South African billionaire Patrice Motsepe’s net worth falls by $200 million over 17 days
Patrice Motsepe’s net worth drops by $200 million in 17 days as African Rainbow Minerals battles profit declines and market pressure.
African Rainbow Minerals
Mining company owned by Africa's first Black billionaire unveils plans to cut jobs
The decision underscores ongoing challenges in South Africa’s manganese mining sector and broader commodity price pressures.
Patrice Motsepe’s ARM hedges part of $1.1 billion Harmony Gold stake
Although ARM remains a committed long-term investor in Harmony Gold, the company has taken steps to improve liquidity.
South African billionaire Patrice Motsepe’s $160 million phosphate mine faces legal battle
The lawsuit challenges the decision to dismiss appeals against an offset exemption granted to Elandsfontein, which is 90 percent owned by ARM through Kropz Plc.
Patrice Motsepe’s African Rainbow Minerals sees profit halve as mining pressures mount
The company’s headline earnings fell 49 percent to R1.52 billion ($83.43 million), down from R2.96 billion ($162.2 million) a year earlier.
Ninety-One raises bet on mining firm of Africa’s first Black billionaire, stake tops $80 million
The move boosts Ninety One’s stake from 3.5 percent to 5 percent, reinforcing its investment strategy even as the miner reports its weakest earnings in seven years.
Africa’s first Black billionaire Patrice Motsepe’s mining empire battles falling earnings
African Rainbow Minerals (ARM), led by Motsepe, forecasts a 55% drop in headline earnings on weaker iron ore prices.
Patrice Motsepe faces $195-million lawsuit over alleged non-compete breach in Tanzania
Motsepe denies allegations, calls claims "absolute rubbish" as lawsuit escalates in Tanzania's commercial court.
Patrice Motsepe’s African Rainbow Minerals reports lowest profit in seven years
ARM, led by Africa’s first Black billionaire Patrice Motsepe, reports its lowest profit in seven years due to rising costs and a tough operating environment.
South African billionaire Patrice Motsepe’s net worth falls below $3 billion
Motsepe’s fortune peaked above $3 billion in May, but a $200 million decline linked to his stake in African Rainbow Minerals (ARM) has pushed his net worth to $2.8 billion.
Africa’s first Black billionaire Patrice Motsepe’s fortune rebounds by $200 million
The surge in Motsepe’s fortune is linked to the performance of his 45.9-percent stake in African Rainbow Minerals (ARM).
Africa’s first Black billionaire Patrice Motsepe’s ARM acquires $2.8-million stake in Toronto-listed firm
Motsepe, boasting a net worth of $2.5 billion, derives a significant portion of his wealth from his substantial stake in ARM, cementing his position as one of Africa’s leading industrialists.
Africa’s first Black billionaire Patrice Motsepe’s ARM reports $157.8 million in earnings
Headline earnings plummeted by 43 percent, falling from R5.17 billion ($275.5 million) in the first half of 2023 to R2.96 billion ($157.8 million) in the same period of 2024.
Patrice Motsepe’s stake in ARM declines by $137 million
Motsepe, Africa’s first Black billionaire and a prominent South African tycoon, holds a 45.9-percent stake in ARM, or 89,905,401 shares.