Jim Ratcliffe was knighted in 2018.VALERY HACHE/AFP via Getty Images Jim Ratcliffe is one of Britain's richest people who's worth more than $11 billion, per Bloomberg. A lifelong Manchester United fan, the 70-year-old is one of the bidders for the soccer team. From owning a cycling team to sponsoring the Mercedes-AMG Petronas F1 team, here's a look at his life. Jim Ratcliffe is the founder and chief executive of Ineos, one of the world's largest chemical companies.Getty/Bertrand GuaySource: IneosA lifelong Manchester United fan, Ratcliffe submitted this week for the soccer team.Getty/Catherine IvillSource: BBCHe's vowed to "put the Manchester back into Manchester United."Peter Byrne/PA Images via Getty ImagesSource: BBCRatcliffe is competing against Qatar's Sheikh Jassim bin Hamad Al Thani, who submitted a revised bid for the club on Saturday, and Finnish entrepreneur Thomas Zilliacus, per BBC Sport.Peter Byrne/PA Images via Getty ImagesSource: BBCThe initial bids were thought to be about $4.2 billion, per Sky Sports News.