After the Trump tariffs caused a sharp drop, former CEO of Jardine Matheson Group, Christopher Granberg, increased his stock holdings for the first time since 2015.

date
09/04/2025
avatar
GMT Eight
Glencore Plc's former CEO and largest shareholder, Ivan Glasenberg, has increased his stake in the company for the first time in ten years after the stock price plummeted due to Donald Trump's imposition of tariffs. Regulatory filings show that Glasenberg's holdings in the mining and commodities trading company have increased to 1.219 billion shares, worth $3.7 billion at the current stock price. This increase of approximately 7.4 million shares compared to the holdings disclosed in Glencore's annual report last month. Because his ownership exceeds 10% of the issued shares, this increase in stake requires disclosure. While Glasenberg is not required to submit such reports every time he buys or sells stock, Glencore will disclose his holdings in its financial data. Previous data has shown that his holdings have remained unchanged since 2015. 2015 was one of Glencore's most challenging years, with the commodity market in a downturn and a crisis of market confidence forcing the company to issue $25 billion in new shares as the stock price plummeted. At that time, Glasenberg contributed approximately $210 million to purchase company stock in order to maintain his ownership stake. Following President Trump's announcement of a global tariff policy last Wednesday, the commodity market saw a significant drop. Glencore became one of the large mining companies hardest hit by the impact, with its stock price closing on Monday at its lowest level in over four years.

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