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Ivan Glasenberg

Ivan Glasenberg

I. Glasenberg
0.22% | + $27.91M
$13.02 B ₹ 1.18 Lk Cr
Real Time Net Worth #225 Ranking as of 21 Feb 2026 By Forbes

More on Ivan Glasenberg

Gender

Male

Age

69Y

Country

Switzerland

Born On

January, 1957

Deceased

No

Relationship Status

Married

Children

2

Education

University Of Southern California - Master Of Business Administration

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Commodities)

Primary Organization

Glencore

Titles

Former CEO

Sources of Wealth

Glencore

Industry

Commodities, Mining, Metals

About Ivan Glasenberg


I van Glasenberg is a South African-born Swiss billionaire who is the former longtime CEO 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 as a coal trader and rose through the ranks to become the head of the coal department and then, in 2002, the company's CEO. He was the charismatic and hard-driving leader who transformed the secretive trading house into a public company.

He led Glencore through its massive initial public offering in 2011, one of the largest in history, which turned him and the other top partners into multi-billionaires overnight. He also orchestrated the company's massive merger with the mining giant Xstrata, creating a colossal and vertically integrated natural resources powerhouse. His tenure was marked by both immense success and significant controversy, including major corruption and bribery investigations. He retired as CEO in 2021 but remains a major shareholder.

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Quick Reads


  • The former longtime CEO of the commodities and mining giant Glencore.
  • Led the company through its massive 2011 IPO and its merger with Xstrata.
  • He started at the company as a coal trader in the 1980s.
  • Born in South Africa, he is now a Swiss citizen.
  • He remains one of the company's largest individual shareholders.

Early Life and Background


Ivan Glasenberg is a South African-born Australian businessman, the self-made billionaire former CEO of Glencore (LSE: GLEN), the global commodity trading and mining powerhouse. Born in Gauteng, South Africa, in 1957, to Jewish immigrants from Lithuania, his early life was characterized by athletic excellence: he was the South African (and Israeli) junior champion in race walking.

Glasenberg received a rigorous education, earning a Bachelor of Accountancy and a Bachelor of Commerce from the University of the Witwatersrand and an MBA from the University of Southern California (USC) in 1983. He joined Glencore International plc (then Marc Rich & Co.) in 1984, quickly rising through the coal department ranks.

  • Glencore (Former CEO & Major Shareholder): The core wealth generator, the global commodity trading and mining giant. He served as CEO from 2002 to 2021.
  • Commodity Trading Expertise: His success is built on mastering coal and commodity trading logistics and finance.
  • Athletic Heritage: He was the South African (and Israeli) junior champion in race walking.
  • Academic Background: He holds an MBA from USC and degrees from the University of the Witwatersrand.

Career Journey of Ivan Glasenberg


Ivan Glasenberg became CEO of Glencore in 2002. His strategic vision was audacious: transform the secretive, private trading firm into a transparent, publicly traded mining and industrial giant. He led Glencore through its massive IPO in 2011 and the subsequent merger with Xstrata (one of the largest mining acquisitions in history), creating a diversified behemoth with operations in over 50 countries and revenues exceeding $200 billion.

He served as CEO until 2021. His wealth is tied to his large executive equity stake in the company (he was initially described as a lieutenant in the Marc Rich trading clique). His structural contribution is tied to the consolidation of the global commodity trading and mining sectors and the successful transition of a private firm to a major public corporate entity.

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Ivan Glasenberg's Timeline


1983:

Earns an MBA from the University of Southern California (USC) (Academic Achievement).

1984:

Joins Glencore International plc (Corporate Entry).

2002:

Becomes CEO of Glencore (Executive Ascent).

2011:

Leads Glencore's successful IPO (Financial Milestone).

2021:

Retires as CEO (Executive Transition).

Ongoing:

Continues as a major shareholder and influential figure in the commodity sector (Executive Oversight).

Major Business Ventures and Investments


Ivan Glasenberg's wealth is concentrated in his retained equity stake in the publicly traded giant, Glencore (LSE: GLEN), and his personal investments.

  • Glencore (Former CEO & Major Shareholder): The core wealth generator, the global commodity trading and mining giant. He served as CEO from 2002 to 2021.
  • Commodity Trading Expertise: His success is built on mastering coal and commodity trading logistics and finance.
  • Athletic Heritage: He was the South African (and Israeli) junior champion in race walking.
  • Academic Background: He holds an MBA from USC and degrees from the University of the Witwatersrand.

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Philanthropy and Social Impact


Ivan Glasenberg's social impact is structural, stemming from Glencore's role as a massive global employer (in over 50 countries) and a foundational supplier of essential commodities (copper, coal, zinc, oil) that fuel the world economy. His leadership drove the transparency and public listing of one of the world's most historically secretive companies.

His personal philanthropy supports various educational and community initiatives. His career provides a compelling narrative of a chartered accountant and athlete rising to lead and consolidate a complex, high-stakes global industry.

Fashion, Style, and Lifestyle


Ivan Glasenberg maintains the pragmatic, composed style of a commodity trader. His attire is consistently formal and high-quality, favoring tailored suits. His aesthetic reflects serious authority and stability, blending his accounting background with the high-stakes world of global commodity trade.

Residing in Rüschlikon, Switzerland, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to industrial scale, commodity trading mastery, and his commitment to financial discipline.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the former CEO of Glencore, the global commodity trading and mining giant.
  • He was the South African (and Israeli) junior champion in race walking.
  • He led Glencore's massive IPO in 2011.
  • He holds an MBA from USC and is a Chartered Accountant.
  • He retired as CEO in 2021.
  • The company achieved revenues of over $200 billion under his leadership.
  • His wealth is tied to the successful consolidation of the global commodity trading sector.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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