[miningmx.com] – THE decline in commodity prices wiped millions of dollars off the net worth of the world’s mining billionaires including Glencore CEO, Ivan Glasenberg, said Bloomberg News citing its Billionaires Index.
The 31 metals, mining and energy billionaires on the index were hit hard as a collapse in prices for oil copper, iron ore and other natural resources shaved $32bn from their fortunes, said Bloomberg News.
Australia’s richest person, Gina Rinehart, lost more than a quarter of her wealth as iron ore plunged by almost half while Glasenberg’s wealth was two-thirds lower after a heavy fall in the share price of the Swiss-headquartered mining group this year.
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