Patrice Motsepe Biography: Net Worth, Wife, Age, House, Children, Companies, Contacts, Quotes
John Parker
Biography
Patrice Tlhopane Motsepe (born January 28, 1962) is a wealthy businessman from South Africa who has garnered considerable success in the mining industry.
He is the proud founder and Chief Executive Officer of African Rainbow Minerals, a company that invests in precious metals such as gold, ferrous metals, base metals, and platinum.
Aside from his business ventures, Patrice Motsepe also serves as the President of the Confederation of African Football (CAF), a prestigious role enabling him to significantly contribute to developing African soccer.
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| Wiki Facts & About Data | |
| Full Name: | Patrice Tlhopane Motsepe |
| Stage Name: | Patrice Motsepe |
| Born: | 28 January 1962 (age 62 years old) |
| Place of Birth: | Ga-Rankuwa, South Africa |
| Nationality: | Nigerian |
| Education: | University of the Witwatersrand |
| Height: | 1.70 m |
| Parents: | Augustine Motsepe, Key Motsepe |
| Siblings: | Tshepo Motsepe, Bridgette Radebe |
| Spouse: | Precious Moloi-Motsepe (m. 1989) |
| Girlfriend • Partner: | N/A |
| Children: | Kgosi Motsepe, Tlhopie Motsepe, Kabelo Motsepe |
| Occupation: | Businessman |
| Net Worth: | US$2.4 billion |
Early Life & Education
Patrice Motsepe, a distinguished South African entrepreneur and philanthropist, was born on January 28, 1962, in the vibrant city of Ga-Rankuwa, located within the bustling metropolis of Pretoria.
The proud son of Key Motsepe and Augustine Motsepe, Patrice grew up alongside his siblings, Tshepo Motsepe and Bridgette Radebe, who have also made significant strides in business. Their close-knit family unit was characterized by strong values and a profound sense of purpose.
Patrice Motsepe is an individual who has pursued an extensive education, earning a law degree from the esteemed University of the Witwatersrand and a Bachelor of Arts degree from the renowned University of Swaziland.
Throughout his professional journey in mining and corporate law, Patrice has applied his comprehensive knowledge to excel in his career. Given his remarkable educational background and insightful understanding of these fields, Patrice is likely recognized as an authority or specialist in these domains.
Career
In 1994, Patrice Motsepe etched his name in history as the first black partner at Bowman Gilfillan, a legal firm. This milestone coincided with Nelson Mandela‘s election as South Africa’s inaugural black President. Seizing the momentum of the new government’s emphasis on black empowerment and entrepreneurship, Motsepe founded Future Mining in the same year.
This enterprise specializes in providing contract mining services for Vaal Reefs Gold Mine, encompassing tasks such as cleaning gold dust within mine shafts. Notably, Motsepe introduced an innovative worker remuneration system featuring a modest base salary coupled with a profit-sharing bonus.
In 2003, Patrice Motsepe founded Ubuntu-Botho Ventures (UBI) and subsequently engaged in a business partnership with Sanlam, an insurance and financial services firm, under a Black Economic Empowerment (BEE) framework in 2004. The decade-long transaction concluded in 2014, as UBI fully repaid the loan from Sanlam. As a result, UBI acquired a 13.5% stake in Sanlam while retaining an 18.1% voting share as its BEE partner.
In November 2020, the prominent businessman and philanthropist Patrice Motsepe declared his candidacy for the Confederation of African Football (CAF) presidency. He conducted an assertive campaign, highlighting his credentials as a successful entrepreneur and sports enthusiast. On March 12, 2021, Motsepe emerged as the victor in the CAF presidential election, which stirred controversy as some observers criticized FIFA for allegedly lacking neutrality in the process, particularly as all four other candidates had withdrawn their candidacies.
Social Media
- Twitter: @Patrice_Motsepe
- Facebook: @PatriceMotsepe
- Instagram: @PatriceMotsepe
Personal Life
Dr. Precious Moloi-Motsepe, a distinguished physician and successful fashion entrepreneur, is married to 62 years Patrice Motsepe, and together, they are proud parents of three children named Kgosi Motsepe, Tlhopie Motsepe, and Kabelo Motsepe.
Patrice Motsepe has an impressive family lineage, as he is the brother of Tshepo Motsepe and Bridgette Radebe, both notable figures in their respective fields. Furthermore, he is also the brother-in-law of President Cyril Ramaphosa and Minister Jeff Radebe, which adds to his impressive familial connections.
Net Worth
Patrice Motsepe‘s net Worth is estimated to be $2.4 billion, making him one of the wealthiest people in South Africa. In addition to this, he also holds the 10th position on the list of the wealthiest people in Africa.
Along with his immense wealth, he holds the position of President of the Confederation of African Football. Patrice Motsepe has achieved great success in his personal and professional life.
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