Africa’s first Black billionaire Patrice Motsepe hit by $200-million loss
The decline in Motsepe’s net worth can be attributed to the downturn in the market value of his 39.7-percent stake in African Rainbow Minerals.
Patrice Motsepe
Patrice Motsepe’s mining empire suffers $1.1-billion market value wipeout in 2023
The $1.1-billion market value wipeout also impacted Motsepe’s net worth, bringing it below $2.4 billion earlier this year.
Africa’s first Black billionaire Patrice Motsepe’s net worth rebounds with $200-million surge
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
South African billionaire Patrice Motsepe’s ARC acquires minority stake in GoSolr, boosting solar energy push
With this latest acquisition, ARC reinforces its commitment to building a greener future.
7 companies owned by Africa’s first Black billionaire, Patrice Motsepe
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Patrice Motsepe’s fortune takes hit, shrinks by $100 million and plunges below $2.5 billion
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
Africa’s first Black billionaire donates $320,000 to resolve South Africa Women’s World Cup team pay dispute
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
South African billionaires Patrice Motsepe, Johann Rupert score another rugby club takeover
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
Africa’s first Black billionaire Patrice Motsepe gains $200 million in 19 days
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
Meet the four African billionaires who signed The Giving Pledge
From Tanzania, Sudan, Zimbabwe and South Africa, meet the four African billionaires who have signed The Giving Pledge.
South African billionaire Patrice Motsepe-linked TymeBank surpasses 7 million customers
TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
Wealth decline continues for Africa’s first Black billionaire Patrice Motsepe, as he loses another $100 million
The decline in Motsepe’s wealth can be attributed to the sustained drop in the share price of African Rainbow Minerals.
Billionaire Patrice Motsepe’s Tyme Bank sets ambitious plans for Vietnam expansion
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.
The 10 most generous South African philanthropists of all time
From Allan Gray to Patrice Motsepe, meet the 10 most generous South African philanthropists ever.
Africa’s first Black billionaire Patrice Motsepe loses $800 million
Motsepe’s net worth falls by $800 million as African Rainbow Minerals shares decline.
South African billionaire Patrice Motsepe’s net worth slumps by $500 million in 2023
Motsepe remains the richest Black person in Southern Africa.