#capitalism #HNW (High Net Worth) #Money #INEOS Explainer: O dear, Sir Jim now worth only £23.5bn, down £6.2bn) . Company debt = £10.6bn . Even Bear of little Brain (#BOLB) senses some unnecessary hand wringing. £10.6bn is a lot of leverage (i.e. 'he owns his creditors' : The McAwber principle £1 of debt, you own the bank! They need you if they want their (?) dosh back.) n.b. This principle only works for us little people if you are smarter than your bankers, lol.
https://www.theguardian.com/business/2025/apr/20/jim-ratcliffe-chemicals-business-under-pressure-from-trump-tariffs-moodys-ineos-quattro?CMP=share_btn_url