Glencore's Chief Executive Officer, co-founder, and second largest shareholder Ivan Glasenberg is set to pay $210 million of the company's impending $2.5 billion sale of new shares to repair its balance sheet.

According to Seeking Alpha, the Swiss commodity trader has announced its plans to finally reduce its debt by $10 billion. This plan includes a fully-underwritten capital raise and a dividend suspension. The net debt is expected to be reduced by 32% and reduce the company's expenses. The company is now considering a range of options for offering stock, including a simple share placement, a mandatory convertible bond, or a rights issue just to help sell the $2.5 billion worth of shares.

According to Blooomberg's calculations, besides Glasenberg, other Glencore executives face a collective $514 million bill in the upcoming giant sale. Metals and energy units heads, Daniel Mate has $80 million, Telis Mistakidis has $79 million, Tor Peterson has $70 million, and Alex Beard has $61 million. The company's Chief Financial Officer Steve Kalmin also faces a substantially big amount at $14 million. These amounts will uphold Glencore's commitment that they won't dilute its holdings.

Just this week, Glencore announced its plan to bolster its balance sheet, which is ballooning to a $30 billion debt pile. The company also said it will cut out borrowing by a third to protect its BBB rating at Standard & Poor's.

Chicago Tribune reported that eyes are also on Glencore's rival Anglos American Plc on whether it will follow the prior company in making moves to shore up balance sheet. Glencore and Anglos American are among the companies hardest hit by the recent Chinese economic slowdown, which led to a low demand for commodities.

Glencore had $85.7 billion revenue during the first half of 2015, but suffered a net loss of $817 million. This huge amount of net loss is caused by continuing impairment charges and some insignificant accounting tricks.