Ivan Glasenberg

$13.77 B

Ranked #204 in World

About Ivan Glasenberg

Ivan Glasenberg, the multifaceted ex-CEO of Glencore with South African, Australian, and Swiss citizenship, has been a pivotal figure in global commodities trading. From his beginnings as a national junior champion racewalker to leading a monumental merger forming Glencore Xstrata, Glasenberg grew a formidable net worth, reaching US$8.8 billion in 2023. A chartered accountant with an impactful business career, he now enjoys a serene life in Rüschlikon, Switzerland.

Born

January 07, 1957

Age

69 years

Source Of Wealth

Mining

Industries

Metals & Mining

Citizenship

Switzerland

Residence

Ruschlikon

Education

Master of Business Administration, Marshall School of Business; Bachelor of Arts/Science, University of Witwatersrand

Ivan Glasenberg, born on January 7, 1957, in South Africa, holds South African, Australian, and Swiss citizenship. He comes from a Jewish family with roots in Lithuania and South Africa. During his early 20s, Glasenberg excelled as a national junior champion in race walking.

Ivan Glasenberg: Family

Glasenberg is married and has two children. The family resides in Rüschlikon, Switzerland.

Ivan Glasenberg: Career Highlights

Glasenberg joined Glencore in 1984, initially working in the coal department in South Africa and Australia. He then managed Glencore's Hong Kong and Beijing offices from 1989 to 1990. In 1991, he became the head of the company's coal department. Glasenberg was appointed CEO of Glencore in 2002 and played a pivotal role in the secretive commodities trading of Marc Rich's company, Mark Rich & Co. AG.

He significantly increased his shareholding in Glencore, becoming the 20th richest mining billionaire with an estimated net worth of US$7.3 billion in 2012. Glasenberg announced his retirement from the CEO position in 2021 after nearly two decades of leadership. He was succeeded by fellow South African Gary Nagle.

Ivan Glasenberg: Companies

Glasenberg served as CEO of Glencore, a global commodity trading and mining company. He also held executive positions in various companies, including Xstrata Plc, Minara Resources Ltd, Rusal Plc, and Century Aluminum Co.

Ivan Glasenberg: Major Achievements

Glasenberg played a key role in the historic merger between Glencore and Xstrata, creating the merged entity Glencore Xstrata. He became the CEO of the new company and oversaw its operations. Glasenberg's leadership and business acumen contributed to the success and growth of Glencore.

Ivan Glasenberg: Awards & Achievements

In recognition of his contributions, Glasenberg received the Order of Friendship from Russia in 2017. He is also a renowned champion race-walker, having represented South Africa and Israel in the sport.

Ivan Glasenberg: Personal Life & Legacy

Glasenberg maintains an active lifestyle through daily running and swimming.

He is known for his commitment to fitness and well-being. Glasenberg's significant contributions to the Rüschlikon community, including paying substantial taxes following Glencore's flotation, have positively impacted the town's finances and residents' well-being.

Ivan Glasenberg: Trivia

Glasenberg holds a Bachelor of Commerce and Bachelor of Accountancy from the University of the Witwatersrand and is a Chartered Accountant in South Africa [CA (SA)]. He also holds an MBA from the IBEAR program at the University of Southern California.

Wealth History

Timeline

January 7, 1957

Ivan Glasenberg is born in South Africa.

Early 1980s

Glasenberg becomes a national junior champion in race walking.

1984

Glasenberg joins Glencore, working in the coal department in South Africa and Australia.

1989-1990

Glasenberg manages Glencore's Hong Kong and Beijing offices.

1991

Glasenberg becomes head of Glencore's coal department.

2002

Glasenberg is named CEO of Glencore.

2012

Glasenberg becomes the 20th richest mining billionaire with an estimated net worth of US$7.3 billion.

2013

Glencore and Xstrata finalize a historic mining company merger, with Glasenberg becoming CEO of the merged entity, Glencore Xstrata.

2017

Glasenberg receives the Order of Friendship from Russia.

2021

Glasenberg announces his retirement from the CEO position after nearly 20 years.

Ivan Glasenberg : FAQs

What is Ivan Glasenberg's current net worth?

Ivan Glasenberg's current net worth is $13.77 billion.

What is Ivan Glasenberg's current global rank among billionaires?

Ivan Glasenberg holds the 204th position globally among billionaires.

What is Ivan Glasenberg's current ranking within the Switzerland?

Ivan Glasenberg holds the 3rd position in Switzerland.

What was the change in Ivan Glasenberg's net worth compared to the previous year?

Ivan Glasenberg's net worth increased by 2.41 billion dollars compared to the previous year 2025, when his net worth was 11.36 billion dollars.

What are Ivan Glasenberg's main sources of wealth?

Ivan Glasenberg's main source of income comes from Mining.

In which industry does Ivan Glasenberg primarily operate?

Ivan Glasenberg is primarily involved in the Metals & Mining industry.

What is Ivan Glasenberg educational background?

Ivan Glasenberg holds a Master of Business Administration from Marshall School of Business and a Bachelor of Arts/Science from the University of Witwatersrand.

How old is Ivan Glasenberg?

Ivan Glasenberg is 69 years old.

How many children does Ivan Glasenberg have?

Ivan Glasenberg has 2 children.

Who is Ivan Glasenberg and what is his background?

Ivan Glasenberg was born on January 7, 1957, in South Africa and comes from a Jewish family with roots in Lithuania and South Africa. He was a national junior champion in race walking, holds degrees in Commerce and Accountancy from the University of Witwatersrand, and an MBA from the IBEAR program at the University of Southern California. Ivan is a Chartered Accountant in South Africa and has multiple citizenships, including South African, Australian, and Swiss.

What are the significant milestones in Ivan Glasenberg's business career?

Ivan Glasenberg's business career includes joining Glencore in 1984 and working in its coal department. He managed Glencore's Hong Kong and Beijing offices, became head of the coal department, and was named CEO of Glencore in 2002. A key figure in Marc Rich's company, Glasenberg became the 20th richest mining billionaire in 2012 and retired as CEO in 2021, succeeded by Gary Nagle.

What was Ivan Glasenberg's role in the Glencore Xstrata merger?

Ivan Glasenberg became the CEO of Glencore Xstrata after the historic merger between Glencore and Xstrata. Although initially planned as a merger-of-equals with Mick Davis as CEO, it became a takeover with Glasenberg as CEO due to the involvement of major Xstrata shareholder Qatar. He also served as an executive director of Xstrata Plc and as a non-executive director of various companies.

How does Ivan Glasenberg maintain his personal life and health?

Ivan Glasenberg remains an active sports enthusiast, having been a champion race-walker for South Africa and Israel. He maintains his fitness through daily running and swimming. Married with two children, he resides in Rüschlikon, Switzerland, where his significant tax contributions following Glencore's flotation helped reduce local taxation rates.