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South African billionaire gains $360 million from Glencore shares after 2024’s $1.9 billion loss

Summary by Billionaires.Africa
Key PointsIvan Glasenberg's stake in Glencore gained $360 million in 25 days, partially recovering losses from a tough 2024 mining sector performance.Glencore's share price rose nearly 7%, boosting Glasenberg's holdings to $5.67 billion, following a $361 million increase in value.Glencore’s potential merger with Rio Tinto, driving a 6.8% share price rise, strengthens its market position and Glasenberg’s wealth.South African billionaire Ivan Glas…
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Billionaires.Africa broke the news in on Sunday, January 26, 2025.
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