Patrice Motsepe’s Salary and Net Worth in Rands

Are you interested to know the salary of the mining magnate in South Africa? Patrice Motsepe is one of the richest men in the country because he has invested in several companies. He is also a prominent figure in the sports industry and earns millions a month.

Keep on reading the article if you’re curious to know his net worth, monthly income, and assets. He is a prominent personality in South Africa and has been featured in many magazines including Forbes.

Overview of Patrice Motsepe’s Salary

Patrice Motsepe is the president of the Confederation of African Football since 2021. He was born in January 1962 and is a billionaire businessman and a football administrator. The company, African Rainbow Minerals was founded by Patrice Motsepe.

He is a board member of several companies including Harmony Gold. It is the world’s 12th-largest gold mining company.

Patrice Motsepe was the richest man in South Africa in 2012 and had a fortune worth billions. If you want to know more about this South African, dig into the article below.

Patrice Motsepe became a partner in a law firm when Nelson Mandela was elected. Black empowerment was being promoted in South Africa at that moment. Motsepe founded Future Mining and took contracts from people.

He provided mining services that included the cleaning of gold. In 1997, he purchased gold mines from AngloGold. He paid the debt of the company and changed the name to Rainbow African Minerals.

He purchased a lot of mines that helped build his fortune. In 1999, he formed Greene and Partners Investments with two other associates. A few years later in 2004, he became the non-executive director of Absa Group.

Patrice Motsepe also created Ubuntu Botho Investments in 2003. He is also an owner of a soccer league club named Mamelodi Sundowns F.C. Motsepe also has a 37% stake in Blue Bulls Co and was elected as an interim chairman of the Black Business Council.

Patrice Motsepe’s Career

Patrice Motsepe is one of the richest men in South Africa because he has invested in several businesses. As a president of the Confederation of African Football, he is recognized in the sports industry. He also likes soccer and owns the Mamelodi Sundowns.

Beyond sports, Patrice Motsepe has made lots of investments in mining. He is the founder of many companies including the African Rainbow Minerals, African Rainbow Capital, Sanlam, and Ubuntu Botha Investments. Although, he is not the sole owner of many companies but is a prominent figure.

Patrice Motsepe’s Assets

Patrice Motsepe owns a big mansion in Cape Town that is worth R 69 million. This mansion has everything you’ll ever imagine. He also has a land worth R 30 million in Cape Town.

Apart from his house and lands, Motsepe has great taste in cars. He owns several luxurious cars including Mercedes Benz S65 AMG, Bentley Continental GT, 2007 BMW 750 Li, and BMW 760 Li.

It won’t come as a surprise that Patrice Motsepe owns a private jet. He has a Hawker 4000 business jet that is worth millions.

FAQs

How did Motsepe make his money?

Patrice Motsepe is the first black billionaire in South Africa because he invested in many businesses including mining. He made his fortune through mining and expanded it with time.

How much does Motsepe earn?

Patrice Motsepe earns around R 700,000,000,000 annually as he has invested in several businesses. He has two mining companies that generate a whole lot of money.

Who is the richest black person in South Africa?

Patrice Motsepe is one the richest men in the country because he owns multiple companies and is a prominent figure in the sports industry as well. He has his monthly income in millions and is considered the first black billionaire in South Africa.

A brief yet informative article is written on Patrice Motsepe so people can know about his salary and income sources. He is one of the richest men in South Africa and owns several companies. Motsepe is also a prominent figure in the sports industry and owns a soccer club as well.

The information in the article almost tells everything about Patrice Motsepe. I hope you enjoyed reading this piece on the richest black man.