Ivan Glasenberg’s profile picture

Ivan Glasenberg

Ivan Glasenberg’s profile picture
Net worth 2018: $6.49 Billion
Industry: Metals & Mining
Residence: Ruschlikon, Switzerland
Country: Switzerland
BirthDay: 1957
Children: 2
Education: Bachelor of Arts / Science, University of Witwatersrand; Master of Business Administration, Marshall School of Business
BIOGRAPHY

Ivan Glasenberg was bornon 1957 in Ruschlikon, Switzerland, Switzerland. Ivan Glasenberg is #267 in List Billionaires People In The World. Ivan Glasenberg holds the biggest private stake in the world's biggest commodity trader, Glencore, with 8.4% of the company. Glasenberg earned his MBA from the University of Southern California in 1983 and got his start with the late legendary oil trader Marc Rich, working as a marketer in the coal and coke department of Marc Rich & Co. in his native South Africa. By the time management bought out Marc Rich & Co. and re-branded it as Glencore in 1994, Glasenberg had risen to the post of worldwide director. He burst into the billionaire club in 2011 when Glencore went public in 2011. He is a former South African race-walking champion.

NET WORTH STATISTIC
2012

$7.3 Billion

2013

$6.7 Billion

2014

$6.3 Billion

2015

$5.1 Billion

2016

$2.1 Billion

2017

$5.1 Billion

2018

$6.49 Billion

TIMELINE
2017

In 2017 the Financial Review Rich List assessed Glassenberg's net worth at A$6

2016

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

2013

In 2013 he replaced Mick Davis as CEO of the merged Glencore Xstrata, with a salary of an undisclosed amount

2012

In April 2012 it was reported that Glasenberg held more than 15 per cent of Glencore's stock, placing him as the 20th richest mining billionaire, with Forbes estimating his net worth at US$7

2011

When Glencore floated via an initial public offering in May 2011, it was reported that Glasenberg personally earned billions

2005

In 2005, BusinessWeek referred to Glasenberg as a key figure in the secretive commodities trading of Marc Rich's company Mark Rich & Co

2002

Glasenberg has served an executive director of Xstrata Plc (since 2002); and as a non-executive director of Minara Resources Ltd (since 2000); of Rusal Plc (since 2007); and Century Aluminum Co

1989

He managed Glencore's Hong Kong and Beijing offices from 1989 to 1990, and became head of the company's coal department in 1991

1984

Glasenberg joined Glencore in 1984, working in the coal department in South Africa and Australia

1983

He received his MBA from the IBEAR program at University of Southern California in 1983

1957

Glasenberg was born in January 1957 in South Africa to a Jewish family

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