Daniel Maté He is one of those names that rarely makes headlines, but his influence and fortune are undeniable. At 61 years old, the Basque has become the richest man in his autonomous community, a status achieved thanks to his participation in one of the most powerful companies in the world.
Known for his low profile and his life away from the spotlight, his wealth comes from the raw materials industry, a sector that has marked his way to the top of the list of billionaires.
Daniel Maté, the richest person in the Basque Country
The businessman occupies the position number 9 on the list of the 100 richest Spaniards by Forbeswith a fortune estimated at 3.1 billion euros. At 61 years old, Maté has established himself as the richest man in the Basque Countrya title that reflects his impact both in his native region and in the international business arena. Although in 2023 its assets amounted to 2.9 billion euros, this increase in 2024 has allowed it to remain among the most prominent, although its position has fallen two places compared to the previous year.
The discretion of Spanish is one of the factors that draws the most attention. Unlike other businessmen of his status, the Basque does not usually appear in the media nor does it seek public exposure. His personal and professional life is away from the media spotlight, which has allowed him to maintain a low profile. However, his participation in Glencore, one of the largest raw materials multinationals in the world, is what has really cemented his fortune.
The fact that, despite his success, Maté remains relatively unknown compared to other Spanish billionaires reflects his conscious choice to maintain privacy. His fortune comes not only from his work in the mining industry, but also from his ability to stay out of public life, which has allowed him Avoid scandals and maintain full control over your businesses.
Where does Daniel Maté’s fortune come from?
Daniel Maté’s fortune has its origins in his link with Glencoreone of the largest multinationals in the world dedicated to purchase and sale of raw materials. In 1988, the businessman joined Marc Rich & Co., the company founded by the famous commodities magnate Marc Rich, which would later become Glencore. The Basque was one of the key pillars in the development of the companyespecially in the zinc, copper and lead sectors, where his ability to manage market fluctuations allowed him to stand out.
Over the years, the Spaniard rose within the industry, and his influence expanded to become one of the largest shareholders. It currently owns around 3% of Glencore, which guarantees it a significant part of the profits generated by the multinational. Despite the volatility of the markets, which in recent years has been affected by the trade war between the United States and China and the low demand for raw materials, Maté has managed to keep his wealth intact.
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In addition to his participation in Glencore, the billionaire has made strategic investments in other sectors, such as real estate. In Spain, for example, it has acquired high-value properties, such as the historic Telefónica headquarters in Barcelona, which it bought for around 100 million euros. These acquisitions not only show his ability to diversify his fortune, but also his penchant for investing in assets that, despite their price, have high long-term value.
Daniel Maté too has invested in Switzerland and other parts of the world through its family officean investment vehicle that allows you to manage your capital more efficiently and with less public exposure. This ability to manage his wealth and maintain a low profile has been key to his success.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
