Uncovering the Astonishing Net Worth of Patrice Motsepe: A Deep Dive

Uncovering the Astonishing Net Worth of Patrice Motsepe A Deep Dive

Patrice Motsepe, the founder and chairman of African Rainbow Minerals, achieved billionaire status in 2008, making him the first black African to be included on the Forbes list.

In 2016, he established African Rainbow Capital, a private equity firm that focuses on investing in Africa.

Additionally, Motsepe holds a stake in Sanlam, a financial services firm listed on the stock exchange, and is the president and owner of the Mamelodi Sundowns Football Club.

In March 2021, he was elected as the president of the Confederation of African Football, which serves as the governing body for the sport on the continent.

Motsepe’s career began in 1994 when he became the first black partner at the law firm Bowman Gilfillan in Johannesburg.

He later ventured into the mining industry by starting a business that provided services to mining companies. In 1997, he purchased underperforming gold mine shafts and successfully turned them into profitable ventures.

  • Net Worth: $2.3 Billion (2023)

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