Patrice Motsepe Net Worth is$2,650 $Million
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Birth Name: Patrice Tlhopane Motsepe
Birth Place: Soweto, South Africa
Birth Date: df
Nationality: South African
Alma Mater: University of the Witwatersrand
University of Swaziland

Occupation: Executive Chairman of Arm gold
Spouse: Dr Precious Makgosi Moloi
Patrice Tlhopane Motsepe (born 28 January 1962 in Soweto) is a South African mining magnate. His company, African Rainbow Minerals, has interests in gold, ferrous metals, base metals, and platinum. He also sits on several company boards including the board of Greene and Partners a large South African Based Investment Company. He topped the Sunday Times Annual Rich List in 2011, with his wealth estimated to be around R22.99 billion (USD $3.28 billion).
Since 2003, he is the owner of football club Mamelodi Sundowns.
He is married to Dr. Precious Makgosi Moloi and they have three sons. Motsepe's father named him Patrice after Patrice Lumumba.
Patrice was born to Augustine Motsepe, a schoolteacher turned small businessman, who owned a Spaza shop popular with black mine workers, it was from there that Patrice Motsepe learnt basic business principles from his father as well as first hand exposure to mining. He earned a law degree and became the first black partner in the law firm Bowman Gilfillan in 1994, the same year Nelson Mandela was elected the countrya??s first black president. He specialized in mining and business law at a time when the new government had begun the process of promoting black empowerment and entrepreneurship. Motsepe soon founded a mining services venture to glean gold dust from inside mine shafts, implementing a system of worker remuneration that combined a low base salary with a profit-sharing bonus. In 1997, with gold prices at a low, he used his connections and the black empowerment policy to arrange for finance on favorable terms, and set up a firm to begin buying the operating mines that would become the source of his wealth. In 1999 he teamed up with two of his associates to form Greene and Partners Investments
Patrice Motsepe won South Africa's Best Entrepreneur Award in 2002. In 2004 he was voted 39th in the Top 100 Great South Africans. This accolade was, however granted by the government funded state broadcaster. In 2008 he wa

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Patrice Motsepe Latest News

Rain planning to hit 2,000 base stations by end of 2017

Patrice Motsepe’s African Rainbow Capital Investments issued and investment update on Tuesday, 5 December, which includes an update on LTE-A group Rain. African Rainbow Capital Investments (ARC Investments) listed in the Speciality Finance Sector on the ...
Posted: December 5, 2017, 12:00 am

I will stay here as long as Mamelodi Sundowns want me, says Pitso Mosimane

The 53-year-old has enjoyed a purple patch at the Tshwane giants, guiding them to several continental and domestic successes, which has seen club president Patrice Motsepe previously come out in in full support of the former Bafana Bafana mentor ...
Posted: December 12, 2017, 12:44 am

Mosimane happy to remain at Chloorkop

Brazilians owner Patrice Motsepe recently stated his intention to create a platform for the former Bafana Bafana boss to become the 'Sir Alex Ferguson' of Sundowns. With Masandawana leading in the Absa Premiership standings, it seems all the more likely ...
Posted: December 12, 2017, 10:04 am
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