Africa’s first Black billionaire Patrice Motsepe proposes BRICS visas targeting entrepreneurs
Motsepe acknowledged governments’ legitimate reservations about safeguarding their sovereignty while fostering economic growth.
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Motsepe acknowledged governments’ legitimate reservations about safeguarding their sovereignty while fostering economic growth.
Motsepe serves as the inaugural chairperson of the BRICS Business Charter in South Africa.
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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.
The $1.1-billion market value wipeout also impacted Motsepe’s net worth, bringing it below $2.4 billion earlier this year.
Motsepe’s substantial stake of 89,092,411 ordinary shares in ARM constitutes most of his current $2.6-billion fortune.
With this latest acquisition, ARC reinforces its commitment to building a greener future.
Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
Despite seeing his net worth decline by $800 million since the start of 2023, Motsepe continues to demonstrate his commitment to philanthropy.
Motsepe, who made history in 2008 as the first Black African billionaire, derives the majority of his wealth from his stake in ARM.
A consortium linked to Motsepe and Rupert has purchased a 74-percent stake in the Boland Cavaliers.
Motsepe remains one of Africa’s wealthiest businessmen and retains the title of the richest Southern African Black billionaire.
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TymeBank is a South African digital-only bank controlled by Africa’s first Black billionaire.
The decline in Motsepe’s wealth can be attributed to the sustained drop in the share price of African Rainbow Minerals.
TymeBank is partly owned by Motsepe’s African Rainbow Capital Financial Services Holding.