The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Patrice Motsepe
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The decline is a significant blow to Motsepe’s wealth, as his holding in ARM represents a substantial portion of his net worth.
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The $28.8-million interim dividend will be deposited into Patrice Motsepe’s bank account on Mon., April 8, 2024.
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Sanlam CEO Paul Hanratty, a notable figure in South Africa’s business landscape, lauded the company’s robust delivery in the face of extraordinary …
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Billionaire Patrice Motsepe donates $1.55 million to alleviate student debt in South Africa
Motsepe, who achieved the status of Africa’s first Black billionaire in 2008 through success in the mining industry, has consistently been a …
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Motsepe, Africa’s first Black billionaire and a prominent South African tycoon, holds a 45.9-percent stake in ARM, or 89,905,401 shares.
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Despite the recent setback, Motsepe retains his position as the wealthiest Black individual in Southern Africa.