Jim’s £25 million gift to business school

INEOS chairman Jim Ratcliffe has donated £25 million to the London Business School where he earned his MBA.

The money will secure the future of the Regent’s Park building for the next 125 years. “I owe a lot to the London Business School,” said Jim. “It is one of the best business institutions in the world.”

Jim obtained his MBA in 1980 while working for Exxon Chemicals as a chemical engineer. Eighteen years later he founded INEOS which is now one of the biggest petrochemical companies in the world with 17,000 employees and sales of more than $54 billion.

Professor Sir Andrew Likierman, Dean at the London Business School, described the donation as ‘incredibly generous’.

“This will mean that future generations of students will have the benefit of studying in one of London’s most beautiful and historically important buildings,” he said.

As a thank you, the London Business School has also named its main Nash terraced building as The Ratcliffe.