- The South African billionaire is one of the richest people in the country
- He made most of his fortune through the mining industry
- Now, he’s able to afford multi million-rand mansions, cars and even private jets
South African billionaire Patrice Motsepe is one of the hardest working men in the country.
Motsepe started working at a very young age for his father’s Spaza shop, which catered mainly for mine workers.
Motsepe went on the obtain a Bachelors of arts degree at the University of Swaziland, before completing a las degree at the University of Witwatersrand.
After getting his law degree, Motsepe was the first ever black law firm partner in 1994, the exact year South Africa had its first democratic election.
In 1997 golf prices hit rock bottom, this enabled Motsepe to buy six gold mine shafts from AngloGold for $7.7 million, which he was able to pay off with money his company, now called African Rainbow Minerals, earned.
African Rainbow Minerals was the first black owned mining company in South Africa.
All his hard work led to Motsepe being named South Africa’s wealthiest man in 2012, with a fortune consisting of $2.4 billion. However, he moved down to sixth place in 2017, with a new balance of $1,8 Billion.
He is now able to afford luxuries most other people can’t.
Motsepe bought a R69 million mansion in Cape Town in 2014, and just a year later, he bought land for R30 million in one of Cape Town’s property hot spots.
Motsepe also has great taste in cars. He reportedly owns a 2007 BMW 750 iL, Mercedes Benz S65 AMG, a Bentley Continental GT and the BMW 760 Li.
Rumours also surfaced claiming he bought one of his children a Supercharged B7 Audi RS4.
To top it off, the man owns his own private jet, which he once shared with rapper 50 cent.
In 2003 Motsepe became the proud owner of Pretoria-based football team Mamelodi Sundowns. If it was a business venture or more of a hobby is unclear, but the brother in law of Cyril Ramaphosa enjoys watching his team play.
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