Bloomberg Billionaires Index

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# 404 John Reece $5.16B

Random fact: Is a Fellow Chartered Accountant.


Reece is the finance director and a minority owner of Ineos, a closely held chemicals manufacturer. The London-based company has 22,000 employees, operates in 26 countries and has annual revenue of about $60 billion. It produces about 60 million tons of chemicals each year, including polymers and resins.

As of :
Last change -$202M ( -3.8%)
YTD change -$769M ( -13.0%)
Industry Industrial
Biggest asset Ineos
Citizenship United Kingdom
Age 63
Wealth Self-made
View net worth over:   Max 1 year 1 quarter 1 month 1 week

Relative Value

John Reece's net worth of $5.16B can buy ...

troy ounces of gold
barrels of crude oil

... and is equivalent to ...

of the GDP of the United States
of the total wealth of the 500 richest people in the world
of the top 100 U.S. college endowments
of the top 200 U.S. executives’ total awarded compensation
of U.S. existing home sales
times the median U.S. household income

Latest News

Net Worth Summary

Private asset
Public asset
Misc. liabilities
Confidence rating:

Reece's fortune is derived from his minority stake in Ineos, a closely held chemicals manufacturer. He's calculated to own 15% of Ineos, based on a Bloomberg analysis of a 2014 U.K. government filing and the 2018 annual report of subsidiary Ineos Group Holdings. The London-based company is valued based on a calculation of the group's average Ebitda and the average enterprise value-to-Ebitda multiple of three publicly traded peer companies: BASF, LyondellBasell Industries and Saudi Basic Industries.

The Ebitda figure used in this analysis has been calculated by Bloomberg from the five-year average Ebitda of subsidiary Ineos Group Holdings between 2014 and 2018. This average is 2% lower than the subsidiary's 2018 unadjusted Ebitda figure. The same discount has been applied to the group's calculated Ebitda figure for 2018 to approximate the group's five-year average Ebitda figure. The calculation was updated to reflect the company's 2018 results on March 5, 2019, which resulted in a $1 billion gain in Reece's net worth on that date.

The company reports production output of 60 million tonnes, revenue of about $60 billion and has 22,000 employees working in 26 countries, according to its website as of Jan. 6, 2020.

Richard Longden, a spokesperson for Ineos, didn't respond to an emailed request for comment on Reece's net worth.


Birthdate: 1/1/1957
Family: Unknown, No children
Education: University of Cambridge

John Reece was born in 1957. He studied economics at Cambridge University.

He joined Ineos as finance director in January 2000 having previously been a partner at accountancy firm PricewaterhouseCoopers.

  • 1957 John Reece is born.
  • 1992 Jim Ratcliffe leads buyout of Inspec Group.
  • 1998 Laporte Performance Chemicals buys Inspec Group.
  • 2000 Joins Ineos as Finance Director.
  • 2006 Ineos buys BP's refineries in Europe and Canada.
  • 2013 Stand-off with union at Scottish refinery attracts national attention.
  • 2016 Ineos vessel transports first shale shipment from U.S. to Europe.
  • 2018 Jim Ratcliffe moves to Monaco.