Glencore CEO Ivan Glasenberg Reaps $182 Million Dividend

Glencore Xstrata Plc (GLEN) billionaire Chief Executive Officer Ivan Glasenberg reaped a $182 million dividend for last year after steering the commodity trader and metals producer through a 15-month takeover of Xstrata Plc.

That compares with a payout of $173 million that Glasenberg received for 2012. The 57-year-old accountant turned coal trader is the biggest shareholder with 8.3 percent and has a net worth of about $6.3 billion, the Bloomberg Billionaires Index shows.

The world’s fourth-biggest mining company, about 25 percent owned by management, today reported a full-year dividend of 16.5 cents a share, it said. Qatar Holding LLC is the second-largest investor with an 8.1 percent stake.

Last year’s $29 billion purchase of Xstrata added coal, nickel, zinc and copper mines to Glencore’s trading empire.

To contact the reporter on this story: Jesse Riseborough in London at jriseborough@bloomberg.net

To contact the editor responsible for this story: John Viljoen at jviljoen@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.