Get To Know The South African Mining Billionaire: Patrice Motsepe

Patrice Tlhopane Motsepe was born 28 January 1962. He 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. Motsepe sits on several company boards, including being the non-executive chairman of Harmony Gold, the world’s 12th largest gold mining company. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a contracting business doing mine scot work. Also read Who Is Razaq Okoya? His Journey From Tailor To Billionaire Business Mogul


  • Motsepe won South Africa’s Best Entrepreneur Award in 2002. 
  • In 2008, he was reported as the 503rd-richest person in the world, according to the Forbes 2019 list of The World’s Billionaires.
  •  In 2020, Motsepe was ranked as the 1,307th-wealthiest person in the world by Forbes, with a reported fortune of US$2.1 billion.
  • He was voted 39th in the SABC3’S Great South Africans, 2004
  • Voted 503rd richest person in the world, 2008
  • South Africa’s richest man, 2012
  • Ranked 962nd wealthiest person in the world, Forbes Rich List, 2018
  • Third wealthiest South African, 2019

Motsepe’s Quote

“If we continue doing the right things in Africa, we can create a very exciting and competitive global market here.”

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