Ivan Glasenberg

Ivan Glasenberg, a South African business leader, is an unusual addition to the list of richest people in Australia. The former CEO of Glencore, the world's largest commodities trading company, previously held Australian citizenship, which he obtained while working in the coal industry in Australia, and so met the requirements. Glasenberg, the son of Lithuanian Jewish immigrants to South Africa, grew up in a Johannesburg neighborhood during apartheid's height. He was a world-class speed walker who was refused entry to the Olympics due to the country's worldwide athletic boycott.

In 1984, he joined Glencore's predecessor business, Marc Rich & Co, as a coal dealer after earning an accounting degree in South Africa and an MBA from the University of Southern California. In 1990, he was named head of the coal section, and in 2002, he was named CEO of Glencore. Glasenberg has had a successful year in terms of net worth. The company's transition from a privately-held commodities trader to a $58 billion publicly traded natural resources powerhouse has been driven by the chief executive's unrelenting work ethic, steely commitment, and intense competitive spirit over nearly two decades. Despite retiring as CEO in June 2021, Ivan Glasenberghas amassed about AUD$2 billion in earnings, which is a decent sum for a retiree.

Net worth: AUD $9.10 Billion