Leading Infotainment Portal in Africa

9 of the World’s 11 Black Billionaires Are African. Here They Are | [3 out of the 11 are Women]

Share This Article

Patrice Motsepe

#6:. Patrice Motsepe, $2.1 billion – South African, Mining

South Africa’s first black billionaire, Patrice Motsepe founded African Rainbow Minerals, a publicly traded firm that mines and processes gold, platinum, coal, iron, manganese, chrome, copper and nickel. Motsepe is also president and owner of the Mamelodi Sundowns Football Club, and owns a stake in Sanlam, a listed financial services firm.

His entrepreneurial spirit emerged as a child when he would wake early to sell alcohol to mine workers at his father’s shop, according to BlackEntrepreneur.

“I must have been about 8 when my dad said one day, ‘We make so much money when you’re behind the counter you should take over the business when you grow up.’” He clearly over reached.


Loudest Gist © 2015 - 2017 Website Weaved & Owned by OLAMOSH Web Services