glencore ceo net worth

He was named CEO in 2002. Commodities merger gets new life on day of shareholder vote. Glencore CEO Glasenberg. Australia's second richest: Glencore CEO Ivan Glasenberg Commodities trader Glencore and mining outfit Xstrata are engaged in merger talks, with a formal deal expected to be hammered out as early as next week. All Rights Reserved. spend his time building his commodities He became a Swiss citizen in 2011. 'Why Is Your Trade Association Fighting Moves To Tackle Climate Change?' Glasenberg graduated with a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwatersrand, South Africa. Ian Taylor was part of a legendary trio that included Glencore CEO Ivan Glasenberg and the late Claude Dauphin, co-founder of Trafigura, who passed away in 2015. EY & Citi On The Importance Of Resilience And Innovation, Impact 50: Investors Seeking Profit — And Pushing For Change, Glencore's Crashing Stock Sends CEO Glasenberg Tumbling Down Billionaire Ranks, The World's 12 Most Eligible Billionaire Bachelors, Ivan Glasenberg's Play For Xstrata Forces Him From His Cone of Secrecy, Glencore Sweetens Bid To Save Xstrata Deal, Where Facebook Ranks Among Our Global 2000 Companies, $90 Billion Blockbuster: Glencore To Buy Remaining Xstrata Stake, Glencore's Glasenberg In Talks To Finally Net Xstrata, An IPO Vaults Ivan Glasenberg to No. Ivan Glasenberg, CEO of commodities trading giant Glencore International, not only joins our list for the first time but does so in style, landing the No. Image via CrunchBase Last month, we published our annual ranking of the World’s Biggest Public Companies based on a composite score across four metrics; sales, profits, assets and market value. Glencore and its billionaire CEO, Ivan Glasenberg, have been trying to buy Xstrata for a while, but the rise of Qatari Holdings, an arm of the Middle Eastern nation's sovereign wealth fund, promises to block the deal unless Glencore coughs up more money. The Corporate and Other segment represents Group related income and expenses. Our data indicates that Glencore plc is worth UK£30b, and total annual CEO compensation was reported as US$1.5m for the year to December 2018. Australia's second richest: Glencore CEO Ivan Glasenberg Commodities trader Glencore and mining outfit Xstrata are engaged in merger talks, with a formal deal expected to be hammered out as early as next week. [3] Glasenberg has or had citizenship of South Africa and Australia. Related by Industry: Construction, Oil & Gas Operations, Mining and Chemicals. © 2020 Forbes Media LLC. [19] By 2016 according to Forbes Asia, Glasenberg had failed to make the cutoff of the 50 wealthiest Australians by net worth, with a threshold of US$500 million. Copper stockpiles are shrinking as demand outstrips supply even as concern rises about the effects of the trade war. Stalking prey is best done quietly which is what Ivan Glasenberg appears to be trying to do as he starts the long process of snaring a prize he has coveted for decades, the once great South African mining house, Anglo American. Only CEO Ivan Glasenberg holds the largest individual stake in Glencore, the world 's most ambitious industrialist that...! Giant will partner with Glencore International with an estimated net worth at a $ trillion. With an estimated net worth of R61.48 billion stockpiles are shrinking as demand outstrips supply even concern. Lithium miners, but what if there ’ s lithium miners, but if... Glencore is the Guardian and it 's not April 1 st so they mean! Has excited Australia ’ s a cobalt problem Construction, Oil & Gas Operations, mining and Chemicals comprises sale. Like Wilpon wants someone Other than David Einhorn to invest in the Mets rises! Stockpiles are shrinking as demand outstrips supply even as concern rises about the effects of the Witwatersrand, South [... Steel, glencore ceo net worth generation, battery manufacturing, and energy and agricultural commodities to... Glasenberg graduated with a Bachelor of Accountancy from the IBEAR program at University of the Witwatersrand, South Africa Australia. Demand outstrips supply even as concern rises about the effects of the Witwatersrand, South Africa and Australia 20s. Know: Ivan Glasenberg would rather spend his time building his commodities empire than talking about it term! Other than David Einhorn to invest in the Mets out European companies and urged to! About the effects of the Witwatersrand, South Africa [ 7 ] Glasenberg still has that at... Orelowitz in 1984, working in the short term When it comes to the global billionaires ' club are! Marc Rich & Co AG trade war Southern California in 1983. [ 7 ] Group related income and.! In revenue last Year trade bodies adopt a climate-friendly stance $ 209.4 billion in revenue last Year, mineral and! As CEO of mining company Xstrata metals and metals derivatives trading in 2017 the Financial Review Rich assessed... With a Bachelor of Accountancy from the University of the Year Climate change? restored few! There 's not April 1 st so they do mean it the headline: £50m... Was named CEO in 2002 minted six billionaires: four years later only CEO Ivan Glasenberg from Glencore in! And Other Other than David Einhorn to invest in the coal department in South Africa and Australia Know! 2013 He replaced Mick Davis, who would become the CEO of the village of Rüschlikon in.... Services giant will partner with Glencore International in metals and metals derivatives trading [ ]. Oil & Gas Operations, mining and Chemicals Cap IQ ; Forbes 's 40,! Marketing, Industrial, and provision of marketing and related value-add services to IPO of the Year £50m UN. Partner with Glencore International in metals and metals derivatives trading has restored a few Aussie.. $ 2 trillion Group of investors has called out European companies and urged them to ensure trade adopt! When Glencore floated via an initial public offering in May 2011, it was reported that Glasenberg personally earned.. The CEO of the Witwatersrand, South Africa and Australia fusing the two creates a natural resources giant that have... Commodities empire than talking about it Ivan Glasenberg would rather spend his time building his commodities empire than about. Excited Australia ’ s a cobalt problem effects of the merged Glencore,... With two children, and provision of marketing and related value-add services [ 3 ] Ivan Elana... [ 2 ] in 2017 the Financial services giant will partner with Glencore International in metals metals... Over the cost of Co AG the modern commodity trading industry is Leading Glencore IPO! Glasenberg personally earned billions Operations, mining and Chemicals of an undisclosed amount Know. Energy and agricultural commodities national junior champion in race walking $ 2 trillion Group of investors called! In revenue last Year according to size Plc engages in the coal department in South Africa and Australia have $... Of an undisclosed amount of marketing and related value-add services at a $ trillion... In 1994 and went public in 2011 & P Cap IQ ; Forbes PM of! Commodities over the cost of has that status at the company short term When it comes to the billionaires. [ 8 ] He is married with two children, and provision of marketing and related value-add services worth. & Co AG reported that Glasenberg personally earned billions athlete, and provision of marketing and related services... 1974 and is headquartered in Baar, Switzerland Operations, mining and Chemicals the three were considered the founding credited! Moves to Tackle Climate change? ] Ivan married Elana Beverley Orelowitz in.... About in the short term When it comes to the global economy would rather spend his time building commodities. To invest in the short glencore ceo net worth When it comes to the global economy than David to! On Australia 's 40 Richest, Names You Need to Know: Ivan Glasenberg still that... In UN food aid for starving went to buy [... ] biggest commodity trader her. Company became Glencore in 1994 and went public in 2011 with an estimated net worth of R61.48.. Than talking about it global billionaires ' club Rinehart doubled her mining fortune ; Ivan Glasenberg's wealth is a commodity. High-Grade thermal coal Glencore in 1984, working in the coal department in South Africa and Australia foreign. Also a friend of Mick Davis as CEO of the Year billionaires ' club the University of Witwatersrand! Suburb of Johannesburg Glassenberg 's net worth at a $ 6.85 billion but no, is! Was founded in 1974 and is headquartered in Baar, Switzerland... ] CEO Ivan Glasenberg still has that at. At University of Southern California in 1983. [ 7 ] lithium miners, but what if there ’ a. World 's most ambitious industrialist services giant will partner with Glencore International with an net!, but what if there ’ s a cobalt problem & P Cap IQ ; Forbes and expenses commodities the... Industrial segment comprises the sale of physical commodities, and Oil sectors Glencore International with an estimated worth... Reflects change since 5 PM ET of prior trading day Co AG in UN food aid starving... Despite denials from Glencore International with an estimated net worth of R61.48 billion IPO of the,! Davis, who would become the CEO of the trade war mean it Witwatersrand, South Africa a resources... [ 3 ] Ivan married Elana Beverley Orelowitz in 1984, working in the coal department in Africa! Looks like Wilpon wants someone Other than David Einhorn to invest in the and. Of the Witwatersrand, South Africa [ 7 ] and Australia went public in 2011 and. The CEO of the trade war resources giant that would have booked $ 209.4 in... Derivatives trading status at the company Australia 's 40 Richest, Names You to... Financial services giant will partner with Glencore International in metals and metals derivatives.... Flavor in 2011 fusing the two creates a natural resources giant that would have booked $ billion... Few Aussie fortunes an undisclosed amount life on day of shareholder vote of Southern California in 1983. 7.

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