Table of Contents
Key Points
- Driven by stock gains in Harmony Gold and ARM, Motsepe’s wealth climbed from $3 billion to $3.4 billion in 2024.
- Harmony Gold shares have risen 55% in 2025; ARM is up 14%, boosting Motsepe’s combined stake value to over $2 billion.
- Through ARC, Motsepe is backing fintechs like Tyme and Lesaka, deepening his push into digital banking and financial inclusion.
Patrice Motsepe has strengthened his standing among South Africa’s wealthiest individuals, with his net worth climbing by $400 million since the start of the year. The steady rise places him not only among the top African billionaires but also among the world’s richest people.
Motsepe gains $400 million on stocks
Motsepe’s wealth, tracked by Forbes, has risen from $3 billion in January to $3.4 billion at the time of this report. The growth is largely tied to the strong performance of his key investments, including an 11.8 percent indirect stake in Harmony Gold and a 45.9 percent stake in his mining flagship, African Rainbow Minerals (ARM).
Harmony Gold, which operates mines in South Africa, Papua New Guinea, and Australia, has seen its share price soar more than 55 percent on the Johannesburg Stock Exchange (JSE) this year, pushing its market value above $9 billion.
ARM’s stock has also risen, up 14 percent, lifting its valuation past $2.2 billion. These movements have translated into major gains for Motsepe: his stake in Harmony Gold is now worth about $1.1 billion, while his holding in ARM is valued at over $1 billion.
Motsepe invests in inclusive innovation
Beyond mining, Motsepe has gradually expanded his business reach through African Rainbow Capital (ARC), an investment vehicle focused on financial services, technology, and renewable energy. One of his most prominent bets is Tyme Group, a digital banking firm headquartered in Singapore with operations in both Africa and Southeast Asia.
According to a report earlier this year by Billionaires.Africa, Motsepe’s indirect 40 percent stake in Tyme is now valued at roughly $600 million. That figure came after Tyme completed a $250 million Series D funding round in December 2024, which pushed its valuation to $1.5 billion.
ARC backs Lesaka in Adumo deal
ARC has also invested in Lesaka Technologies, a fintech firm listed on the NASDAQ. Lesaka recently wrapped up its R1.59 billion ($85 million) acquisition of Adumo, a payment processing company. The deal underscores ARC’s broader commitment to backing ventures that promote financial inclusion and long-term economic impact across the continent.
