Glencore Executives’ $23 Billion Mother Lode Beats Wall Street

Glencore International Plc’s initial public offering values the stakes of the company’s top six executives at $23 billion, surpassing wealth generated by some of Wall Street’s most storied firms.

In contrast to Glencore, a commodities trader based in Baar, Switzerland, the eight senior executives at Goldman Sachs Group Inc. held stakes worth a combined $1.26 billion at the time of that firm’s IPO in 1999, while Blackstone Group LP’s top seven executives held $11.9 billion worth of stock after selling shares worth $2.8 billion in their 2007 IPO, according to the New York-based firms’ prospectuses.