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To understand, it is necessary to appreciate the mixture of chutzpah and grit that have taken him from apartheid-era South Africa, where he was one of four children of Samuel, a luggage maker, and Blanche. Ivan Glasenberg holds the largest individual stake in Glencore, the world's biggest commodity trader. Gertler has sparred with Glencore over payment of hundreds of millions of dollars in royalties from Congo cobalt mines (settled in his favor four years ago). In his youth Glasenberg was also a friend of Mick Davis, who would become the CEO of mining company Xstrata. Prices of iron ore and copper have tumbled to their lowest levels in six years. "You want to be a trader, come be a trader," he says. Glasenberg was a cheeky kid: Ex-teacher - TimesLIVE "Glasenberg's wealth is underpinned by his Glencore shareholding. He had managed the copper business and is worth an estimated $3.5 billion. Ivan Glasenberg has Life Path Number 22. And it was here that his recent troubles were born. Ivan Glasenburg joined the billionaire men and women in 2011. For years, shareholders have bought into a myth of invulnerability: that he was so gifted, and his firm so vast, Glencore could simply trade his way out of any difficulty. There are many great benefits to being a Maverick Insider. You don't come here to take life easy. He was succeeded by fellow South African Gary Nagle, who was running the firm's coal business. Get the news that matters from one of the leading news sites in South Africa, American-Haitian man spends over R30k for Cape Town solo trip, Mzansi convinced everything looks cheaper in dollars, End of an era: 30 workers lose their jobs after Durban Funworld closes doors after 75 years, Dr Nandipha to make bail bid in Bloemfontein Magistrates Court, SA wants it denied: Shes a flight risk, BP back in Q1 profit after record loss on Russia exit, Durban dad celebrates 5th birthday, Mzansi stans TikTok as he comes bearing gifts, cake and more, Protect your transactions with the right codes from Nedbank banches, eExtra's Elif: cast, real name, episodes, synopsis, plot summary, Resolve prepaid electricity meter error 30 and other issues: Prepaid meter usage tips, "Things are happening": Man dies in shock after wife got pregnant for another man abroad, gave birth, Thabo Bester: 2 Dismissed G4S employees arrested for Mangaung prison escape, Prime Hydration: SA youth flood Checkers stores to buy Logan Paul's drink, video of long queue goes viral, Spoof video of husband not helping wife with household chores and children gets people bothered, Who is Alexis Roderick?