Patrice Motsepe Net Worth

Net Worth: $2.4 Billion
Statistics
  • Source of Wealth:

    Mining, Business
  • Age:

    56
  • Birth Place:

    Soweto, South Africa
  • Marital Status:

    Married (Dr. Precious Makgosi Moloi)
  • Full Name:

    Patrice Tlhopane Motsepe
  • Nationality:

    South Africa
More Stats View More

About Patrice Tlhopane Motsepe

South African mining magnate, Patrice Tlhopane Motsepe, has a net worth of $2.4 according to Forbes. He is South Africa's first and only black billionaire. His fortune increased by $1 billion since 2010, as a result of rising stock prices. He was born in the sprawling black township of Soweto and then trained as a lawyer, he became first black partner at Bowman Gilfillan law firm in Johannesburg, before starting a contracting business doing mine scut work. Motsepe bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style. Since then he has build $1.5 billion (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in platinum, nickel, chrome, iron, manganese, coal and gold. Motsepe also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town where he sits on the board.

Earnings & Financial Data ?
Choose Year

Earnings 2014

Asset 2014
Value of the sales from mining company, African Rainbow Minerals (ARM)
$1,400,000,000

Earnings 2008

Asset Mar. 2008
Value of his assets including his 5.5% share of Sanlam, the life assurance company
$2,500,000,000
Show all earnings

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