African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
African Rainbow Minerals
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The $1.1-billion market value wipeout also impacted Motsepe’s net worth, bringing it below $2.4 billion earlier this year.
- Southern Africa
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.
- Southern Africa
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.Â
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Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
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Motsepe remains the richest Black person in Southern Africa.
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Motsepe owns a 39.7-percent stake in the diversified mining group.
- Hot News
South African billionaire Patrice Motsepe’s ARM surpasses expectations with $280 million H1 2023 profit
African Rainbow Minerals is a diversified mining group led by South African billionaire Patrice Motsepe.
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Motsepe owns 39.7 percent of ARM.
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ARM is South Africa’s first Black-owned mining company.