MANCHESTER-born billionaire Sir Jim Ratcliffe is reportedly leaving the UK to live in Monaco.

According to a report in The Telegraph Sir Jim Ratcliffe, who is the UK’s richest man, has decided to move to the tax haven.

The businessman, who was knighted in the summer, was brought up in a council house in Failsworth on the border between Oldham and Manchester.

The 65-year-old who is the son of a carpenter is worth an estimated £21bn and he came top of The Sunday Times Rich List.