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

City News: Ryanair, Rolls-Royce, Serco and Glencore

Chief executive Ivan Glasenberg said: “We have delivered on our commitments in a way that has preserved the long-term earnings capability of the group. Glencore can face the future with confidence.”
Posted: November 30, 2016, 4:01 pm

In turnaround, commodities giant Glencore to resume dividend

The company said 2016 has been "challenging." CEO Ivan Glasenberg said Glencore had delivered on its commitments to cut its debt and strengthen its balance sheet, and now "can look forward to the future with confidence." The company, which is based in Baar ...
Posted: December 1, 2016, 8:48 am

“New supply is very limited in these commodities, and we don’t see big new mines being built around the world”

Iron ore, gold and coking coal have been among the glamour commodities of 2016, but Glencore chief commodity trader/miner Ivan Glasenberg’s optimism is directed elsewhere. “We believe the outlook for commodities such as copper, cobalt, nickel ...
Posted: December 4, 2016, 4:29 pm
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