Tor Peterson

Net Worth

$2.341B

+1.14% (24h)

Tor Peterson is an American billionaire renowned for his success in the commodities trading sector. At 61 years old, Peterson's wealth stems from his strategic involvement in the metals-mining industry, specifically through his long-standing association with Glencore. He joined Glencore in 1992 and was instrumental in leading its coal division's marketing operations. Peterson's career includes six years at Phibro-Salomon, where he honed his commodity trading skills. His estimated net worth is $2.2 billion. He resides in Zug, Switzerland. Peterson's achievements include rising to the position of Director of Coal and Coke at Glencore. He is known for his strategic vision and expertise in commodities trading, risk management, and market dynamics, contributing significantly to Glencore's growth.

The Full Dossier

Early Life

Tor Peterson was born in the United States. He attended boarding school in Switzerland and graduated from Duke University with a degree in political science and French in 1986.

Rise to Success

Peterson began his career at Phibro-Salomon in New York, where he spent six years trading commodities. In 1992, he joined Glencore, a Swiss commodities trading powerhouse, and quickly rose through the ranks. He became the Director of Coal and Coke in 2002, succeeding Ivan Glasenberg. Peterson's expertise in commodities trading, risk management, and market dynamics contributed significantly to Glencore's growth and profitability. He owns a minority stake in Glencore.

Key Business Strategies

Peterson's key business strategies involved his deep understanding of global markets and his ability to navigate complex economic landscapes. His leadership in Glencore's coal division was marked by strategic vision and expanding the company's operations. His experience in marketing, risk management, and commodities trading were pivotal to his success.

Philanthropy

Tor Peterson is recognized for his philanthropic endeavors. He has been involved in various charitable initiatives focused on education, healthcare, and environmental conservation.

Career Timeline

2021

Retired from Glencore

Stepped down from his role at Glencore.

2002

Director of Coal and Coke

Became the Director of the Coal and Coke commodity department at Glencore.

1992

Joined Glencore

Began working as a marketer and later rose through the ranks.

1986

Graduated from Duke University

Received a dual degree in political science and French.

Philanthropic Impact

PhilanthropyUndisclosed

Various Charitable Initiatives

Involved in initiatives focused on education, healthcare, and environmental conservation.