Key Points
- Ivan Glasenberg’s stake in Glencore dropped by $684 million as the company’s stock slid 12.32% amid weaker commodity prices and financial concerns.
- Glencore’s market cap dropped below $55 billion as declining coal prices cut adjusted EBITDA by 16% to $14.36 billion.
- Glencore shares are down 12.45% in 2025, turning a $100,000 investment into $87,550, highlighting risks for potential investors.
South African billionaire Ivan Glasenberg has suffered a substantial hit to his wealth, with over $684 million erased from the market value of his stake in Glencore, the Swiss multinational commodity trading and mining giant.
Glasenberg’s wealth decline
As Glencore’s largest shareholder, Glasenberg owns a 9.93 percent stake—about 1.21 billion shares—keeping him among the world’s 500 richest individuals. But over the past month, his stake has dropped by £527.81 million ($684.40 million) as Glencore’s share price continues to slide.
This latest drop follows an even steeper loss earlier this year when his stake fell by $817.53 million between Jan. 24 and Feb. 23, bringing its value down to £3.9 billion ($4.93 billion). The ongoing decline in Glencore’s share price has been fueled by weaker commodity prices, and investor concerns over the company’s financial health and future outlook.
Glencore’s stock slump slashes market value
Glencore, one of the biggest names in the global commodities market with operations in over 50 countries, is under financial strain. The Swiss multinational reported $230.94 billion in revenue, but a drop in energy coal prices has taken a toll, cutting its adjusted EBITDA by 16 percent to $14.36 billion.
The company’s struggles have been reflected in its stock performance. Glencore’s shares have tumbled 12.32 percent on the London Stock Exchange over the past month, falling from £3.5355 ($4.5844) on Feb. 18 to £3.10 ($4.0197) at the time of reporting. The decline has pushed its market capitalization below $55 billion, leading to heavy losses for major shareholders.
Ivan Glasenberg has taken a significant hit. Over the past month, the value of his stake in Glencore has plunged by £527.81 million ($684.40 million), dropping from £4.28 billion ($5.56 billion) on Feb. 18 to £3.76 billion ($4.87 billion) at the time of writing.
Your money and your life
Glencore’s stock has dropped 12.45 percent so far this year, taking a toll on returns. An investor who put in $100,000 at the start of 2025 would now have $87,550—a loss of $12,450. With this decline, potential investors may want to tread carefully and do their homework before buying into Glencore.
