Meet Patrice Motsepe’s sister: She is South Africa’s first Black mining entrepreneur
Radebe’s legacy is not just a testament to her entrepreneurial prowess but a symbol of breaking through the bedrock of adversity.
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Radebe’s legacy is not just a testament to her entrepreneurial prowess but a symbol of breaking through the bedrock of adversity.
The recent list highlights that Motsepe’s equity portfolio on the JSE is presently estimated at $1.58 billion.
The rebound in Patrice Motsepe’s net worth can be attributed to the surge in the market value of his 40.37-percent stake in ARM
Patrice Motsepe’s wealth takes a significant $1 billion hit due to the sustained downturn in the market value of his 40.37-percent stake in ARM.
Motsepe made history as Africa’s first Black billionaire in 2008 thanks to the remarkable success of his mining group.
Motsepe and Rupert, the majority shareholders of the Pretoria-based Blue Bulls Company, recently acquired a 74-percent stake in Boland Rugby Union.
Motsepe owns an indirect 27-percent stake in African Rainbow Capital Investments.
In recent years, Tobias has established himself as a renowned mining engineer with extensive industry expertise.
Motsepe boasts a net worth of $2.2 billion, making him the richest Black billionaire in Southern Africa.
Despite this recent decline in his net worth, Motsepe retains his status as the wealthiest Black individual in Southern Africa.
Through African Rainbow Energy, Motsepe owns an indirect 40-percent stake in SOLA Group.
Motsepe, South Africa’s richest black person, owns a 27-percent stake in African Rainbow Capital Investments.
Motsepe expressed concerns about the soaring prices of these essential metal assets in the context of the clean energy transition.
Motsepe, who founded ARM in 1997 as South Africa’s first Black-owned mining firm, presently owns a 40.37-percent stake in the company.
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
Motsepe’s company expects to report 2023 fiscal year headline earnings of between $441 million and $495 million compared to $606 million in the 2022 financial year.