British billionaire Sir Jim Ratcliffe is facing a revolt from Icelandic farmers after he bought up vast tracts of the country’s pristine wilderness to secure fishing rights to rivers there.
Accounts for the British holding company for his Icelandic operations, Halicilla, reveal how he has spent £36.2 million on farms in Iceland since 2016 as part of his project to conserve the North Atlantic salmon.
But new laws introduced amid concerns over Ratcliffe’s spending spree means he could be banned from making further land purchases there.
British billionaire Sir Jim Ratcliffe is facing a revolt from Icelandic farmers after he bought up vast tracts of the country’s pristine wilderness to secure fishing rights to rivers there