Patrice Motsepe is a South African businessman who founded African Rainbow Minerals, a mining company he built after leaving legal practice to acquire rights to marginal gold mine shafts in the late 1990s, restructuring them profitably as major producers scaled back operations following a fall in gold prices. He became South Africa's first Black billionaire on the strength of the company's later expansion into platinum, iron ore, coal, nickel and other minerals, and in 2013 he pledged to give at least half of the wealth generated by his family's assets to charitable causes through the Motsepe Foundation, becoming the first African signatory to the Giving Pledge started by Bill Gates and Warren Buffett. He has also served as president of the Confederation of African Football since 2021.
Facts
Defining ContributionFounded African Rainbow Minerals, a major South African mining company with interests in gold, ferrous metals, base metals and platinum, after becoming the first black partner in a major South African law firm. 1 Notable WorkAfrican Rainbow Minerals 1 Connections
Associated With
Patrice Motsepe founded African Rainbow Minerals in 1997, becoming one of Africa's leading mining magnates.
In the Other Atlases
Sources
1. Patrice Motsepe (Wikipedia)
WikipediaLead paragraph, parenthetical birth note
born 28 January 1962
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is a South African billionaire businessman and football administrator
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founder and Non-executive Chairman of major South African mining company African Rainbow Minerals
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Patrice Tlhopane Motsepe
View the Source Wikidata: Patrice Motsepe
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