Patrice Motsepe is South African billionaire businessman of Tswana descent. He is the founder of African Rainbow Minerals, which has interests in gold, base metals and platinum.
Motsepe sits on several business company boards, which includes being the non-executive chairman of Harmony Gold, the world's 12th biggest gold mining business enterprise, and the chairman of Sanlam. In 2012, Patrice Motsepe was named South Africa's richest man, topping the Sunday Time's annual Rich List with an expected fortune of R20.07 billion ($1 billion).
In 2003, he have become the owner of the football club Mamelodi Sundowns.
In 2013, he joined The Giving Pledge to offer half of his wealth to charitable causes.
Patrice Motsepe was born to Kgosi Augustine Motsepe, chief of the Mmakau department of the Tswana people, who had formerly been a schoolteacher and who was later a small businessman as the owner of a Spaza store which was famous with black mineworkers. It was from this store that Motsepe learned simple business standards from his father, as well as first-hand publicity to mining.
Motsepe earned a Bachelor of Arts diploma at the University of Swaziland and a law degree from the University of Witwatersrand. He specialized in mining and business law.
In 1994, he have beocme the first black partner withinside the law company Bowman Gilfillan—the same year that Nelson Mandela was elected. While the government started promoting black empowerment and entrepreneurship; Motsepe based Future Mining, which supplied contract mining offerings that included the cleaning of gold dust from inner mine shafts for the Vaal Reefs Gold mine, and carried out a system of worker remuneration that blended a low base income with a profit-sharing bonus.
Motsepe is the proprietor of Mamelodi Sundowns F.C. In November 2019, Motsepe bought a 37% stake withinside the Blue Bulls Co. The other main shareholders are Remgro (37%) and Blue Bulls Rugby Union (26%).
Motsepe is presently the chairman of the Black Business Council and is a founding member and president of one of South Africa's most imposing business enterprise advocacy and lobby organization, Business Unity SA (BUSA).
Motsepe received South Africa's Best Entrepreneur Award in 2002. In 2008, he was stated as the 503rd-richest man withinside the world, according to the Forbes 2019 listing of The World's Billionaires, then ranked as the 962nd-wealthiest man withinside the world, and the third-wealthiest South African for 2019. In 2020, Patrice Motsepe was ranked as the 1,307th-wealthiest man withinside the world by Forbes, with a stated fortune of US$2.1 billion.
