Commodities trading has already made Ivan Glasenberg one of the richest people in the world.

FORBES: BY TIM TREADGOLD

Ivan Glasenberg joined Glencore in April 1984 and has been Chief Executive Officer of Glencore since January 2002.

FORBES: Glencore Prospectus Confirms IPO Will Create Six New Billionaires

Under the new terms, Xstrata boss Mick Davis would head the combined group for six months before making way for Glencore's Ivan Glasenberg.

BBC: Glencore confirms new Xstrata bid terms

The biggest winner in this float will be none other than CEO Ivan Glasenberg, a reclusive 54 year-old South African who is a former champion race walker.

FORBES: South Africa's New Richest Man

The Switzerland-based commodities giant, run by billionaire Ivan Glasenberg, upped its offer to 3.05 Glencore shares for each share of Xstrata, from an initial bid of 2.8 shares.

FORBES: Glencore Sweetens Bid To Save Xstrata Deal

This time, Ivan Glasenberg of Glencore took the initiative.

FORBES: Glencore's Billionaire CEO Glasenberg Raises Xstrata Bid To Woo The Qataris

Glencore has proposed that its chief executive Ivan Glasenberg should lead the merged entity instead of Xstrata's boss Mick Davis, who would have been the new chief executive under the old terms.

BBC: Glencore tables fresh Xstrata bid

Instead, four of the top five slots were occupied by people who made their money from the mining boom - Ivan Glasenberg, Andrew Forrest, Clive Palmer, and, at the very top, Gina Rinehart, Australia's first lady of iron ore.

BBC: May: A month of goodbyes