South African billionaire Patrice Motsepe’s ARM sees profits fall below $500 million
African Rainbow Minerals (ARM) is a South Africa-based diversified mining group led by influential billionaire Patrice Motsepe,
Patrice Motsepe
South African billionaire Patrice Motsepe’s ARM expects decline in FY23 earnings
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.
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.
Patrice Motsepe advocates for BRICS partnerships to drive Africa’s growth
Motsepe serves as the inaugural chairperson of the BRICS Business Charter in South Africa.
10 African billionaires who own football clubs
From South Africa to Algeria, meet 10 of Africa’s richest football club owners.
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’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.