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Expressing satisfaction with the acquisition, Glencore CEO Gary Nagle highlighted the complementarity of Elk Valley’s assets with Glencore’s existing coal production.
Glasenberg’s substantial stake in Glencore, acquired through his funds and dividends, now stands at 9.81 percent, worth $6.67 billion.
South African business executive Gary Nagle owns a 0.016-percent stake in Glencore, or 2,000,000 shares.
Glasenberg presently occupies the 275th spot on the list of the world’s wealthiest individuals, according to the Bloomberg Billionaires Index.
Under the leadership of CEO Gary Nagle, who holds a 0.016-percent stake in the Swiss mining giant, the purchased shares will be retained in the treasury.
Nagle’s journey from a young team member to the CEO of the world’s largest mining company inspires aspiring business leaders worldwide.
South African business executive Gary Nagle’s 0.016 percent stake in Glencore is worth R248 million ($13.9 million)
This notable increase in Ivan Glasenberg’s net worth can be directly attributed to the recent performance of his 9 percent stake in Glencore.