The Newcomer Billionaires of 2012


Ivan Glasenberg
Ivan Glasenberg is Chief executive of commodities giant Glencore. He is one of its five executives to make their debut and the credit goes to a successful public offering in May 2011. He has vowed not to sell shares in the company while he works there. He owns a net worth of $7.3 billion.
 

Patrizio Bertelli
Patrizio Bertelli came across Miuccia Prada, his future wife at a trade fair in 1977. She supplied the design and he brought the business acumen. He orchestrated the brand’s June 2011 IPO on the Hong Kong Stock Exchange, which elevated Miuccia back into the ranks after a six year absence and put Bertelli onto the list for the first time. He owns a net worth of $3.7 billion.

Pansy Ho
Pansy Ho is one among 16 living children of Macau mogul Stanley Ho. But among all, she is the only billionaire and she should be thanking the successful listing of MGM China for this, a joint venture with the U.S. gaming firm that she helped start in 2004 and now runs. She also holds stakes in her father’s SJM and Shun Tak Holdings after a family feud over those assets was settled in March 2011. She owns a net worth of $3.5 billion.