Who is Patrice Motsepe? Everything You Need to Know

Quick Facts

Also Known As: Patrice Tlhopane Motsepe i

Age: 63 Years, 63 Year Old Males

Family:

Spouse/Ex-: Precious Moloi-Motsepe

father: Augustine Motsepe

mother: Key Motsepe

siblings: Bridgette Radebe, Tshepo Motsepe

children: Kabelo Motsepe, Kgosi Motsepe, Thlopie Motsepe

Born Country: South Africa

Billionaires Sports Administrators

Notable Alumni: University Of The Witwatersrand, University Of Eswatini, University Of Swaziland

Founder/Co-Founder: African Rainbow Minerals

More Facts

education: University Of The Witwatersrand, University Of Swaziland, University Of Eswatini

Recommended For You

1

Where did Patrice Motsepe attend university?

Patrice Motsepe attended the University of Swaziland and later obtained a law degree from the University of the Witwatersrand.
2

What is Patrice Motsepe's role in the mining industry?

Patrice Motsepe is a well-known South African mining magnate who founded African Rainbow Minerals, a mining company with interests in various commodities such as gold, platinum, and coal.
3

What philanthropic activities is Patrice Motsepe involved in?

Patrice Motsepe is known for his philanthropic efforts through the Motsepe Foundation, which focuses on various initiatives in education, health, and poverty alleviation in South Africa and across the African continent.
4

How did Patrice Motsepe acquire his wealth?

Patrice Motsepe built his wealth primarily through his mining ventures, particularly in the gold and platinum sectors, where he successfully grew his companies to become major players in the industry.
5

What is Patrice Motsepe's involvement in sports?

Patrice Motsepe is a prominent figure in South African sports, particularly in football. He is the owner of Mamelodi Sundowns Football Club, one of the most successful teams in South African football history.

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Career

Though he grew up during the apartheid era, Patrice Motsepe has managed to become very successful, a fate not shared by the majority of the colored population in South Africa. He joined a law firm named Bowman Gilfillan the same year Nelson Mandela became the first black president of South Africa. With the help of the new policies of the government that promoted empowerment of black people as well as entrepreneurship, Motsepe went on to found Future Mining. The company provided contract mining services, which included the cleaning of gold dust from inside mine shafts. Later in 1997, when the price of gold was low, he bought marginal gold mines from AngloGold under favorable financial terms. AngloGold sold him six gold mine shafts for $7.7 million, allowing him to repay his debt out of the future earnings of the company which came to be known as African Rainbow Minerals.

In 2002, African Rainbow Minerals merged with Harmony Gold Mining Ltd, and the new company was named ARMgold. Motsepe also founded the African Rainbow Minerals Platinum Limited and ARM Consortium Limited. He is the chairman of Ubuntu-Botho Investments and the deputy chairman of Sanlam Ltd. He has also been the president of South Africa’s Chamber of Commerce and Industry.

He is also the owner of a premier league soccer club named Mamelodi Sundowns FC. He bought a 37% stake in South Africa’s famous rugby club Blue Bulls Co. Currently, he is the Black Business Council’s interim chairman. He is a former president and founding member of Business Unity SA, which is the country’s most influential business advocacy and lobby group.

Family & Personal Life

Patrice Tlhopane Motsepe was born on 28th January 1962, in Pretoria, South Africa. His father was Augustine Motsepe, a schoolteacher who later became a small businessman. His father was once banished for stating his views opposing apartheid. Later, he became successful in distribution of liquor after he became affiliated with South African Breweries. Motsepe learnt basic business principles from his father, and he was also exposed to mining as a young man.

Along with his siblings, he did his schooling at a Roman Catholic boarding school, which was situated in the Eastern Cape Province. Later, he studied at the Univeristy of Swaziland from where he earned his Bachelor of Arts degree. He also attended the University of Witwatersrand, from where he earned his law degree, specializing in mining and business law.

He is married to Precious Moloi, a doctor and fashion entrepreneur. The couple has three children.

Facts About Patrice Motsepe

Patrice Motsepe became the first black partner at a major South African law firm, Bowman Gilfillan, before transitioning to entrepreneurship.

He is known for his philanthropic efforts and has pledged to donate half of his wealth to charity through The Motsepe Foundation.

In addition to his business ventures, Motsepe is also involved in sports ownership, being the president of the Mamelodi Sundowns Football Club.

Motsepe is a qualified lawyer and holds a Bachelor of Arts degree from the University of Swaziland and a law degree from the University of the Witwatersrand.

He is the founder and executive chairman of African Rainbow Minerals, a leading mining company in South Africa.

Patrice Motsepe Biography

You wanted to know

Where did Patrice Motsepe attend university?

What is Patrice Motsepe's role in the mining industry?

What philanthropic activities is Patrice Motsepe involved in?

How did Patrice Motsepe acquire his wealth?

What is Patrice Motsepe's involvement in sports?