| Net Worth: | $1 Billion |
Gary Fegel Net Worth: Gary Fegel is a Swiss businessman who has a net worth of $1 billion. Gary Fegel acquired billionaire status in May 2011, right after Glencore’s IPO. Once he took his Master of Business Administration degree from the University of St. Gallen, Fegel took part of the alumina and aluminum department at the commodities titan in 2001. Six years later, he got appointed Director of the department, where he now manages operations like buying, marketing, logistics, hedging and risk management for Glencore’s aluminum business. In February 2012, Glencore revealed its plans to merge with mining outfit Xstrata, but the so-called all-stock “merger of equals” is currently waiting for regulatory approval in China.