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.
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