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Patrice Motsepe Net Worth

Patrice Motsepe Net Worth

Net Worth: $2.4 Billion

  • Source of Wealth Mining, Business
  • Birth Place Soweto, South Africa
  • Marital Status Married (Dr. Precious Makgosi Moloi)
  • Full Name Patrice Tlhopane Motsepe
  • Nationality South Africa
  • Date of Birth January 28, 1962
  • Occupation Mining Magnate
  • Education University of the Witwatersrand, University of Swaziland
  • Children 3 (Thlopie, Kabelo, Kgosi)
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About Patrice 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

The below financial data is gathered and compiled by TheRichest analysts team to give you a better understanding of Patrice Motsepe's net worth by breaking down the most relevant financial events such as yearly salaries, contracts, earn outs, endorsements, stock ownership and much more.

Choose Year
  • Earnings 2014
  • Earnings 2008
  • Earnings 2004
Earnings 2014 N/A
Asset 2014

Value of the sales from mining company, African Rainbow Minerals (ARM)

Earnings 2008 N/A
Asset Mar. 2008

Value of his assets including his 5.5% share of Sanlam, the life assurance company

Earnings 2004 N/A
Asset 2004

Value of his $19 million investment in Sanlam’s Ubuntu-Botho BEE deal in 2004 after it matured recently

Show all earnings