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Manchester United bidder Sir Jim Ratcliffe rises to second on the Sunday Times rich list as his fortune reaches £29.688BILLION

Manchester United bidder Sir Jim Ratcliffe has risen to second on The Sunday Times Rich List with a fortune close to £30billion.

The chief executive of chemical company INEOS, Ratcliffe, has bid to take over from the Glazer family and remains in the driving seat.

The 70-year-old faces strong competition from Qatari businessman Sheikh Jasim, who submitted a final 'take it or leave it' offer to take over Manchester United.

Ratcliffe, who was ranked 27th on the 2022 Sunday Times Rich List, has now risen to second in the 2023 ranking with wealth believed to be £29.