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The three comma club


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Interesting to see the dramatic fall of the big Glencore IPO.

 

Daniel Mate, head of zinc, and Telis Mistakidis, head of copper, are just above the billionaire line, with stakes valued at $1.04 billion and $1.03 billion, respectively, down from about $3.6 billion four years ago. If the shares drop another 5 percent, they will become multi-millionaires.

 

http://www.bloomberg.com/news/articles/2015-08-19/glencore-billionaire-club-loses-half-its-members-as-stock-dives

 

And of course:

 

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