John Reece
$5.9B
Born
Mar 07, 1957
Age
68
Source of Wealth
Chemicals
Residence
London ,
Citizenship
United Kingdom
Marital Status
Children
0
Education
Bachelor of Arts/Science, Cambridge University
- A chartered accountant, John Reece joined $68 billion (2022 revenue) chemicals conglomerate Ineos in 2000 as financial director, less than two years after its founding.
- Formerly a partner at PricewaterhouseCoopers, where he specialized in working with chemicals firms, Reece still sits on Ineos' board.
- The London-based conglomerate produces everything from synthetic oils and plastics to solvents used to make insulin and antibiotics.
- It's become one of the U.K. shale sector's largest players. Its 600-foot "Dragon Ships" were the first to transport U.S. shale gas into Europe.
- Ineos acquired two chemicals businesses from BP in 2021 for $5 billion. It formed petrochemical JVs with Sinopec worth more than $7 billion in 2022.
- In 2023, Ineos acquired $1.4 billion of U.S. onshore oil and gas assets from Chesapeake Energy. Reece derives his fortune from his minority stake in Ineos.
- Reece graduated from Cambridge with a degree in economics.
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