Patrice Motsepe Net Worth (Updated 2025).
Patrice Motsepe, a name that has become synonymous with entrepreneurship and success in South Africa, began his career in the mining industry, a path less traveled by many. Born into a family of teachers, Motsepe initially pursued a law degree at the University of Swaziland, but his fate was sealed when he secured a job at the then state-owned mining company, Gencor, in 1977.
After working diligently at Gencor, Motsepe decided to branch out on his own in 1994, a pivotal year for South Africa as it marked the end of apartheid and the beginning of a new era. He founded African Rainbow Minerals, a company that would eventually become one of the largest mining companies in South Africa, with Motsepe at the helm as its executive chairman.
Patrice Motsepe’s Current Net Worth
As of 2025, Patrice Motsepe’s net worth is estimated to be around $2.9 billion, according to Forbes. This places him among the wealthiest individuals in South Africa and the world.
Career
Patrice Motsepe is a South African businessman and the founder of African Rainbow Minerals. He started his career as a lawyer before venturing into the mining industry in the early 1990s. He founded ARMgold in 1997, which later merged with other companies to form African Rainbow Minerals. Today, he serves as the non-executive chairman of the company.
Other Ventures
Besides mining, Motsepe has interests in other industries. He is the owner of the Mamelodi Sundowns Football Club and has investments in the financial services sector. He also co-founded the Motsepe Foundation, which focuses on education, health, and community development in Africa.
Assets
Motsepe’s assets include a significant stake in African Rainbow Minerals, as well as investments in other companies. He also owns several properties in South Africa and abroad. Notably, he owns a private jet and a luxury yacht, reflecting his wealth and success.
Annual Income
As of 2025, Patrice Motsepe’s annual income is estimated to be around $100 million. This includes his salary from African Rainbow Minerals and income from his other ventures. However, his income can fluctuate based on the performance of his businesses and investments.
Frequently Asked Questions about Patrice Motsepe
**Frequently Asked Questions: Patrice Motsepe Net Worth**
1. **What is Patrice Motsepe’s net worth?**
Patrice Motsepe’s net worth is estimated to be around $3 billion.
2. **How did Patrice Motsepe make his money?**
Patrice Motsepe made his fortune through mining. He is the founder and executive chairman of African Rainbow Minerals, a company he started in 1997.
3. **Is Patrice Motsepe the richest person in South Africa?**
No, Patrice Motsepe is not the richest person in South Africa. That title belongs to Nicky Oppenheimer, with a net worth of over $7 billion.
4. **What is Patrice Motsepe’s background?**
Patrice Motsepe was born in Soweto, South Africa, in 1962. He is the son of a school principal and the first black partner at the law firm Bowman Gilfillan.
5. **What is African Rainbow Minerals?**
African Rainbow Minerals is a mining company founded by Patrice Motsepe in 1997. It operates in platinum, nickel, chrome, iron, manganese, coal, copper, and gold.
6. **What is Patrice Motsepe’s role in African Rainbow Minerals?**
Patrice Motsepe serves as the executive chairman of African Rainbow Minerals.
7. **What is Patrice Motsepe’s involvement in soccer?**
Patrice Motsepe is the owner of Mamelodi Sundowns, a South African soccer club.
8. **What is Patrice Motsepe’s involvement in politics?**
Patrice Motsepe has no political affiliation and is not involved in politics.
9. **What is Patrice Motsepe’s philanthropic work?**
Patrice Motsepe is involved in various philanthropic activities, including the Motsepe Foundation, which focuses on education, health, and community development.
10. **What is Patrice Motsepe’s family life like?**
Patrice Motsepe is married to Precious Moloi-Motsepe, a businesswoman and philanthropist. They have three children together.
