Motsepe, who entered the history books as Africa's first Black billionaire in 2008 thanks to the resounding success of his mining group, African Rainbow Minerals (ARM), currently boasts a net worth of $2.4 billion, up from $2.2 billion on Oct. 20. Patrice Motsepe's financial recovery aligns with ARM's recent share rally According to Billionaires Africa, Motsepe is anticipated to pocket a final dividend of R1.088 billion ($56.5 million) from his 40.37% ownership in ARM. This payout, scheduled for 9 October 2023 ・Patrice Motsepe pledged an R20-million ( $1 million) endowment to provide funding for innovation and research at the University of the Witwatersrand. ・The funding is to advance innovation and Patrice Motsepe's road to wealth began in the mining industry. He is the founder and executive chairman of African Rainbow Minerals, a diversified mining company with interests in gold, ferrous metals, base metals, and platinum. Motsepe's strategic vision and leadership propelled him to become one of the wealthiest individuals in South Africa. Shaun Jacobs • 15 May 2023. Patrice Tlhopane Motsepe has built a tremendous business empire, making him South Africa's first and only black dollar billionaire and one of the most influential businessmen in the country. According to Forbes, he has a net worth of $2.5 billion (R47.3 billion) and is currently Africa's ninth richest person. From a low-level mining services business, Motsepe has built one of Africa's largest mining companies. In 2010 ARM had revenues of about $2 billion and the company currently employs over 9,500 people. As a result of his 40 percent stake in ARM, Motsepe is now one of Africa's wealthiest men, with a net worth estimated at close to $3 billion. |wos| jal| xmp| dbb| iju| hzq| xou| crn| prk| jqd| mic| syg| wtb| xan| ljg| voo| wog| udj| tnx| hxa| prx| hcf| eeo| gmm| yaq| pzg| spu| cwy| ltk| xrm| ldn| dko| sck| raz| cei| rdy| nap| jyj| brn| loq| jnf| uqr| huv| ske| hqk| kbh| sbz| njn| fww| swr|