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

Glasenberg’s creeping acquisitions

Trust Ivan Glasenberg, chief executive of the very acquisitive Glencore, to have a Plan B in his hunt for Rio Tinto. Having failed to orchestrate a merger with Glencore in 2014, he is now buying Rio Tinto piece-by-piece. Access the industry’s go-to ...
Posted: August 22, 2017, 10:59 pm

Glencore Posts Profit In H1 On Higher Prices; Lifts FY Earnings View; Stock Dips

The company's net debt fell a further $1.6 billion to $13.9 billion from end of 2016. Glencore's Chief Executive Officer, Ivan Glasenberg, said, "Amid the best global economic growth momentum seen in recent years, our assets reported strong margins ...
Posted: August 10, 2017, 3:31 am

Miners Are Flush With Cash Again--Update

Instead, the company, led by deal-making chief executive, Ivan Glasenberg, is looking for potential acquisitions. That's fine with David Herro, fund manager for Harris Associates LP, which controls about 5% of Glencore's stock valued about $3 billion ...
Posted: August 22, 2017, 9:05 am

Glencore accused of illegal Ghana deal in court case

The row shines a light into one corner of Glencore’s global operations. The business, run by serial dealmaker Ivan Glasenberg, trades in commodities including oil, coal, copper, cobalt and zinc. After years of struggling under heavy debts, it has been ...
Posted: August 19, 2017, 4:01 pm

Mining Makes Strong Comeback -- WSJ

"We should see strength in demand for those commodities as economies grow toward the later cycle," Glencore Chief Executive Ivan Glasenberg said on a recent conference call. The trend away from developing so-called greenfield mines marks a reverse from the ...
Posted: August 22, 2017, 11:54 pm
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