Is Patrice Mostepe the Richest Man in South Africa?
Patrice Motsepe, one of South Africa’s favorite billionaires, is not only among the country’s wealthiest individuals but also among its most powerful.
The billionaire who dared to dream succeeded greatly in South Africa’s top class, which is dominated by white people.
While Motsepe enjoys using his billions in ways that make him happy, he also enjoys giving back to society through The Motsepe Foundation, his humanitarian organization.
Biography
A mining billionaire from South Africa is Patrice Tlhopane Motsepe. He has been the president of the Confederation of African Football since 12 March 2021. Having interests in gold, ferrous metals, base metals, and other commodities, he is the founder and executive chairman of African Rainbow Minerals platinum and metals. He is a member of numerous corporate boards, serving as the deputy chairman of Sanlam and the non-executive chairman of Harmony Gold, the 12th-largest gold mining business in the world. Motsepe, who topped the Sunday Times’ annual Rich List with an estimated worth of R20.07 billion, was voted South Africa’s richest man in 2012.
His Wealth
Patrice Motsepe’s net worth as of 2022, according to Forbes, is $3.6 billion, or nearly R52 billion.
Is Patrice Motsepe South Africa’s richest person?
With his wealth, Patrice Motsepe ranks among the top ten richest people in both South Africa and all of Africa.
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Businesses
Mining industry
Motsepe, is a lawyer with a concentration on mining and corporate law, received his when he founded the first black-owned mining company in South Africa in 1997, it was called the African Rainbow Minerals.
Ubuntu-Botho Asset Management
Motsepe has made significant investments in the banking industry in addition to mining.
He founded Ubuntu-Botho Investments (UBI) in 2003, and he owns the majority of the company. The investment firm owns shares in nearly 40 businesses, including TymeBank, the Rain Telecommunications Company, and the opulent estate Val de Vie.
