Patrice Motsepe began to donate half of his fortune to the welfare of the poor since 2013. Through the Motesepe family foundation, run by his wife, Precious Moloi Motsepe, the South African business tycoon has been giving back to the society via catering to social development and community services.
Patrice Motsepe ranks at the 21st position of the 2016 African billionaires with a net worth of $1.15 billion. He is the first and only black billionaire in South Africa. Patrice made his debut in the ‘dollar’ billionaires club in 2008 with a commendable $2.4 billion.
Taking after his father, Patrice ventured into the mining business. His wealth of experience in the sector paved the way for more opportunities for him. He has served as the President of South Africa’s Chamber of Commerce and Industry. In addition to that, he has founded and run several mining-related establishments.
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South Africa as a nation with loads of investment potentials in the country’s mining sector. It contributes considerably well to the nation’s GDP. Patrice, the mining investment guru is making the best out of this economic advantage in South Africa. He has been a one time president of South Africa’s Chamber of Commerce and Industry. In 2002, he was South Africa’s Best Entrepreneur.
Still on investments, Patrice Motsepe is the owner of Mamelodi Sundowns soccer club and the CEO of African Rainbow Minerals and Ubuntu Botho Investments- with interests in mineral such as- gold, metals, platinum amongst others.
In line with some African billionaires and the world’s richest people, Motsepe joined the giving pledge initiative, where he signed up for the donation of half of his fortune to philanthropic courses. Motsepe is not Africa’s richest neither is he the leading billionaire in the whole of South Africa. As a matter of fact he is currently one of the least dollar billionaires in Africa. Regardless, his heart is still open enough to accommodate others. This charitable act is indeed worthy of emulation.
“It was a wonderful thing to hear how the Motsepe’s really, as part of their moral conviction as a family, believe in giving back. I want to congratulate them.”- Bill Gates