![]() ![]() The move came soon after he was knighted by the Queen for 'services to business and investment'. Sir Jim was the UK's third highest individual taxpayer and forked out £110million in 2017-18, according to the Sunday Times tax list. In the UK, meanwhile, the highest tax rate is 45% on income above £150,000-a-year. People who live in Monaco for at least 183 days a year do not pay any income or property taxes. In 2020, he was slammed for following a raft of rich Britons including Topshop boss Phillip Green and his wife Tina in relocating from the UK to Monaco where he is expected to save an estimated £4billion in tax. Sir Jim married his first wife Amanda Townson in 1985 and they had two sons, George (pic) and Samuel. It was built as a beach-side summer retreat and for entertaining visitors such as King Edward VII. His New Forest home was previously a mixture of marshland and agricultural field before the first building, a bungalow known as The Bung, was built in the late 1890s for Lord Montagu of Beaulieu. He owns a luxury home in Monaco, a mega house in Lake Geneva, Switzerland, near former F1 World champion Michael Schumacher's £5million mansion, and a 260ft super-yacht, Hampshire II. Sir Jim grew up in a Manchester council house and bought BP's chemicals division in 1992, renaming it Inspec and then Ineos, which sells 60million tonnes of petrochemicals a year used in industries from food packaging to car manufacture, with 17,00 employees in 16 countries. The other is used for storing a cherry picker, trailer, tractor flail, fertiliser spreader, three chainsaws and a leaf sucker. Pictured: The design of the barn being contested ![]() Now the billionaire faces a new battle with planners to secure approval for two huge barns built without consent. ![]()
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