SA's most powerful brother-in-law? 5 fast facts about billionaire Patrice Motsepe

SA's most powerful brother-in-law? 5 fast facts about billionaire Patrice Motsepe

Billionaire businessman Patrice Motsepe is among South Africa's most successful black entrepreneurs.

PAY ATTENTION: Click "See first" under the "Following" tab to see Briefly News on your newsfeed!

Born in Ga-Rankuwa, Pretoria, Motsepe became the richest person in South Africa in 2012. While other businesspeople have overtaken him now, his interests are spread across several sectors.

He holds a Bachelor of Arts degree from the University of Swaziland and a law degree from Wits University. Briefly.co.za brings you more interesting facts about him below.

1. Motsepe is currently the fourth richest South African.

Patrice Motsepe is currently the fourth richest South African. Image Source: Google

Patrice Motsepe is currently the fourth richest South African. Image Source: Google

According to the most recent Forbes ranking of South Africa's richest people, Motsepe is fourth with an estimated net worth of $2.4 billion (R29 billion).

At 56 years old, the chairman of African Rainbow Minerals is also the youngest in the top four.

READ ALSO: Mom, 44, has 16 kids and has spent 10 years of her life pregnant

2. He is President Cyril Ramaphosa's brother-in-law.

President Cyril Ramaphosa with First Lady Tshepo Motsepe. Source: Google

President Cyril Ramaphosa with First Lady Tshepo Motsepe. Source: Google

Motsepe could well be South Africa's most powerful brother-in-law. President Cyril Ramaphosa is married to Dr Tshepo Motsepe, Patrice Motsepe's sister.

3. Owner of Mamelodi Sundowns.

The billionaire is 100 percent owner of Mamelodi Sundowns Football Club, which is currently having a successful season in the PSL so far.

READ ALSO: North West Premier's son receives dodgy R1.1m bursary from cash-strapped Denel

4. He is known for his charity.

Motsepe's contributions to charitable causes is well known. In fact, he signed the Giving Pledge in 2013, according to thesouthafrican.com.

Signatories pledge to donate half of their wealth to charitable causes.

5. With wealth comes luxury.

As a billionaire, money ain't a thing for Motsepe. He owns a massive home in Cape Town that was reportedly valued at a whopping R69 million in 2015.

The home has a "gentleman's club" cigar lounge and other luxurious amenities, such as a floodlit tennis court and a garage that fits 10 cars.

Watch Mzansi's billionaires in the video below from our Briefly - South Africa YouTube channel.

Do you have a story to share with us? Inbox us on our Facebook page and we could feature your story.

To stay up to date with the latest news, download our news app on Google Play or iTunes today.

Source: Briefly.co.za

Related news
Victim of petrol bomb attack planning to scale Mt Everest

Victim of petrol bomb attack planning to scale Mt Everest

Victim of petrol bomb attack planning to scale Mt Everest
Briefly.co.za