Johannesburg, South Africa
|Alma mater||University of Witwatersrand University of Southern California|
|Known for||CEO of Glencore International plc|
|Net worth|| GB£5.4 billion
A$5.61 billion (BRW 2013)
US$7.20 billion (Forbes 2012)
Ivan Glasenberg, (born 1957 in South Africa) is the CEO of Glencore International plc, one of the world's largest commodity trading companies. Glasenberg is described as a South African-Australian-Israeli triple citizen. He became Swiss citizen in 2011. He is also on the boards of mining companies Xstrata plc and Minara Resources Ltd.
Background and early career
Glasenberg was born in South Africa in January 1957. His father, Samuel Glasenberg, was "a luggage manufacturer and importer born in Lithuania", and 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 GB£788 million as his share price plummeted 13.2 per cent leaving his 15.8 per cent of the company worth GB£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 reported that Glasenberg held more than 15 per cent of Glencore's stock, placing him as the 20th richest mining billionaire, with Forbes estimating his net worth at US$7.3 billion.
Glasenberg has been a champion race-walker for both South Africa and Israel, and runs and swims daily to maintain his fitness. He is married with two children, and a resident of the village of Rüschlikon in Switzerland. Glasenberg paid 360 million SFr (£240m) in taxes to Rüschlikon following Glencore's flotation on the London Stock Exchange. The money enabled the residents to cut their taxation rate by 7%, which was approved by large majority after a public vote, and attracted criticism from some villagers with regards to Glencore's alleged controversial business practices.
When Glencore went public in Initial Public Option in May 2011, Glasenberg personally earned billions. In 2013 he replaced Mick Davis as CEO of the newly merged GlencoreXstrata, with a very generous salary. 
Australia's 40 Richest
|Rank||Net worth (AUD)||Rank||Net worth (USD)|
|2011||2||$8.80 billion||n/a||not listed|
|2012||2||$7.40 billion||2||$7.20 billion|
|Has not changed from the previous year|
|Has increased from the previous year|
|Has decreased from the previous year|
Notable affiliations include:
- Watchman, Richard (14 February 2010). "Xstrata's big boss with bigger ambitions". The Observer. Retrieved 19 May 2011.
- "BRW Rich 200 2013 Wealth Index". Business Review Weekly (Fairfax Media). 23 May 2013. Retrieved 23 May 2013.
- "Australia's 40 Richest: Ivan Glasenberg". Forbes Asia. 1 February 2012. Retrieved 2 June 2012.
- Cobain, Ian (19 May 2011). "The rise of Glencore, the biggest company you've never heard of". The Guardian. Retrieved 19 May 2011.
- Woker, Daniel (8 March 2013). "Conservative governments divorcing big business?". The Interpreter: Lowy Institute for International Policy. Retrieved April 1, 2013.
- Martin Spieler: «Letztlich macht es keine Differenz, ob Ihr Vermögen eine Milliarde beträgt oder sechs» Interview, SonntagsZeitung, May 5, 2013 (german)
- "Executive Profile: Ivan Glasenberg B.Acc, MBA (USC), CASA". Bloomberg BusinessWeek. Retrieved 1 March 2011. Unknown parameter
- Onstad, Eric; MacInnis, Laura; Webb, Quentin (25 February 2011). "Special report: The biggest company you never heard of". Reuters. Reuters. Retrieved 28 February 2011.
- "People records: Ivan Glasenberg". AfdevInfo. information systems in Africa. 16 March 2007. Retrieved 3 June 2012.
- Ammann, Daniel (2009). The King of Oil: The Secret Lives of Marc Rich. New York: St. Martin‘s Press. ISBN 0-312-57074-0.
- Vickers, Marcia (18 July 2005). "The Rich Boys". BusinessWeek. Retrieved 2 June 2012.
- Allen, Emily (6 August 2011). "Britain's biggest losers: Lakshmi Mittal, Stelios and Mike Ashley see billions wiped from their riches". Mail Online (United Kingdom). Retrieved 2 June 2012.
- Ferreira-Marques, Clara (16 September 2011). "Glencore boss Glasenberg buys shares, eyes more". Reuters (United States). Retrieved 2 June 2012.
- Els, Frik (15 April 2012). "2012 Mining Billionaires: #20 Ivan Glasenberg, #21 Nicky Oppenheimer and family, #22 Beny Steinmetz". Mining.com (InfoMine). Retrieved 3 June 2012.
- Onstad, Eric; Howley, Victoria; Ferreira-Marques, Clara (2 February 2012). "Fiery CEOs may clash in Glencore-Xstrata talks". Reuters (United States). Retrieved 3 June 2012.
- Rupert Neate (2 December 2012). "Ivan Glasenberg's neighbours rest uneasily with Glencore tax windfall". The Guardian.
- "Passport Power". BRW Rich 200 Wealth Index (Australia). 25 May 2011. Retrieved 2 June 2012.
- "Rich 200: It's tough at the top". BRW. 24 May 2012. Retrieved 2 June 2012.