Glencore CEO’s IPO Wealth May Beat Google, Blackstone Founders

Glencore International AG’s initial public offering may value Chief Executive Officer Ivan Glasenberg’s stake at $9.6 billion, more than Google Inc. and Blackstone Group LP’s founders reaped in their IPOs.

Glasenberg, 54, will own 16 percent of the Swiss commodity trader after the sale, which may give the company a market capitalization of about $61 billion, according to a prospectus published today.

Stephen Schwarzman’s stake in Blackstone was $8.8 billion when the New York-based private-equity firm went public in June 2007. Google founders Larry Page and Sergey Brin held $3.28 billion and $3.27 billion of the internet search company’s stock at its IPO in 2004. Goldman Sachs Group Inc.’s IPO, 12 years ago, pegged then-CEO Henry Paulson’s stake at $219 million.

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- Posted: 2011-05-04 15:21:02

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