How did Motsepe get rich?

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.

How did Patrice Motsepe grow up?

Patrice was born to Augustine Motsepe, a schoolteacher turned small businessman, who owned a Spaza shop 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.

How much does Patrice Motsepe earn?

As the Non-Executive Non-Independent Chairman of the Board of Harmony Gold Mining Co Ltd, the total compensation of Patrice Motsepe at Harmony Gold Mining Co Ltd is $1,377,000.

Is Ramaphosa a billionaire?

He is one of South Africa's richest men, with an estimated wealth of R6. 4 billion ($450 million). In 2011, Ramaphosa paid for a 20-year master franchise agreement to run 145 McDonald's restaurants in South Africa.

How is Motsepe related to Ramaphosa?

Tshepo Motsepe (born 17 June 1953) is a South African physician and businesswoman. She is the First Lady of South Africa, as the wife of Cyril Ramaphosa, the President of South Africa. She is the older sister of Bridgette Radebe and her brother is Patrice Motsepe.

How Patrice Motsepe made his billions | Billionaire Boys Club

Which wine farm did Motsepe buy?

Mining magnate Patrice Motsepe, who is worth an estimated US$3 billion, has purchased Hidden Valley winery near Stellenbosch. The sale includes a 28-hectare farm acquired for between R100 million (US$5.5million) and R120 million (US$7.9 million) in cash, according to South African news outlet News24.

Who is the youngest billionaire in South Africa?

23-year old Sandile Shezi wey dey call himself South African youngest millionaire don chop arrest by police.

Who is the richest kid in SA?

Vusi Thembekwayo is the richest young man in South Africa, with an approximated net worth of $36M or about R530M. He is an entrepreneur best known for his masterclasses.

Is Patrice Motsepe self made?

A self-made man

Born on 28 January 1962, Motsepe was named after Patrice Lumumba, the first elected prime minister of what is today the Democratic Republic of Congo.

What companies does Motsepe own?

Dr Motsepe is also the founder and Chairman of Ubuntu-Botho Investments, African Rainbow Capital (ARC), African Rainbow Energy and Power (AREP) and UBI General Partner (Pty) Ltd. He is also the Deputy Chairman of Sanlam, Chairman of Harmony Gold and President of Mamelodi Sundowns Football Club.

How many businesses does Patrice Motsepe own?

The firm, controlled by South African billionaire Patrice Motsepe through his Ubuntu-Botho Investments company, already owns branchless TymeBank and telecommunications business Rain, along with more diverse holdings spanning almost 50 companies.

How can I contact Patrice Motsepe?

Patrice Motsepe Email Address

@arm.co.za.

How can I become a billionaire in South Africa?

A billionaire is someone who has assets or a net worth of at least one billion currency units in their native currency. Develop a written financial plan. Get into the habit of saving.

What car does Patrice Motsepe drive?

Motsepe also has great taste in cars. He reportedly owns a collection of a 2007 BMW 750 iL, Mercedes Benz S65 AMG, a Bentley Continental GT and the BMW 760 Li. Collectively those cars cost over R12 million: Bentley Continental GT- R3.

Who is the richest man in Limpopo?

Media24 reports that Limpopo premier, Cassel Mathale, might be the richest premier in South Africa, with more than 20 directorships, a 1,700ha farm and a health spa. And his day job!

Who is the richest rapper in South Africa?

1. Die Antwoord Net Worth $16 Million. Die Antwoord is a hip hop duo that has been active since 2008. Ninja and Yolandi Visser are the duo's male and female members, and they are the richest rappers in South Africa.

How much is Patrice Motsepe worth in rands?

What is Patrice Motsepe's net worth? According to Forbes, Patrice Motsepe's net worth as of 2022 is $3.6 billion which is roughly equivalent to R52 billion. Let's take a look at Patrice Motsepe's sources of wealth that contributed to Motsepe's billions.