⬅ # 239 James Goodnight|# 241 Robert Kraft

# 240 Ivan Glasenberg 

$9.80B

Real Time Net Worth
as of 4/12/2024
$323.9M (3.31%)

# 240 Ivan Glasenberg 

$9.80B

Real Time Net Worth
as of 4/12/2024
$323.9M (3.31%)
Source of WealthMining
Age67
ResidenceRuschlikon, Switzerland
Marital StatusMarried
Children2
EducationMBA, Marshall School of Business; BS, University of Witwatersrand
Age-Adjusted Net Worth$6.10B
Ivan Glasenberg
Ivan Glasenberg
Switzerland
Net worth: $9.80B

Self-Made Score 

Wealth History

Hover or tap to reveal net worth by year
Loading Chart

Biography

Early Life and Education

Ivan Glasenberg was born on January 7, 1957 in Illovo, Johannesburg, South Africa
Parents: Samuel Glasenberg (Lithuanian-born luggage manufacturer), Blanche Vilensky
Education: BCom, BAcc (University of the Witwatersrand, South Africa), MBA (University of Southern California, 1983)
Athlete, national junior champion in race walking in his early 20s
Friendship with Mick Davis, future CEO of Xstrata

Career Path

Chartered Accountant at Nexia Levitt Kirson
Joined Glencore in 1984, rising to CEO in 2002
Played a key role in commodities trading at Mark Rich & Co. AG
Acquired a larger share of Glencore in 2011
CEO of Glencore Xstrata post-merger
Served as director in various companies

Personal Life

Champion race-walker for South Africa and Israel
Maintains fitness through daily running and swimming
Resident of Rüschlikon, Switzerland
Generously paid taxes benefiting the community after Glencore's London Stock Exchange flotation

How long would it take you to become as rich as Ivan Glasenberg?

If you started with $10,000 and invested an additional $500 each month at a 44.18% CAGR, it would take you 5 years to reach Ivan Glasenberg's net worth of $9.80B.

Is this realistic? It depends how closely the VIX-TA-Macro Advanced model performs to its history in the future. Since Grizzly Bulls launched on January 1, 2022, it's returned 36.27% compared to 8.51% for the S&P 500 benchmark.

Enter data in all but one field below, then calculate the missing value

Ivan Glasenberg is very wealthy, but what's stopping you from reaching that same level of success? As summarized in our five fundamental rules to wealth building, becoming wealthy in a modern capitalist economy is not complicated. There's actually only three variables:

  1. Your starting capital
  2. Your earnings after expenses
  3. The compound annual growth rate (CAGR) of your savings

Most people start with zero or very little, so if you weren't born into wealth, don't fret! The majority of the fortunate folks listed in our Grizzly Bulls’ Billionaires Index came from middle class or lower backgrounds. The most distinguishing characteristic of the group is their ability to consistently earn a high CAGR on their savings.

Every billionaire has a unique strategy to achieve high CAGR. For Ivan Glasenberg, Mining is the primary source. Whether you choose to invest your savings in your own businesses or the businesses of others is not as important. The salient piece of the puzzle is ensuring that your hard-earned savings are generating sufficient CAGR to reach your long term goals.

Most people simply invest their money in index funds and call it a day. There's nothing wrong with this approach, but it guarantees relative mediocrity. To achieve greatness, you need to invest your money to earn higher than average returns. In the long run, better investors will always finish ahead of better earners.

Source: Grizzly Bulls reporting

Methodology: Grizzly Bulls' Billionaires Index is a daily ranking of the world's billionaires and richest people. Grizzly Bulls strives to provide the most accurate net worth calculations available. We pull data from public equity markets, SEC filings, public real estate records, and other reputable sources.

The index is dynamic and updates daily at the close of U.S. stock market trading based on changes in the markets, economy, and updates to Grizzly Bulls' proprietary algorithm of personal wealth calculation. Stakes in public companies are tracked daily based on the relevant closing prices of the underlying securities. Additionally, stakes in private companies, cash, real estate, and other less easily valued assets are updated periodically through careful analysis of insider transactions, comparable public company sales / EBITDA multiples, etc.

Edited by: Lee Bailey