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UPDATE: Glencore’s CEO Ivan Glasenberg lost $500 million of personal wealth in a single day of market chaos

Key Speakers At The Sberbank Russia Forum 2013

 

The implosion of the mining giant Glencore’s stocks on Monday gave CEO Ivan Glasenberg’s wealth a serious kicking, after shares tumbled 29.42%.

The Bloomberg Billionaires Index says Glasenberg lost more than a quarter of his wealth from the end of trading on Friday, with $500 million (£329.74 million) of a $1.9 billion (£1.25 billion) fortune wiped out by the market.

Read the full story at Business Insider, by Mike Bird

 

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Ivan Glasenberg

 

 

Key Speakers At The Sberbank Russia Forum 2013

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