African Rainbow Minerals

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.