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Billionaire Profile
T
Global Rank
#1499

Image: C. Peterson | Public domain | via Wikimedia Commons

Tor Peterson

CEO, Commodities
UNITED STATES
Real-Time Net Worth
$2.764B
Estimated based on Commodities stock value as of March 6, 2026
-1.55% (24h)
Age
61
Source
Commodities
Industry
Food & Beverage
Citizenship
UNITED STATES

Biography

Tor Peterson is an American businessman known for his significant contributions to the global commodities trading industry. With a net worth of 2.8 billion USD, he is the only American among Swiss billionaires at Glencore, a commodities trading powerhouse, where he has a 3% stake. His wealth originates from his successful career in the commodities sector. Peterson began his career at Phibro-Salomon before moving to Glencore, where he rose through the ranks and led marketing operations for the coal division. He is also known for his philanthropic work, supporting initiatives in education, healthcare, and environmental conservation.

Fact Checked
Verified by Editorial Team
Live Data
Updated 3/6/2026

Wealth Over Time

In-Depth Profile

Early Life and Education

Tor Peterson's early life included attending boarding school in Switzerland. He later earned a Bachelor of Science degree from Duke University.

Rise to Success

Peterson's career began at Phibro-Salomon, where he spent six years trading commodities. In 1992, he joined Glencore, where he rose to the position of Director of the Coal Commodity Department in 2002, succeeding Ivan Glasenberg. He oversaw the marketing business globally and managed the assets of the department. Peterson currently owns 3% of Glencore.

Key Business Strategies

Key to Peterson's success was his expertise in the commodities sector, his strategic vision, and his ability to capitalize on opportunities in the market. He focused on expanding Glencore's coal trading operations and played a crucial role in shaping the company's market position.

Philanthropy

Peterson is known for his involvement in various charitable initiatives, including those focused on education, healthcare, and environmental conservation.

Career Milestones

1992

Joined Glencore

Began working at Glencore after six years in the commodities market at Phibro-Salomon.

2002

Director of Coal Commodity Department

Appointed Director of Coal Commodity Department at Glencore, succeeding Ivan Glasenberg.

2021

Stepped Down from Glencore

Stepped down from his role at Glencore.

Philanthropy & Social Impact

Philanthropy

Various Charitable Initiatives

Not Available

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

Business Philosophy & Leadership

Notable Quotes

"Not Available"

Leadership Principles

Not Available

Not Available

Controversies & Challenges

Not Available

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