Lourenco Goncalves holds a substantial stake in Cleveland-Cliffs, with his stock ownership exceeding 1% of the company. His wealth in company shares peaked significantly during a strong market performance in 2021, surpassing $100 million in value. This reflects his confidence...

Lourenco Goncalves holds a substantial stake in Cleveland-Cliffs, with his stock ownership exceeding 1% of the company. His wealth in company shares peaked significantly during a strong market performance in 2021, surpassing $100 million in value. This reflects his confidence in Cleveland-Cliffs’ direction and aligns his interests with those of shareholders. Over the years, his holdings have fluctuated significantly, showing strong confidence from 2019 to 2024. At its highest, his stake was valued at nearly $161 million in early 2024, marking a considerable growth reflecting an increase in the company’s market performance. In contrast, his holdings were valued around $24 million during a dip in the market in early 2020, highlighting the volatile nature of his investments tied to the steel industry's ups and downs.