Ivan Glasenberg Net Worth is$Billion
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Birth Date: 1957
Birth Place: Johannesburg, South Africa
Ethnicity: Jewsurl
Children: 2
Known For: CEO of Glencore
Networth: date
Alma Mater: University of Witwatersrand University of Southern California
Occupation: Commodities
Nationality: Australian, Israeli
Ivan Glasenberg, (born 1957 in South Africa) is the CEO of Glencore International plc, one of the world's largest commodity trading companies. He is also on the boards of mining companies Xstrata plc and Minara Resources Ltd.
Glasenberg was born in South Africa in January 1957. His father, Samuel Glasenberg, was "a luggage manufacturer and importer born in Lithuania", whilst his mother, Blanche, was South African. The family lived in Illovo, Gauteng, a suburb of Johannesburg. Glasenberg was an athlete, and by his early 20s was national junior champion in race walking. In his youth Glasenberg was also a friend of Mick Davis, who would become the CEO of mining company Xstrata.
Glasenberg earned a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwatersrand, South Africa. Glasenberg was with Nexia Levitt Kirson, a firm of chartered accountants, for five years and is a Chartered Accountant, South Africa [CA (SA)]. He received his MBA from the University of Southern California in 1983.
Glasenberg joined Glencore in 1984, working in the coal department in South Africa and Australia. He managed Glencore's Hong Kong and Beijing offices from 1989 to 1990, and became head of the company's coal department in 1991. He was named CEO in 2002.
In 2005, BusinessWeek referred to Glasenberg as a key figure in the secretive oil-trading inner circle of Marc Rich, a billionaire commodities trader charged with tax evasion and illegal deals with Iran and later pardoned by US President, Bill Clinton. Glencore is the corporate successor to Marc Rich & Co AG.
As of August 2011, it has been reported that, due to the economic climate, Glasenberg lost GBA?788 million as his share price plummeted 13.2 per cent leaving his 15.8 per cent of the company worth GBA?4.7 billion. In September 2011, using his own dividends, Glasenberg started buying a larger share of Glencore, buying up to an additional US$54 million of Glencore stock. In April 2012 it was r

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Ivan Glasenberg Latest News

How Does the Hottest Metals Trade Work? First, Find a Warehouse

By comparison, annual copper output is 22 million tons valued at $127 billion. Still, the market is growing. Ivan Glasenberg, the chief executive officer of Glencore, the world’s largest producer, said the pickup in production of electric vehicles means ...
Posted: January 24, 2017, 2:37 am

These 3 billionaires at top of SA's inequality shocker

Oxfam South Africa research and policy lead Ronald Wesso confirmed to Fin24 by phone that the top three billionaires were retail tycoon Christo Wiese, Glencore CEO Ivan Glasenberg and Aspen Pharmacare chief executive Stephen Saad. This information is based ...
Posted: January 16, 2017, 4:40 am

Talking sharing at Davos to safeguard the Bastille

South Africa faces tough choices. Oxfam this week claimed that three individuals, Stephen Saad of Aspen, Ivan Glasenberg of Glencore and billionaire Christo Wiese, harboured as much between them as the entire bottom half of South Africa's population.
Posted: January 21, 2017, 3:37 pm
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