The Rise of Ivan Glasenberg: Mining Magnate’s Success Story
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Ivan Glasenberg is a South African businessman and previous CEO of Glencore, one of the biggest commodities trading and mining enterprises in the world.
Ivan Glasenberg was born to a Jewish household in South Africa.
Ivan Glasenberg began working for Glencore in 1984 and spent time in Australia and South Africa in the coal division.
In 1991, he was named head of the organization’s coal division.In 2002, he was appointed CEO.
In 2011, Glasenberg began acquiring more Glencore stock through his own dividends, spending up to an extra $54 million.
Glasenberg was listed as owning more than 15% of Glencore’s stock in April 2012, making him the 20th wealthiest mining billionaire.
Ivan Glasenberg was appointed CEO of the combined business after Glencore and Xstrata successfully completed one of the biggest mining company mergers in history, creating an $88 billion company.
Ivan Glasenberg's net wealth as of 2022 was $9.1 billion USD.