Robert Friedland Net Worth

How rich is Robert Friedland?

Robert Friedland net worth:
$1.8 Billion

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Robert Martin Friedland (August 18, 1950) is a global financier and leading player in the junior mining sector. Because the early 1980s, he’s specialized in procuring funds for the investigation and development of mineral and energy resources and innovative technology enterprises. He’s the creator and Chairman of his private, family-owned company, Ivanhoe Capital Corporation, which will be active in international capital markets and has an established focus on emerging markets.

Friedland runs Ivanhoe Capital from its corporate headquarters in Singapore — a place which has eased his overriding company focus on the Asia Pacific area throughout the previous 20 years. The initial stage of what’s alone projected to be among the planet ‘s biggest porphyry copper and gold mines is under construction at Oyu Tolgoi and is anticipated to start commercial production in 2013. Ivanhoe Mines also has significant interests in SouthGobi Resources, Ivanhoe Australia and Altynalmas Gold. Friedland was chairman of Galactic Resources which ran Summitville mine, the website of the United States’ worst cyanide release and mine insolvency and Superfund site. This mine closed in 1990 but continues to impact the area. It’s projected that at least $120 million will likely have to clean up the insolvent Galactic Resources mining site, which has damaged 17 miles of river. The former environmental manager of the facility was indicted for deliberately dumping lead and cyanide directly into streams. Copper mines managed by Ivanhoe in Myanmar have lately come under examination as environmental degradation, illegal business practices, together with inside relations with all the ruling military junta have created ethical concerns.

Robert Friedland Net Worth $1.3 Billion Dollars

Quick Facts

Birth date: 1950-08-18
Profession:Financier, Entrepreneur
Education:Reed College, Bowdoin College
Nationality:United States
Spouse:Darlene M. Friedland
Parents:Albert Friedland, Ilona Muller Friedland

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CNN Presents1995TV Series documentaryHimself - Chairman, Galactic Resources

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