Black Billionaires of 2019

8. Patrice Motsepe

Net Worth: $2.3B

Patrice Motsepe is a South African who has achieved his business success within the lucrative Mining Industry. He is South Africa’s first and only black billionaire.

Motsepe is the founder of African Rainbow Minerals (ARM), a Johannesburg Stock Exchange-listed mining company that has in platinum, nickel, chrome, iron, manganese, coal, copper and gold.

He also owns a large stake in African Rainbow Capital, a private equity firm focusing on investments in the financial services sector. African Rainbow Capital was launched in 2016 and has the main focus of investing in Africa.

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