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Despite a 10-percent plunge in the market value of Motsepe’s 40-percent stake in ARM, the surge in his net worth is linked to the revaluation of private investments.
The court decision impacts the ARM-Glencore joint venture’s financial standing.
The decline in his net worth is closely tied to the sustained downturn in the market value of his 40.37-percent stake in African Rainbow Minerals (ARM).
Motsepe-backed TymeBank targets unclaimed benefits, fueling its drive to dominate South Africa’s financial landscape.
Now holding the 1,264th spot globally, Motsepe’s wealth is primarily sourced from a fortune built in the mining industry.
This acquisition aligns with Motsepe’s earlier announcement of ARM’s proactive pursuit of valuable lithium and copper assets.
Patrice Motsepe, a mining tycoon from South Africa, and the University of the Witwatersrand (Wits) have teamed together to establish a postdoctoral…
Motsepe became the continent’s first Black billionaire in 2008 thanks to a fortune amassed in the mining industry through ARM.
Rain Limited is a South African mobile communications company partly owned by Paul Harris, Michael Jordaan, and Patrice Motsepe
Radebe’s legacy is not just a testament to her entrepreneurial prowess but a symbol of breaking through the bedrock of adversity.
The recent list highlights that Motsepe’s equity portfolio on the JSE is presently estimated at $1.58 billion.
The rebound in Patrice Motsepe’s net worth can be attributed to the surge in the market value of his 40.37-percent stake in ARM
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.