Patrice Motsepe is one of South Africa’s most successful businessmen, with an estimated net worth of around $3 billion (R55.35 billion). Dantata’s decision to sell the mansion coincides with reports that he is contemplating a return to his hometown of Kano State. With a remarkable 39.7-percent ownership stake in ARM, he has solidified his place as one of South Africa’s wealthiest businessmen and garnered recognition as one of Africa’s most prominent figures. To appreciate the scale of the business empire Motsepe has built over the last 24 years, a breakdown of his investments is valuable. Commenting on these investments, Motsepe said he played football and rugby when he was in boarding school in https://www.capitecbank.co.za/ the Eastern Cape.
Motsepe’s wealth, amassed through visionary leadership and business acumen, serves as a tool for social change. Guided by the South African philosophy of "ubuntu," which emphasizes collective growth and shared responsibility, he has dedicated substantial resources to addressing Africa’s most pressing challenges. As a global philanthropist, he has engaged with international organizations and forums to promote development and social justice. In 2021, he became the president of the Confederation of African Football (CAF), where he aims to reform African football and promote the sport as a tool for unity and economic development across the continent. In 1999, Patrice Motsepe and his wife, Dr. Precious Moloi-Motsepe, established the Motsepe Foundation.
The company was founded by Patrice Tlhopane Motsepe, Johan van Zyl, and Johan van der Merwe on April 14, 2016 and is headquartered in Sandton, South Africa. Motsepe owns an estimated 45 percent of ARM, reinforcing his position as one of Africa’s wealthiest individuals with a net worth of approximately $2.9 billion. His investments span mining, financial services, and private equity, largely through his holding company African Rainbow Capital (ARC). Patrice Motsepe, a South African mining magnate and philanthropist, is one of https://www.psg.co.za/home Africa’s most prominent business leaders.
Beyond mining, Motsepe has diversified his business interests into other sectors. He is the owner of Mamelodi Sundowns Football Club, one of Africa’s most successful soccer teams, which has contributed to the development of sports in the region. He is also a shareholder in financial services through Sanlam, a leading insurance and investment company.
Another major success in the ARC stable is TymeBank, which has seen explosive customer growth since launching in early 2019. Telecoms have been the biggest contributor to Motsepe’s wealth in recent years. ARC has a large shareholding in mobile network Rain, which contributes the most patrice motsepe trading platform to the value of its ARC Fund portfolio. After leaving the law firm, Motsepe leveraged South Africa’s Black Economic Empowerment laws to build his mining enterprise.
Listen to the story of Cyril Ramaphosa’s rise to presidential power, narrated by our very own Alec Hogg. This would lead to the establishment of ARM in 2004 after patrice motsepe trading platform ARMgold merged with Harmony and acquired Anglovaal Mining. In the late 1990s, Motsepe scooped up multiple marginal gold mines from AngloGold and formed ARMgold, which would become the source of his initial wealth.
This initiative addresses historical injustices and works to ensure that rural communities receive land along with the necessary support and skills for sustainable farming. It underscores Motsepe’s ongoing commitment to addressing the continent’s most pressing health challenges. A key philanthropic effort in Motsepe’s career came in 2015 when he pledged $9.4 million (R171 million) to support global health research for an HIV/AIDS cure. This pledge sees Motsepe contributing hundreds of millions of dollars to his foundation, with a focus on poverty reduction, education, and health improvement across Africa.
Nu Holdings, the owner of Nubank—the world’s largest standalone digital bank with over 110 million customers—underscored its confidence in Tyme Group’s growth trajectory. This legal battle could have https://satrix.co.za/ significant implications for Tanzania’s mining sector. It raises critical questions about the dominance of foreign mining firms and the competitive pressures faced by local operators.
