How rich is Ivan Glasenberg?
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Ivan Glasenberg, (born 1957 in South Africa) is the CEO of Glencore Xstrata, among the planet ‘s biggest commodity trading and mining companies. Glasenberg is called a South African-Australian-Israeli threefold citizen. He became a Swiss citizen in 2011. He’s also on the boards of mining companies Xstrata plc and Minara Resources Ltd.
Glasenberg joined Glencore in 1984, working in the coal section in South Africa and Australia. He managed Glencore’s Hong Kong and Beijing offices from 1989 to 1990, and became head of the organization ‘s coal section in 1991. He was named CEO in 2002. Glencore is the corporate successor to Marc Rich & Co AG. As of August 2011, it’s been reported that, because of the economical climate, Glasenberg lost GB788 million as his share price plummeted 13.2 per cent leaving his 15.8 per cent of the business worth GB4.7 billion. In September 2011, using his own dividends, Glasenberg began purchasing a bigger share of Glencore, buying as much as yet another US$54 million of Glencore stock. Glasenberg became CEO of the mergered thing created when Glencore and Xstrata finalized among the biggest mining company amalgamations in history developing a US$88 billion business.