Patrice Motsepe
- January 5, 2024
- Entrepreneur
Quick Facts
| Full Name | Patrice Motsepe |
| Occupation | Entrepreneur |
| Date Of Birth | Jan 28, 1962(1962-01-28) |
| Age | 62 |
| Birthplace | Ga-Rankuwa |
| Country | South Africa |
| Birth City | North West |
| Horoscope | Capricorn |
Patrice Motsepe Biography
| Name | Patrice Motsepe |
| Birthday | Jan 28 |
| Birth Year | 1962 |
| Place Of Birth | Ga-Rankuwa |
| Home Town | North West |
| Birth Country | South Africa |
| Birth Sign | Capricorn |
| Spouse | Precious Moloi-Motsepe (m. 1989) |
| Children(s) | Kgosi Motsepe, Thlopie Motsepe, Kabelo Motsepe |
Patrice Motsepe is one of the most popular and richest Entrepreneur who was born on January 28, 1962 in Ga-Rankuwa, North West, South Africa. African Rainbow Minerals founder. He was among the richest people in South Africa, with a net worth in excess of $2 billion.
He was ranked as 39th in the Top 100 Great South Africans just 38 places behind He was named 39th on the list of Top 100 Great South Africans, 38 spots behind Nelson Mandela..
The Black Economic Empowerment (BEE) laws introduced after the 1994 elections have been instrumental in cementing Motsepe’s position in the mining industry in South Africa. A business must have a minimum of 26% black ownership to be considered for a mining license.
In 1994, he became the first black partner in the law firm Bowman Gilfillan—the same year that Nelson Mandela was elected as the country’s first black president. While the new government began promoting black empowerment and entrepreneurship; Motsepe founded Future Mining, which provided contract mining services that included the cleaning of gold dust from inside mine shafts for the Vaal Reefs Gold mine, and implemented a system of worker remuneration that combined a low base salary with a profit-sharing bonus.
He fathered three sons along with wife Dr. Precious Magosi Moloi.
Patrice Motsepe Net Worth
| Net Worth | $2.7 Billion |
| Source Of Income | Entrepreneur |
| House | Living in own house. |
Patrice Motsepe is one of the richest Entrepreneur from South Africa. According to our analysis, Wikipedia, Forbes & Business Insider, Patrice Motsepe 's net worth $2.7 Billion. (Last Update: December 11, 2023)
He was one of the first African partner of the Bowman Gilfillan law firm in 1994.
He pledged to give 50% of his fortune in the direction of The Giving Pledge nonprofit organization.
Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa’s richest man, topping the Sunday Times’ annual Rich List with an estimated fortune of R20.07 billion ($1 billion).
Height, Weight & Body Measurements
Patrice Motsepe height Not available right now. Patrice weight Not Known & body measurements will update soon.
Who is Patrice Motsepe Dating?
According to our records, Patrice Motsepe married to Precious Moloi- Motsepe (m. 1989). As of December 1, 2023, Patrice Motsepe’s is not dating anyone.
Relationships Record : We have no records of past relationships for Patrice Motsepe. You may help us to build the dating records for Patrice Motsepe!
In 2003, Motsepe created Ubuntu-Botho Investments (UBI) (and in 2019 he owned 55% of it). In 2004 UBI entered into a BEE deal with insurance and financial services company Sanlam. That deal ended in 2014 when the debt had been paid and UBI acquired 13.5% of Sanlam but UBI has a 18.1% voting stake in Sanlam as its BEE partner. UBI then started African Rainbow Capital (ARC), a wholly owned subsidiary of UBI. ARC’s joint chief executive is Johan van Zyl, former executive of Sanlam. ARC has holdings in more than 40 companies, including TymeBank, industrial group Afrimat, agricultural company BKB, telecommunications company Rain, luxury property estate Val de Vie, and a minority stake in Alexander Forbes, the pension fund administrator.
Facts & Trivia
Patrice Ranked on the list of most popular Entrepreneur. Also ranked in the elit list of famous people born in South Africa. Patrice Motsepe celebrates birthday on January 28 of every year.
Since 2004, he has been a non-executive director of Absa Group and Sanlam.
How did Patrice Motsepe become rich?
Patrice Tlhopane Motsepe, (born Jan. 28, 1962, Soweto, S.Af.), South African businessman and the country’s first black billionaire. Motsepe made his fortune through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, African Rainbow Minerals (ARM).
How many mines does Motsepe own?
TypePublic
Website| www.arm.co.za
Who is Patrice Motsepe wife?
Precious Moloi-Motsepe
What does Patrice Motsepe do for a living?
Professions
Is Ramaphosa a billionaire?
Ramaphosa is well known as a businessman, and his estimated net worth is over R6.4 billion ($450 million) as of 2018 , with 31 properties and previously-held notable ownership in companies such as McDonald’s South Africa, chair of the board for MTN and member of the board for Lonmin.