Patrice Tlhopane Motsepe is a South African billionaire businessman and football administrator. Since 12 March 2021, he has been serving as the President of the Confederation of African Football.
patrice motsepe
Where did Patrice Motsepe get his money from?
Mining. In 1997, with gold prices at a low, he purchased marginal gold mines from AngloGold under favourable finance terms. AngloGold sold Motsepe six gold mine shafts for $7.7 million allowing him to repay the debt out of the future earnings of the company now known as African Rainbow Minerals.
Who was the first black billionaire in Africa?
Patrice Motsepe, Africa’s first Black billionaire and Southern Africa’s wealthiest Black individual, has experienced a comeback in his net worth, increasing by $200 million in 17 days after a recent dip that saw his net worth drop.
How much money does Patrice Motsepe have in rands?
Patrice Motsepe Net Worth And Salary
Patrice Motsepe is one of the wealthiest South African footballers and the first black African who has successfully brought his name to Forbes with a total of R 59 billion net worth as of 2023.
Was Patrice Motsepe a lawyer?
After graduating, Motsepe joined law firm Bowman Gilfillan where he specialised in mining and business law. He became the firm’s first black partner and was a visiting attorney with McGuire Woods Battle & Boothe in the USA. He is a member of the Gauteng Law Society.
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