atans1

Advice from UK’s richest man

In Uncategorized on 28/06/2018 at 4:29 am

Through buying up and turning around the cast-off parts of big business, the Mancunian has made his £21bn fortune.

From operations once owned by the likes of oil giant BP, Mr Ratcliffe has created a company whose chemicals and raw materials go into nearly everything we touch every day.

And it only took him 20 years to do it.

Ineos is now worth £35bn, according to The Sunday Times Rich List – based on Mr Ratcliffe’s strategy of buying “unfashionable or unsexy facilities owned by large corporations where you’d know they would be sloppy with the fixed costs”.

http://www.bbc.com/news/business-44101223

Sadly in S’pore, TLCs and other GLCs don’t sell underperforming units because they are insulated from pressure because they dominate the local economy.

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