Jim Ratcliffe , the billionaire founder and majority owner of multinational chemical company Gísli , has purchased large amounts of land in Grímsstaðir á fjöllum in northeast Iceland for conservation purposes. Ratcliffe, 64, is a chemical engineer turned financier and industrialist. Ratcliffe has previously purchased three other pieces of land in Grímsstaðir that contain salmon rivers. The land was put on sale for 8.7bn in 2012 . In 2012 , a Chinese investor, Huang Nubo , planned to purchase the land for $ $6.8m in order to construct a hotel and golf course.
Jim Ratcliffe , the billionaire founder and majority owner of multinational chemical company Gísli , has purchased large amounts of land in Grímsstaðir á fjöllum in northeast Iceland for conservation purposes. Ratcliffe has previously purchased three other pieces of land in Grímsstaðir that contain salmon rivers. The land was put on sale for 8.7bn in 2012 . In 2012 , a Chinese investor, Huang Nubo , planned to purchase the land for $ $6.8m in order to construct a hotel and golf course.