Age, Biography and Wiki

Patrice Motsepe (Patrice Tlhopane Motsepe) was born on 28 January, 1962 in Ga-Rankuwa, Pretoria, South Africa, is a South African businessman. Discover Patrice Motsepe's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 62 years old?

Popular As Patrice Tlhopane Motsepe
Occupation Businessman
Age 62 years old
Zodiac Sign Aquarius
Born 28 January 1962
Birthday 28 January
Birthplace Ga-Rankuwa, Pretoria, South Africa
Nationality South Africa

We recommend you to check the complete list of Famous People born on 28 January. He is a member of famous Businessman with the age 62 years old group. He one of the Richest Businessman who was born in South Africa.

Patrice Motsepe Height, Weight & Measurements

At 62 years old, Patrice Motsepe height not available right now. We will update Patrice Motsepe's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
Body Measurements Not Available
Eye Color Not Available
Hair Color Not Available

Who Is Patrice Motsepe's Wife?

His wife is Precious Moloi (m. 1989)

Family
Parents Not Available
Wife Precious Moloi (m. 1989)
Sibling Not Available
Children 3

Patrice Motsepe Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Patrice Motsepe worth at the age of 62 years old? Patrice Motsepe’s income source is mostly from being a successful Businessman. He is from South Africa. We have estimated Patrice Motsepe's net worth , money, salary, income, and assets.

Net worth US$ 1.7 billion (May 2020)
Salary in 2023 Under Review
Net Worth in 2022 Pending
Salary in 2022 Under Review
House Not Available
Cars Not Available
Source of Income Businessman

Patrice Motsepe Social Network

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Timeline

2019

Motsepe is the owner of Mamelodi Sundowns F.C. a Premier league soccer club. In November 2019, Motsepe bought a 37% stake in the Blue Bulls Co., South Africa's best performing rugby team. The other major shareholders are Remgro (37%) and Blue Bulls Rugby Union (26%).

2013

In 2013, he joined The Giving Pledge, committing to give half of his wealth to charitable causes.

2004

Since 2004, he has been a non-executive director of Absa Group and Sanlam.

2003

In 2003, he became the owner of football club Mamelodi Sundowns.

In 2003, Motsepe created Ubuntu-Botho Investments (UBI) (and in 2019 he owned 55% of it). In 2004 UBI entered into a BEE deal with insurance and financial services company Sanlam. That deal ended in 2014 when the debt had been paid and UBI acquired 13.5% of Sanlam but UBI has a 18.1% voting stake in Sanlam as its BEE partner. UBI then started African Rainbow Capital (ARC), a wholly owned subsidiary of UBI. ARC's joint chief executive is Johan van Zyl, former executive of Sanlam. ARC has holdings in more than 40 companies, including TymeBank, industrial group Afrimat, agricultural company BKB, telecommunications company Rain, luxury property estate Val de Vie, and a minority stake in Alexander Forbes, the pension fund administrator.

2002

In 2002 when it was listed on the JSE Security Exchange, African Rainbow Minerals joined with Harmony Gold Mining Ltd. and the company's name changed to ARMgold. Motsepe is also the founder of African Rainbow Minerals Platinum (Proprietary) Limited and ARM Consortium Limited, which later equally split ownership with Anglo American Platinum Corp Ltd. From 2005, Motsepe was Chairman of Teal Exploration and Mining Incorporated. Motsepe is also chairman of Ubuntu-Botho Investments, Non-Executive chairman of Harmony Gold Mining Co Ltd. and deputy Chairman of Sanlam Ltd. Motsepe has been president of South Africa's Chamber of Commerce and Industry.

Motsepe won South Africa's Best Entrepreneur Award in 2002. In 2004 he was voted 39th in the SABC3's Great South Africans (SABC being South African Broadcasting Corporation, the government funded state broadcaster). In 2008 he was 503rd richest person in the world, according to the Forbes "Rich List 2018", then ranked as the 962nd wealthiest person in the world, and the third wealthiest South African for 2019.

1999

This was repeated in a string of deals and Motsepe 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.

1997

In 1997, with gold prices at a low, he purchased marginal gold mines from AngloGold under favourable finance terms. AngloGold sold Motsepe six gold mine shafts for $7,7million allowing him to repay the debt out of the future earnings of the company now known as African Rainbow Minerals.

1994

In 1994, he became the first black partner in the law firm Bowman Gilfillan—the same year that Nelson Mandela was elected as the country's first black president. While the new government began promoting black empowerment and entrepreneurship; Motsepe founded Future Mining, which provided contract mining services that included the cleaning of gold dust from inside mine shafts for the Vaal Reefs Gold mine, and implemented a system of worker remuneration that combined a low base salary with a profit-sharing bonus.

The Black Economic Empowerment (BEE) laws introduced after the 1994 elections have been instrumental in cementing Motsepe's position in the mining industry in South Africa. A business must have a minimum of 26% black ownership to be considered for a mining license.

1962

Patrice Tlhopane Motsepe (born 28 January 1962) is a South African mining billionaire businessman of Tswana descent. He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He sits on several company boards, including being the non-executive chairman of Harmony Gold, the world's 12th largest gold mining company, and the deputy chairman of Sanlam. In 2012, Motsepe was named South Africa's richest man, topping the Sunday Times' annual Rich List with an estimated fortune of R20.07 billion ($1 billion).