T or Peterson is an American billionaire who built his fortune as a key executive at Glencore, the Swiss commodities trading and mining giant. He joined the firm in 1992 after gaining six years of experience trading commodities at Phibro-Salomon in New York, bringing valuable market expertise to the team. For decades, he led the marketing operations for Glencore's coal division, playing a pivotal role in establishing the company's dominance in the global energy markets.
As the only American among the cadre of billionaires minted by Glencore's public listing, Peterson holds a significant minority stake in the company, which trades on the London Stock Exchange. He stepped down from his executive role in 2021 amidst a broader leadership reshuffle at the firm but remains a wealthy shareholder. His career exemplifies the lucrative nature of high-stakes commodities trading, having navigated volatile markets to build lasting personal wealth.
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Tor Peterson is an American businessman, the only American among the five-person cadre of billionaires to earn their fortunes at Swiss commodities-trading powerhouse Glencore (LSE: GLEN).
After six years of trading commodities at Phibro-Salomon in New York, he joined Glencore in 1992. He previously led marketing operations for Glencore's coal division.
Tor Peterson's career is defined by his long and successful tenure at Glencore, one of the world's most powerful commodities firms. His structural achievement is tied to managing the global marketing and logistics for Glencore's massive coal division.
He stepped down from his role at Glencore in 2021 as the commodities firm shook up its leadership ranks. He owns a minority stake in the company, which is listed on the London Stock Exchange.
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Traded commodities at Phibro-Salomon in New York for six years.
Joined Glencore.
Stepped down from his role at Glencore.
Continues to own a minority stake in Glencore.
Tor Peterson's wealth is concentrated in his minority ownership stake in the publicly traded commodities giant, Glencore.
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+0.57% | +$7.99M
+0.73% | +$20.17M
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