Patrice Motsepe

Patrice Motsepe

Patrice Motsepe (#1148)

Global Rank #1148
Country Rank #4
Country South Africa

Patrice Motsepe is listed among the world billionaires tracked by Iconic Billionaires.

  • $ 4 B
  • Mining
  • South Africa
  • M
  • 64 Years

Snapshot

Quick Facts

Global Rank #1,148
Country Rank #4
Net Worth $3.7B
Previous Worth $3.8B
Worth Change -$0.1B
Country South Africa
Industry Mining
Age 64 Years
Gender M
Worth As Of May 4, 2026
Residence Johannesburg, South Africa
Citizenship South Africa
World Billionaires List South Africa Billionaires Mining

Profile Data

Personal Stats

Age 64
Source Of Wealth Mining, Self Made
Residence Johannesburg, South Africa
Citizenship South Africa
Marital Status Married
Children 3
Net Worth Change -$0.1B -2.6% from previous worth
Previous Net Worth $3.8B
Current Net Worth $3.7B

Worth as of May 4, 2026

About Me

Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa. Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club. In March 2021, Motsepe was elected president of the Confederation of African Football, the sport's governing body on the continent. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business. In 1997, he bought low-producing gold mine shafts and later turned them profitable.

Achievements

Forbes List Highlights

A snapshot of the list placements and rankings connected to Patrice Motsepe.

#984
Billionaires (2026)
#8
Africa's Billionaires (2026)

Insights

Did You Know?

In 2013, the mining magnate was the first African to sign Bill Gates' and Warren Buffett's Giving Pledge, promising to give at least half his fortune to charity.

Motsepe benefited from South Africa's Black Economic Empowerment (BEE) laws, mandating that companies be at least 26% black-owned to get a government mining license.

Wealth Growth

Net Worth Growth Over Time

Tracking Patrice Motsepe's net worth journey over the years, highlighting key growth phases and financial milestones.

Worth Trend Net Worth Growth
Period Change Worth Movement
Current Net Worth: $3.7B (May 4, 2026)

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