Jim Ratcliffe’s net worth towers above Abramovich’s as tycoon bids for Chelsea

Sir Jim Ratcliffe has a net worth that mammoths that of Chelsea owner Roman Abramovich.

The British billionaire, 69, has launched a £4billion bid to buy the Premier League side from the Russian, who put it up for sale last month.

And if the country’s richest man were to own the club, the Blues would find themselves with an owner whose wealth is greatly more significant than that of their current steward. Ratcliffe has a net worth of £12.11billion, with some suggesting that it goes as high as £22billion, while Abramovich has a net worth of around £6.38billion, with the highest sum being a reported £10.37billion.

In an extraordinary turn of events, Ratcliffe, who earned his money in chemical engineering, said via The Times that he had put in a late £4billion bid to buy the west London club.

He said via the publication on Friday: "We put an offer in this morning. We are the only British bid. Our motives are simply to try and create a very fine club in London. We have no profit motive because we make our money in other ways."

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The tycoon, who is also the owner of petrochemicals giant, Ineos, bid faces rivalry from three US bidders. But things are in full wing as he has reportedly held discussions with Chelsea chairman Bruce Buck on Thursday.

It’s believed that Ratcliffe intents to put forward some £1.75billion on the club over the next decade. The businessman is a Chelsea fan and has even been known to attend home games.

The move comes as a surprise as, speaking in 2019, he said: "Even though clubs have those valuations today, nobody has ever paid those amounts of money. How much did Abramovich pay for Chelsea, £100 million? The Glazers, what £500 million? You can say it's worth three, four billion but no one has ever paid those sums.”

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