Ivan Glasenberg (born 7 January 1957) is the primary executive officer of Glencore, among the world’s largest product trading and mining companies. Glasenberg has or had citizenship of South Africa and Australia. He became a Swiss resident in 2011. He is likewise on the board of mining business Minara Resources Ltd.
His dad, Samuel Glasenberg, was “a luggage manufacturer and importer born in Lithuania”, and his mom, Blanche Vilensky, was South African. The family resided in Illovo, Gauteng, a residential area of Johannesburg. Glasenberg was an athlete, and by his early 20s was national junior champion in race walking. Ivan wed Elana Beverley Orelowitz in 1984.
Glasenberg finished with a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwatersrand, South Africa – ivan glasenberg. Glasenberg was with Nexia Levitt Kirson, a firm of chartered accounting professionals, for 5 years and is a Chartered Accountant, South Africa [CA (SA)] He got his MBA from the IBEAR program at University of Southern California in 1983.
He managed Glencore’s Hong Kong and Beijing workplaces from 1989 to 1990, and ended up being head of the company’s coal department in 1991. He was named CEO in 2002. ivan glasenberg. In 2005, described Glasenberg as a key figure in the deceptive commodities trading of Marc Rich’s business Mark Rich & Co.
Rich was a billionaire products trader, who was charged with tax evasion and illegal handle Iran, however later pardoned by United States President Bill Clinton. Glencore is the corporate follower to Marc Rich & Co AG. As of August 2011, it has been reported that, due to the economic climate, Glasenberg lost GB788 million as his share price plummeted 13.2 per cent leaving his 15.8 percent of the company worth GB4.7 billion.
In April 2012 it was reported that Glasenberg held more than 15 percent of Glencore’s stock, placing him as the 20th wealthiest mining billionaire, with approximating his net worth at US$ 7.3 billion. Glasenberg became CEO of the merged entity created when Glencore and Xstrata settled one of the largest mining company mergers in history producing a US$ 88 billion company.
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Davis left the company in July 2013. Glasenberg has served an executive director of Xstrata Plc (since 2002); and as a non-executive director of Minara Resources Ltd (because 2000); of Rusal Plc (considering that 2007); and Century Aluminum Co. (between 20102011). Glasenberg has been a champ race-walker for both South Africa and Israel, and runs and swims daily to keep his physical fitness.
Glasenberg paid 360 million SFr (240m) in taxes to Rschlikon following Glencore’s flotation on the London Stock Exchange. The cash made it possible for the citizens to cut their tax rate by 7%, which was authorized by big bulk after a public vote, and brought in criticism from some villagers with concerns to Glencore’s supposed controversial company practices.
In 2013 he changed Mick Davis as CEO of the merged Glencore Xstrata, with an income of an undisclosed amount. By 2016 according to, Glasenberg had failed to make the cutoff of the 50 wealthiest Australians by net worth, with a limit of US$ 500 million. In 2017 the assessed Glassenberg’s net worth at A$ 6.85 billion.
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Top Guidelines Of Ivan Glasenberg – Wikipedia
United Kingdom. Recovered 23 June 2017. Ammann, Daniel (2009 ). The King of Oil: The Secret Lives of Marc Rich. New york city: St. Martin’s Press. ISBN 0-312-57074-0. Vickers, Marcia (18 July 2005). ” The Rich Boys”. BusinessWeek. Recovered 2 June 2012. Allen, Emily (6 August 2011). ” Britain’s most significant losers: Lakshmi Mittal, Stelios and Mike Ashley see billions cleaned from their riches”.
United Kingdom. Obtained 2 June 2012. Ferreira-Marques, Clara (16 September 2011). ” Glencore employer Glasenberg buys shares, eyes more”. Reuters. United States. Obtained 2 June 2012. Els, Frik (15 April 2012). ” 2012 Mining Billionaires: # 20 Ivan Glasenberg, # 21 Nicky Oppenheimer and household, # 22 Beny Steinmetz”. Mining.com. InfoMine. Retrieved 3 June 2012.