His dad is Augustine Butana Chaane Motsepe, chief of the Mmakau branch of the Tswana people.

ARC Investments

His first major career milestone was when he was appointed the first black partner at Bowman Gilfillian in 1994, after joining six years earlier. Motsepe’s journey serves as an inspiration to aspiring entrepreneurs and a testament to the transformative power of passion, perseverance, and purpose. His unwavering commitment to success and his dedication to making a difference exemplifies the epitome of leadership and philanthropy in the African business landscape. To appreciate the scale of the business empire Motsepe has built over the last 24 years, a breakdown of his investments is valuable.

• The British company works towards a safe, just, and sustainable world enabled by responsibly produced minerals and metals.
• Billionaires.Africa has identified and cataloged various companies and holdings linked to Motsepe.
• In the real estate sector, African Rainbow Capital owns a shareholding in ARC Real Estate, Barlow Park, Majik and Val de Vie.
• To appreciate the scale of the business empire Motsepe has built over the last 24 years, a breakdown of his investments is valuable.
• Since 2021, Motsepe has become a more familiar face to African football fans as the president of the Confederation of African Football.

Learning business in a spaza shop

The 62-year-old is best known as the founder and executive chairman of African Rainbow Minerals (ARM), which has interests in mines that extract gold, platinum, base metals, and ferrous metals. In this article, we delve into the impressive business portfolio of Patrice Motsepe, exploring all the companies Patrice Motsepe owns. As Africa’s richest black billionaire, Motsepe’s entrepreneurial spirit and strategic investments have catapulted him to immense success. Motsepee’s UBI wholly owns African Rainbow Capital(ARC), a fully black owned and controlled company of significant scale, focusing on opportunities in the South African and African financial services and diversified investments industries.

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He wears many hats, including investor, executive, businessman, and futurist – roles that have paid him so well. Another major success in the ARC https://www.absa.co.za/ stable is TymeBank, which has seen explosive customer growth since launching in early 2019. Initially focused on uncapped LTE products, Rain became the country’s first mobile network to offer fixed-5G connectivity in 2019. In the late 1990s, Motsepe scooped up multiple marginal gold mines from AngloGold and formed ARMgold, which would become the source of his initial wealth.

Like many black South Africans during apartheid, his parents were ordinary struggling people. Patrice was born on the 28th of January 1962, to Augustine and Key Motsepe. His father was a schoolteacher by profession, he was also a small businessman, who owned a spaza shop, mostly frequented by mineworkers.

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Patrice Motsepe is one of South Africa’s most successful businessmen, with an estimated net worth of around $3 billion (R55.35 billion). Patrice Motsepe, the visionary founder of African Rainbow Minerals (ARM), continues to leave an indelible mark on the African business landscape. Cementing his status as the richest Black billionaire in Southern Africa, Motsepe has become a trailblazer for fellow entrepreneurs across the continent. Companies in which Motsepe owns a shareholding, through his African Rainbow holding companies, include many of South Africa’s biggest brands. Commenting on these investments, Motsepe said he played football and rugby when he was in boarding school in the Eastern Cape.

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He began by focusing on the gold metal agc investment alone, but as the years went by, the company started expanding its interests to base metals, iron ore, manganese ore, alloys, platinum group metals, copper, nickel, and coal. Telecoms have been the biggest contributor to Motsepe’s wealth in recent years. ARC has a large shareholding in mobile network Rain, which contributes the most to the value of its ARC Fund portfolio.

He studied their daily https://www.easyequities.co.za/ operations, which sprouted a zeal, and attraction in him for the business. Listen to the story of Cyril Ramaphosa’s rise to presidential power, narrated by our very own Alec Hogg. In the last six months of 2023, ARC invested another R81 million in Rain, taking its shareholding in the mobile operator to 20.75%. On an international level, Motsepe is a member of the Board of Trustees of the World Economic Forum (WEF), the Global Network Advisory Board of the WEF Centre for the Fourth Industrial Revolution and the WEF International Business Council (IBC).

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Patrice Motsepe’s remarkable journey serves as a testament to his entrepreneurial prowess and strategic vision. Through his diverse business ventures, he has not only amassed immense wealth but also contributed significantly to Africa’s economic growth. AREP has a controlling 40% stake in SOLAR Group, a 15% shareholding in SunEdison, a 30% equity in the Ngodwana Biomass Project from Fusion Energy, owns a 22.5% stake in wind power generators, Kangnas and Perdekraal East wind farms. UBI then founded African Rainbow Capital, a wholly owned subsidiary of UBI.