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7 Things You Didn’t Know About South Africa’s Only Black Billionaire

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AFRICANGLOBE - Patrice Motsepe is a man who quite literally struck gold. In 1997, when the gold market was close to its lowest in the last three decades, he started buying gold mines at favorable prices and later founded the first South African Black-owned mining company, African Rainbow Minerals.

The Top Five Wealthiest Blacks In South Africa

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AFRICANGLOBE - Patrice Motsepe, the founder and executive chairman of African Rainbow Minerals (ARM) is often referred to as South Africa’s first Black billionaire and the wealthiest Black man in South Africa. Motsepe has a net worth of $2.5 billion

South African Billionaire Donate Millions to Alleviate Poverty

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AFRICANGLOBE - South African billionaire and mining magnate Patrice Motsepe has donated 12 million to help rid Cape Town of poverty and unemployment on Wednesday.

South African Billionaire Patrice Motsepe Pledges Half His Fortune to the...

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AFRICANGLOBE - Political parties in South Africa have welcomed and praised billionaire businessman Patrice Motsepe for donating at least half the money generated by his assets to the poor.

Billionaire Patrice Motsepe Remains South Africa’s Richest Man?

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South Africa’s 20 richest people have increased their cumulative wealth by 8 percent over the past year, the Sunday Times’ annual Rich List has...

South African Billionaire Patrice Motsepe Eyes Embattled Lonmin Mine

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South African mining billionaire Patrice Motsepe has indicated interest in British platinum producer Lonmin’s Marikana mine, which is facing a four week strike that has...

Lord of the Mines: Meet Billionaire Patrice Motsepe

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At the tender age of eight Patrice Motsepe encountered his first taste of business success. As a little boy resident in the sprawling township...
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