Patrice Motsepe was born to Kgosi Augustine Motsepe, chief of the Macau branch of the Tswana people, who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was popular with black mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand exposure to mining.
How did Patrice Motsepe get Rich?
Patrice Motsepe is a South African billionaire who has made a fortune estimated by Forbes to be in the region of US$ 2.6 billion. His fortune has come from investments in the mining industry through a company he founded in 1997 called African Rainbow Minerals Limited.
Real Time Net Worth. Reflects change since 5 pm ET of the prior trading day. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 – the first black African on the Forbes list.