D aniel Maté is a Spanish billionaire and one of the key executives and major shareholders of Glencore, the world's largest and most powerful commodities trading and mining company. He joined the company's predecessor, Marc Rich + Co., in the 1980s and rose through the ranks to become a senior trader and a key member of the company's inner circle.
Maté has headed Glencore's zinc and lead marketing divisions, two of the company's key business areas. He became a multi-billionaire after Glencore's massive initial public offering in 2011, which turned its top partners and traders into some of the wealthiest people in the world. He has since retired from his executive role but remains a significant shareholder in the commodities giant. Like the other Glencore partners, he is known for being extremely private.
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Daniel Francisco Maté Badenes is a Spanish billionaire businessman and one of the largest individual shareholders of Glencore plc (LSE: GLEN), the Anglo-Swiss commodity trading and mining giant. Born in 1963, his wealth is rooted in the high-stakes, specialized world of commodity finance and trading.
Maté holds dual degrees in Economics and Law from the University of Deusto in Spain. This rigorous, dual academic background provided him with the necessary expertise to understand both market dynamics and the complex international contracts governing commodity trade. He is one of the famously low-profile, long-time partners of Glencore who amassed colossal fortunes when the company went public in 2011.
Daniel Maté's entire career has been spent within the Glencore empire, where he became one of the key executives responsible for the company's trading and marketing operations. He is in charge of zinc and lead marketing at Glencore, a crucial and profitable division for the world's largest commodity trader. His role involved negotiating massive supply contracts and managing the intricate price and risk associated with these essential base metals.
Maté’s wealth was secured in May 2011 when Glencore launched its massive IPO on the London Stock Exchange, which instantly transformed the firm's private partners into billionaires. He owns approximately 3 percent of Glencore, a stake that is central to his multi-billion dollar fortune. Maté maintains a notoriously private lifestyle, managing his wealth from his base in Schwyz canton, Switzerland, a nucleus for international financial operations.
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Graduates with degrees in Economics and Law from the University of Deusto (Academic Achievement).
Joins Glencore (Executive Entry).
Becomes Head of zinc and lead marketing (Executive Ascent).
Glencore executes its massive IPO on the LSE (Financial Milestone).
Maintains a substantial 3 percent stake and resides in Switzerland (Financial Status).
Daniel Maté's wealth is overwhelmingly concentrated in his substantial equity stake in the publicly traded commodity giant, Glencore plc.
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Daniel Maté's social impact is structural, stemming from Glencore's immense role in facilitating global commodity trade and supplying essential base metals (zinc, copper, lead) used in manufacturing, infrastructure, and construction worldwide. Glencore is a massive employer and contributor to the national economies where its mining and trading operations are based.
His personal philanthropy is highly discreet, adhering to the standard of privacy maintained by the Glencore partners. His wealth is a testament to the profitability of mastering the complex logistics and financial engineering of the global commodity supply chain.
Daniel Maté maintains the highly discreet, professional style of a commodity trader. His attire is consistently formal and high-quality, favoring tailored business suits that reflect the seriousness and immense value of his portfolio. His aesthetic is one of guarded, quiet authority.
Residing in the Schwyz canton, Switzerland, his luxury is the immense security and financial reward derived from his dominance in the global commodity market. His life is defined by his commitment to financial discipline and the high-stakes trading of essential industrial metals.
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No publicly available quotes.
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0% | $0.00M
+0.65% | +$13.94M
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