Business

Patrice Motsepe, First Rich Man from South Africa

Forbes released the name of a new rich man from South Africa, namely Patrice Motsepe. He also became the first African to enter the list of world conglomerates with a net worth of US $2.2 billion.

To quote Forbes, Motsepe’s coffers were fat from his mining business. He is the founder and CEO of Rainbow Minerals, a gold, iron metal and platinum mining company.

The man born January 28, 1962 also sits on a number of company board seats, including the non-executive chairman of Harmony Gold, the 12th largest gold mining company in the world.

Not only mining, Motsepe also expanded its business to financial services companies through ownership of shares in Sanlam, including owning the Mamelodi Sundowns football club.

Before becoming a businessman like now, in 1994 ago, the father of three children had become the first black partner at the law firm Bowman Gilfillan in his hometown in Johannesburg.

Darisana, he began to taste the mining contracting business. Three years later, he decided to buy a shaft of low-yield gold mining. Then, turn it into a profitable business like now.

Because of his efforts, Motsepe has been named the world’s richest person number 962 and number 8 on the list of African tycoons.

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6 Replies to “Patrice Motsepe, First Rich Man from South Africa

  1. Congratulations my leader. May the good LORD give you courage to progress further. Give you wisdom to flourish in assisting the needy and creating jobs for us. I like your attitude and humbleness. Keep well.

  2. CAN YOU PLEASE ADOPT ME. I WANT TO CONTINUE WITH MY MASTERS IN POLICING BUT CAN’T AFFORD FEES AS I RESIGNEDFROM SAPS IN 2014 DUE TO ILLHEALTH. MY KIDS WERE STILL SCHOOLING AND NOW I’M OUT OF CAPITAL PLEASE

  3. May God make u progress more and to remain humble as dove, I Have a request to you Sir we have an NPO here in king Williams town at Rayi location, one of its duties is to care for old age grannies n grandads, but we are struggling to sustain this as we are the youth and unemployed. We run this project on our pockets however we struggle. Can you please if you read this help us we really need help. We are unfortunate interms of been funded by SD.

  4. Everyone out here is looking for a hand out, why can’t you take a page from this man’s book of life and aspire to be like him…. problem with Africans is that they always wonder how people can help them, not how they can help others….. change your perspectives people

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