Home Billionaires Patrice Motsepe: The Forbes #9 billionaire

Patrice Motsepe: The Forbes #9 billionaire

by odoomebenezeryaw

Quick Fact about Patrice Motsepe

Forbes Ranking: #9, Africa

Networth: $3.2billion

Known For: CAF President

Full Name: Patrice Tlhopane Motsepe

Wife: Precious Moloi

Date of Birth: January 28, 1962

Nationality: South African

Occupation: Businessman, Mining Magnate

Businesses: African Rainbow Minerals,Ubuntu-Botho Investments (UBI)

Football: Owner, Mamelodi Sundowns F.C.

Patrice Tlhopane Motsepe was born on January 28, 1962, in Soweto, South Africa. He grew up during the tumultuous years of apartheid, which deeply influenced his perspective on social justice and equality. Motsepe displayed exceptional academic abilities and earned a law degree from the University of Witwatersrand. He then practiced law for a few years before embarking on a career in business.

In the early 1990s, after the fall of apartheid, Motsepe founded Future Mining, which provided contract mining services. His entry into the mining sector proved to be visionary. In 1997, he acquired several gold mines that were being divested by larger mining companies, and this marked the beginning of his significant involvement in the mining industry.

In 2002, he founded African Rainbow Minerals (ARM), a diversified mining company that focuses on various resources, including platinum, coal, iron ore, and more. Under Motsepe’s leadership, ARM grew rapidly and became a prominent player in the South African mining sector.

Motsepe’s business acumen and strategic investments led to immense wealth, making him one of the richest individuals in Africa and the world. However, he is also known for his philanthropic efforts. In 2013, he became the first African to join the Giving Pledge, committing to donate half of his wealth to charitable causes. He established the Motsepe Foundation with a focus on education, healthcare, and social development.

In addition to his involvement with ARM, Motsepe is the chairman of Harmony Gold Mining Company, one of the world’s largest gold mining companies. He has also been associated with various business and economic organizations in South Africa and globally.

Motsepe’s achievements have earned him numerous accolades and honors, including recognition for his contributions to business and society. His story is often cited as an example of entrepreneurship, leadership, and dedication to positive change.

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