Patrice Motsepe, 57, is a first African billionaire and a founder of African Rainbow Minerals. Besides, he has also his equity firm, African Rainbow Capital for the development of Africa.
He started a business in mining since his father owned a Spaza shop which was popular with black mineworkers.
Through mining and continuous dedication and hard work, Patrice Motsepe is one of the listed billionaires in Forbes magazine.
Who is Patrice married to? Wife and Partner Details
A successful businessperson, Patrice Motsepe is married to a Fashion entrepreneur, Precious Moloi- Motsep.
Similarly, she is also a successful entrepreneur in Africa and is in the fashion line. Her company has conducted big events like Mercedes-Benz Fashion Week in Johannesburg and Cape Town.
An African philanthropist, Precious Moloi- Motsep was recently elected as a new chancellor of the University of Cape Town in 2019, September.
Father and Parent Background of Billionaire Patrice
Patrice Motsepe was the son of the schoolteacher’s father. The name of his father is Augustine Motsepe and mother is Key Motsepe.
After some time, his father opened a Spaza shop. At that time, he got to know about the basics of mings and how it works. Later his father left that job and turn to become a chieftain.
Net Worth and Estimated Earnings – Donations and Awards Details
The current net worth of Patrice Motsepe is $2.2 billion. He holds the fourth position in Forbes in billionaires in Africa.
His estimated net worth in the future is $3.5 billion. He has donated almost half of his earnings on the welfare and improvement of his home country, Africa.
Furthermore, he has also received many awards for his work. He hs South Africa’s Best Entrepreneur Award in 2002 and he was 503rd richest person in the world in 2008, according to the Forbes World Billionaires List.
More on Family Son and Daughter Information
Patrice Motsepe has three children with wife Precious Moloi- Motsep.
The names of his children are Thlopie Motsepe, Kgosi Motsepe, and Kabelo Motsepe.
Educational Background of Billionaire Patrice Motsepe
Patrice Motsepe is a graduate of the University of Swaziland. He received a Bachelor of Arts degree there. After that, he went to the University of Witwatersrand where he got a law degree.
Furthermore, he has specialization in business law and mining. Previously, he had to go through a tough time because of poor family conditions.
As a result of his hard work and dedication, he is successful to earn and live a lavish life at present. Today he is the founder and chairman of African Rainbow Minerals and African Rainbow Capital.
He is working hard in developing Africa by donating as much as he can. Also, he is one of the billionaires of Forbes magazine.
Currently, he lives in a mansion with his family in Johannesburg, South Africa.
Wiki and Details
Born as Patrice Tlhopane Motsepe on 28 January 1962, his hometown is Ga-Rankuwa, Pretoria in South Africa.
He has two sibling sisters of his own and their names are Bridgette Radebe and Tshepo Motsepe. He is a self-made billionaire.