South African Billionaire Ivan Glasenberg Takes 684 Million Hit On Glencore Stake

Ivan Glasenbergs stake in Glencore dropped by 684 million as the companys stock slid 12.32 amid weaker commodity prices and financial concerns.

Glencores 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.

As Glencores largest shareholder, Glasenberg owns a 9.93 percent stakeabout 1.21 billion shareskeeping him among the worlds 500 richest individuals. But over the past month, his stake has dropped by 527.81 million 684.40 million as Glencores 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 Glencores share price has been fueled by weaker commodity prices, and investor concerns over the companys financial health and future outlook.

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 companys struggles have been reflected in its stock performance. Glencores 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.