Over a decade of working, in 2007, he finally became the Director of the oil commodity department. Currently, Beard serves the Global Head of Oil, and he is in charge for the worldwide operations of the company. He also became a member of the billionaires club in 2011, when Glencore made its Initial Public Offering on the London exchange, and Beard has got an estimated wealth of more than $2 billion. Even though the company lost nearly 20% of the shares’ value after their public debut, the Glencore future is shining bright because of its plans to merge with Xstrata, a mining company.