7 companies owned by Africa’s first Black billionaire, Patrice Motsepe
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
From Tanzania, Sudan, Zimbabwe and South Africa, meet the four African billionaires who have signed The Giving Pledge.
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
The decline in Motsepe’s wealth can be attributed to the sustained drop in the share price of African Rainbow Minerals.
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
From Allan Gray to Patrice Motsepe, meet the 10 most generous South African philanthropists ever.
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
Motsepe remains the richest Black person in Southern Africa.
TymeBank is owned in part by ARC Financial Services Holding, a Black-owned and -controlled company linked to Motsepe.
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.
South Africa maintains its position as Africa’s largest wealth market and most industrialized economy.