Patrice Tlhopane Motsepe The First Billionaire In SA
Patrice Tlhopane Motsepe The First Billionaire In SA
Who Is The First Billionaire In SA ? Patrice Tlhopane Motsepe as the First Billionaire In South Africa is a South African mining billionaire businessman of Tswana descent. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.
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).
Where did Motsepe get his money?
Motsepe made his fortune through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, African Rainbow Minerals (ARM). In spite of having grown up in the apartheid era, Motsepe fared better than many other South African blacks.
Patrice Tlhopane Motsepe Biography : Net worth and Lifestyle
Patrice Tlhopane Motsepe Profile summary
Full name: Patrice Tlhopane Motsepe
Born : January 28, 1962 (age 59 years), Ga-Rankuwa, South Africa
Net worth : 3 billion USD (2022) Forbes
Spouse : Precious Moloi-Motsepe (m. 1989)
Children : Kgosi Motsepe, Thlopie Motsepe, Kabelo Motsepe
Education : University of the Witwatersrand, Johannesburg, University of Eswatini – Kwaluseni Campus
Siblings : Tshepo Motsepe, Bridgette Radebe
Patrice Tlhopane Motsepe Biography
Patrice was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people, who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was popular with black mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand exposure to mining.
He earned a Bachelor of Arts degree at the University of Swaziland and a law degree from the University of the Witwatersrand. He specialised in mining and business law.
Patrice Tlhopane Motsepe Career Life
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.
Patrice Tlhopane Motsepe Net Worth 2022
Patrice Tlhopane Motsepe is currently the First Billionaire in South Africa , with an estimated net worth of $3 billion USD (2022).
Where is Patrice Tlhopane Motsepe now?
Motsepe is married to Dr. Precious Moloi, a physician and fashion entrepreneur. They have three children.
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