Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Motsepe remains the richest Black person in Southern Africa.
Motsepe owns a 39.7-percent stake in the diversified mining group.
African Rainbow Minerals is a diversified mining group led by South African billionaire Patrice Motsepe.
Motsepe owns 39.7 percent of ARM.
ARM is South Africa’s first Black-owned mining company.
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining company, owns 39.7 percent of the company.
Motsepe’s net worth has dropped by $500 million since the start of the year.
Motsepe is a member of the WEF Board of Trustees.
Motsepe, the South African billionaire and current President of the Confederation of African Football (CAF) founded the mining firm in 1997.
The billionaire is one of the richest men in Africa.
Motsepe, who has been instrumental in the success of the South African miner, has a substantial 39.7 percent interest in the company.
Motsepe founded the mining enterprise in 1997 as South Africa’s first Black-owned mining firm.
ARM is a significant South African mining and minerals firm with holdings in a variety of mines.