What’s Patrice Motsepe’s internet value?
Patrice Motsepe is a South African mining magnate who has a internet value of $3.3 billion. Patrice Motsepe is the founder and government chairman of African Rainbow Minerals, a diversified mining firm with pursuits in gold, platinum, ferrous metals, and coal. His success within the mining business catapulted him into the ranks of the continent’s wealthiest people and established him as a pioneer of Black Financial Empowerment in post-apartheid South Africa.
Motsepe’s affect extends past enterprise. He’s the proprietor of the Mamelodi Sundowns Soccer Membership and serves as president of the Confederation of African Soccer (CAF), the place he has led efforts to reform and revitalize African soccer. He’s additionally a key determine in South Africa’s monetary sector by his funding agency Ubuntu-Botho Investments and its subsidiary, African Rainbow Capital. A dedicated philanthropist, Motsepe and his spouse, Dr. Valuable Moloi-Motsepe, had been the primary African couple to affix The Giving Pledge, dedicating a minimum of half of their fortune to charitable causes.
Early Life and Training
Patrice Tlhopane Motsepe was born on January 28, 1962, in Soweto, Johannesburg. He was raised in a family that valued each management and enterprise. His father, Augustine Motsepe, was a chief of the Mmakau department of the Tswana individuals and in addition ran a small common retailer catering to mine employees. It was on this store {that a} younger Patrice realized the basics of enterprise and customer support.
Motsepe attended a Roman Catholic boarding faculty within the Jap Cape, as his dad and mom needed to keep away from the segregated public faculty system of the apartheid period. He later enrolled on the College of Swaziland, the place he earned a Bachelor of Arts diploma. He went on to earn a regulation diploma from the College of the Witwatersrand in Johannesburg, specializing in mining and enterprise regulation.
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Authorized and Entrepreneurial Beginnings
Motsepe started his authorized profession on the outstanding Johannesburg agency Bowman Gilfillan, the place he turned the primary Black accomplice in 1994. That very same yr, South Africa held its first democratic elections, and sweeping financial reforms opened new doorways for Black entrepreneurs. Motsepe seized the chance by founding Future Mining, an organization that supplied contract mining companies to main corporations, typically utilizing a mannequin that allowed him to be paid by a share of the output fairly than money.
In 1997, he established African Rainbow Minerals (ARM) by buying marginal gold mines from AngloGold at a low price, with compensation structured over time. This transfer laid the muse for one among South Africa’s most profitable Black-owned mining enterprises. ARM later diversified into different minerals, together with platinum, iron ore, and coal, changing into a serious participant within the business.
Motsepe additionally created Ubuntu-Botho Investments, which partnered with monetary companies firm Sanlam in a groundbreaking Black Financial Empowerment deal. By this automobile, he launched African Rainbow Capital, an funding agency that holds pursuits in a broad vary of companies, together with TymeBank, Rain (a telecom firm), and a number of other asset administration companies.
Management in Sports activities
Motsepe can be considerably concerned in sports activities possession and management, having bought the South African skilled soccer membership Mamelodi Sundowns between 2003 and 2004. After years of battle, the membership started dominating South African soccer, successful the Premiership for eight consecutive years from 2018 to 2025. In the meantime, in 2021, Motsepe was elected president of the Confederation of African Soccer. He was reelected in 2025. Motsepe additionally owns a 37% stake within the South African rugby union group the Blue Bulls.
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Philanthropy and Social Dedication
In 1999, Motsepe and his spouse based the Motsepe Basis to advertise social upliftment and financial inclusion, with a concentrate on well being, training, and rural improvement. The muse has funded a variety of initiatives, together with scholarships, faculty infrastructure initiatives, agricultural improvement, and catastrophe reduction efforts.
In 2013, the Motsepes joined The Giving Pledge, an initiative led by Invoice and Melinda Gates and Warren Buffett, by which billionaires decide to donating the vast majority of their wealth to philanthropic causes. Motsepe was the primary African to make this dedication, stating that he needed to make sure that future generations benefited from the sources and alternatives he had gained.
His philanthropic efforts have included massive donations to universities, well being establishments, and pandemic reduction applications throughout South Africa and different components of the continent.
Private Life and Legacy
Motsepe is married to Dr. Valuable Moloi-Motsepe, a doctor, entrepreneur, and advocate for ladies’s well being and style entrepreneurship in Africa. The couple has three youngsters. Motsepe’s household contains outstanding South African figures: his sister Tshepo is the First Girl of South Africa, married to President Cyril Ramaphosa, and his different sister, Bridgette Radebe, is a widely known businesswoman within the mining business.
Patrice Motsepe’s legacy is one among trailblazing success, each in enterprise and in social improvement. He not solely opened doorways for Black entrepreneurs in South Africa’s mining sector however has additionally used his wealth and platform to advertise training, well being, and financial inclusion. By his work in enterprise, sport, and philanthropy, he continues to form the way forward for South Africa and the African continent.
All internet worths are calculated utilizing knowledge drawn from public sources. When supplied, we additionally incorporate personal ideas and suggestions obtained from the celebrities or their representatives. Whereas we work diligently to make sure that our numbers are as correct as doable, except in any other case indicated they’re solely estimates. We welcome all corrections and suggestions utilizing the button beneath.