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

 

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

 

READ MORE:

•  What the Glencore collapse says about world markets – The Australian Financial Review
• Glencore in debt’s death grip, Ivan Glasenberg confronts mortality – The Australian Financial Review
• Glencore’s CEO lost $500 million of personal wealth in a single day … – Business Insider
• Glencore billionaire bust: Who is beleaguered boss Ivan Glasenberg? – International Business Times 
•  Glasenberg Loses $500 Million in One Day on Glencore Share Drop – Highly Cited–Bloomberg
•  Glencore Must Stem Rumors to Stop ‘Quasi-Lehman Moment’: L&G … – Opinion–swissinfo.ch
•  Glencore’s Ivan Glasenberg still a billionaire in every country of … – In-Depth–Sydney Morning Herald

 

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Ivan Glasenberg

 

 

Read more about: Business, Business/Finance, Glencore, Glencore Istanbul Madencilik ve Ticaret Anonim Sirketi, Ivan Glasenberg