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

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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.

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