Patrice Motsepe
Patrice Motsepe is the founder and chairman of African Rainbow Minerals. He became a billionaire in 2008 – the first black African on the Forbes list. He is worth $3 billion on the 2021 Africa billionaire net worth. In 2016, he launched a new private equity firm, African Rainbow Capital, focused on investing in Africa.
Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club.
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In 1994, he became the first Black partner at law firm Bowman Gilfillan in Johannesburg and then started a mining services contracting business. In 1997, he bought low-producing gold mine shafts and later turned them profitable.
