Billionaire Patrice Motsepe to collect $67.7 million in ARM dividends

Patrice Motsepe will receive about 1.09 billion rand in dividends from African Rainbow Minerals this year, roughly $67.7 million at 16.14 rand to the dollar.

The company declared a final dividend of 700 cents a share on Friday, up from 600 cents, taking the total for the year to June 30 to 1,200 cents including the 500-cent interim declared in March. On a holding of 91.1 million shares, the final payment alone gives Motsepe about 637.7 million rand, some $39.5 million, on top of the 455.5 million he received at the half year.

ARM will distribute about 1.461 billion rand in total through the final dividend, which implies roughly 208.7 million shares in issue. Motsepe's holding is therefore around 43.6% of the company, and he is by a wide margin the largest single beneficiary of the payout.

The route the money travels is unusual. His shares are held through African Rainbow Minerals and Exploration Investments, whose sole shareholder is Ubuntu-Ubuntu Commercial Enterprises. That company's shares sit in a group of trusts, all of which hold them for the benefit of Motsepe and his immediate family except one. The Motsepe Foundation applies the benefit of its indirect shareholding to philanthropic purposes, which means a portion of the dividend flows to charity rather than to the family.

The payment is larger than last year's. Motsepe received about 574.8 million rand from the 2025 final dividend and roughly 1.01 billion for that year in total, when ARM cut its final payment from 900 cents to 600 after headline earnings fell 47%.

This year the earnings went the other way. Profit attributable to shareholders rose from 330 million rand to 3.998 billion, revenue climbed 25.3% to 16.323 billion, and gross profit swung from a loss of 190 million to a profit of 4.397 billion.

Motsepe is executive chairman of the company he founded, and ARM remains the foundation of his fortune. He also controls African Rainbow Capital, owns Mamelodi Sundowns, holds Ubuntu-Botho Investments and has served as president of the Confederation of African Football since 2021.

His institutional company on the register has grown more prominent. Norges Bank, which manages Norway's $1.8 trillion sovereign wealth fund, disclosed a 5.02% stake in ARM in May, worth about 3.03 billion rand at the time. The Public Investment Corporation, Allan Gray, Kagiso Asset Management and Fairtree Capital also hold positions.

Forbes ranked Motsepe eleventh among Africa's wealthiest people on Sept. 1 at $3.6 billion, having fallen about $700 million since March, the largest decline among the continent's richest. These results were published three days later.