates in Article 4 of its listing of Ineos that the the company’s purpose is to act for the companies of the Ineos Group in the Principality of Monaco and abroad.

Sir Jim, 65, had already caught the headlines in Britain this year as he has taken the number-one spot in the league table of richest people, with an estimated worth of 23.55 billion euros. He owns 60 percent of Ineos Group, the UK company specialising in petroleum products.

He is fervently opposed to rules and regulations emanating from Brussels, as well as taxation.  According to the Sunday Times, two other directors of Ineos, Andy Currie, and chief financial officer John Reeces – both billionaires in their own right – are also planning to move to Monaco.

shares
SHARE
Previous articleMonaco miss out on home win in first game
Next articlePublic fireworks vote favours Bulgaria over Portugal

daily

December 11, 2019 | Business & Finance

Intimate photos of daily life at the Palace

Stephanie Horsman

A new photo book paying tribute to the 126 people who work behind the scenes at the Prince’s Palace and his private home, Roc Agel, has been released.

0
December 10, 2019 | Business & Finance

Red Cross entities unite

Cassandra Tanti

Prince Albert has joined a gathering of the entire Red Cross Movement in Geneva for a conference under the theme: ‘Acting today to shape the world of tomorrow’.

0
December 9, 2019 | Business & Finance

Monaco receives four new ambassadors

Cassandra Tanti

Monaco now has four new Ambassadors from Belarus, Malayia, Mali and the European Union.

0
December 6, 2019 | Business & Finance

Monaco hosts World Top Model final

Cassandra Tanti

For the first time, Monte Carlo will play host to the World Top Model final, set to take place on 14th December at the Fairmont Hotel.

0