Ivan Glasenberg is a Swiss businessman. Earlier, he has taken citizenships of Australia and South America. Currently, Ivan is the Chief Executive Officer of Glencore International PLC, one of the world’s largest commodity trading Companies. In addition, he is the board member of the mining Companies Xstrata PLC and Minara Resources Ltd. Ivan Glasenberg is a Swiss businessman.
He earned his Glasenberg’s fortune. This was from 8.4% stake in Glencore, the world’s biggest commodities trader (2016 Annual Report). Initially, Glencore sold shares in public at the London Stock Exchange (May 2011). Later, it merged with Xstrata in May 2013. Ivan’s fortune is accessed based on investments, dividend analysis, market performance, insider transactions, taxes and charitable contributions.
Personal Life
Ivan was born on 7st January 1957 in Guateng, South Africa, to Samuel and Blanche Glasenberg. He belonged to a Jewish family. His father was a luggage manufacturer and importer and he was born in Lithuania. While his mother, Blanche was South African. The family lived in Johannesburg, a suburb of Illovo.
Education
After high school, Ivan attended the University of Witwatersrand in Johannesburg. Ivan was interested in trading after watching South Africa selling candle wax from South America to Japanese buyers. Ivan Glasenberg graduated with a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwatersrand, South Africa. Ivan completed his MBA in 1983 from business School in the University of Southern California, USA.
Ivan was an excellent sportsman in high school. Ivan Glasenberg was an athlete by his early 20s. Ivan was considered a national junior champion in race walking for South Africa and Israel. He was a close friend of Mick Davis, who later became the CEO of the mining Company Xstrata. In 1984, Ivan Glasenberg was very close to competing in the Summer Olympics.
Work-life
Ivan Glasenberg worked at Marc Rich and Co., a commodity-trading firm in Johannesburg. In 1984 he joined a coal commodity desk in South Africa. Later, Ivan moved to Australia where he became a citizen of the country to trade coal. Around 1988, Ivan moved to Hong Kong to run the firm’s Hong Kong and Beijing offices. He moved the Company’s headquarters to Baar, Switzerland. In 2002, Ivan was appointed as chief executive officer of the Company that was renamed Glencore.
Since this is one of the worlds largest trading and mining Companies, Ivan manages it very privately. Most strange was the announcement of the Glencore turning public in April 2011. The Company raised $10 billion by May 2011. After nine months, Glencore was shifted as Switzerland-based miner Xstrata. In 2012, Ivan acquired two-thirds of Xstrata, the world’s fourth-largest mining company. By 2013, Glencore merged with Xstrata. Ivan Glasenberg sits on the boards of mining companies Xstrata PLC and Minara Resources Ltd. Ivan Glasenberg is married with two children. They live in the village of Rüschlikon in Switzerland and.
Net Worth of Ivan
Ivan Glasenberg is net worth of $5 Billion. Ivan Glasenberg owns the largest private stake in the world’s biggest commodity trader, Glencore, with about 8.4% of the Company. After earning his MBA from the University of Southern California in 1983, Ivan started working at the age-old, famous oil traders Marc Rich. He was responsible for marketing coal and coke. He belonged to the department of Marc Rich & Co. in South Africa. In 1994, the Marc Rich & Co. was rebranded as Glencore.
By then, Ivan Glasenberg was working in the post of the worldwide director. Ivan Glasenburg joined the billionaire men and women in 2011. This occurred especially when Ivan announced that Glencore was going public the same year. Ivan is also the former South African race-walking champion.