- Source of Wealth: Mining, Business
- Age: 58
- Birth Place: Soweto, South Africa
- Marital Status: Married (Dr. Precious Makgosi Moloi)
- Full Name: Patrice Tlhopane Motsepe
- Nationality: South Africa
- Date of Birth: January 28, 1962
- Occupation: Mining Magnate
- Education: University of the Witwatersrand, University of Swaziland
- Children: 3 (Thlopie, Kabelo, Kgosi)
South African mining magnate, Patrice Tlhopane Motsepe, has a net worth of $2.4 according to Forbes. He is South Africa’s first and only black billionaire. His fortune increased by $1 billion since 2010, as a result of rising stock prices. He was born in the sprawling black township of Soweto and then trained as a lawyer, he became first black partner at Bowman Gilfillan law firm in Johannesburg, before starting a contracting business doing mine scut work. Motsepe bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style. Since then he has build $1.5 billion (sales) mining conglomerate, African Rainbow Minerals (ARM), with interests in platinum, nickel, chrome, iron, manganese, coal and gold. Motsepe also holds a stake in Sanlam, a publicly traded financial services company outside Cape Town where he sits on the board.