Born and bred in Garankuwa, on 28 January 1962, Patrice Motsepe is one of South Africa’s most successful businessman. He owns stakes in many of the country’s most famous and successful companies and has been named the South Africa’s richest man with an estimated net worth of 28 Billion rands.
You can say Patrice is the true son of his father, Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people, as he has followed his father’s footsteps who was a successful businessman. Patrice had worked in his father’s companies till he was able to establish his own mining company, African Rainbow Capital (ARC) in 2015, which is like a household name in South Africa.
Motsepe is practically multidimensional as he is venturing into all kinds of businesses, from mining, telecommunications to banking and sports. He is also a shareholder in famous companies such as Tymebank, Mamelodi Sundowns, Blue bulls and currently the Confederation of African Football (CAF) President through his company, ARC investments. Motsepe’s investment in the Blue Bulls means he joined another billionaire, Johann Rupert, as a shareholder in the popular rugby franchise.
Patrice Motsepe is also the known owner of Rain, a popular network which has the most affordable data in the country, even though many doesn’t know this fact yet as Patrice is a very private man.
He also has a strong focus on philanthropic endeavours. In 2003, as part of The Giving Pledge, he formed the Motsepe Foundation, aiming to donate half his wealth during his lifetime.
The Motsepe Foundation aims to use the principle of ubuntu to uplift others.
See the various companies Patrice owns a share in below:
His ARC investment is as follows:
The diversification of his Afican Rainbow Minerals (ARM):
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