Ivan Glasenberg Biography
Ivan Glasenberg wa born in January 1957 in Johannesburg, South Africa. He is a South African entreprenuer and the Chief Executive officer of Glencore, a trading and mining company.
Ivan Glasenberg Education Background
- He has a Bachelor of Commerce and a Bachelor of Accountancy from the University of the Witwatersrand, South Africa.
- He received his MBA from the IBEAR program at University of Southern California in 1983.
In 1984 he joined the Glencore and worked 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. In 2002 he was named the CEO of Glencore.
Ivan Glasenberg Glencore
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 he started buying a larger share of Glencore, buying up to an additional US$54 million of Glencore stock. In April 2012 he held more than 15% of Glencore’s stock.
In 2005, BusinessWeek referred to Glasenberg as a key figure in the secretive commodities trading of Marc Rich’s company Mark Rich & Co. AG. Rich was a billionaire commodities trader. He was charged with tax evasion and illegal deals with Iran but was later pardoned by US President Bill Clinton. Glencore is the corporate successor to Marc Rich & Co AG.
Ivan Glasenberg Family
He is from a Jewish family his father, Samuel Glasenberg, was “a luggage manufacturer and importer born in Lithuania”, and his mother, Blanche, was South African. His wife is Elana Glasanberg and they have two children.
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