Deals
Glencore Billionaire Club Loses Half Its Members as Stock Crashes
Glencore Shares Slide as Much As 9.4% on China Slowdown
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Glencore Plc’s initial public offering minted six billionaires in 2011, when Ivan Glasenberg and five other executives together controlled stakes worth $24 billion.
Today, only three would remain in that elite club -- based on the value of their holdings in the company -- and two of those are on the brink of losing their status after the shares of the leading commodity trader lost 70 percent since the flotation.