PATRICE MOSTEPE BIOGRAPHY, EDUCATION, CAREER, CONTROVERSIES AND NET WORTH

Mercy | September 27, 2024 | Find It | No Comments

Patrice Motsepe is a South African billionaire businessman, football Administrator and philanthropist. Born on January 28, 1962, in Soweto, Johannesburg, he is best known as the founder and executive chairman of African Rainbow Minerals, a leading mining company with interests in gold, platinum, iron, coal, and other minerals.

PATRICE MOSTEPE PROFILE

Name	Patrice Mostepe
Real Name	Patrice Tlhopane Motsepe
Date of Birth	28 January 1962
Age	62 Years
Nationality	South African
Occupation	Businessman, football Administrator and philanthropist
Religion	N/A
Marital Status	Married
Net Worth	$2.9 Billion
Copied From	Contents101.com

PATRICE MOSTEPE BIOGRAPHY

Patrice Tlhopane Motsepe was born on January 28, 1962, in Soweto, Johannesburg, South Africa. He grew up in a modest family, but his background would serve as the foundation for his success. His father, Kgosi Augustine Motsepe, was a chief of the Mmakau branch of the Tswana people and a schoolteacher who later turned into a small businessman.

EDUCATIONAL BACKGROUND

Motsepe attended the University of Swaziland, where he earned a Bachelor of Arts degree. He furthered his education at the University of the Witwatersrand in Johannesburg, where he earned a law degree and specialized in mining and business law.

CAREER

He began his professional career as a lawyer at the prestigious Bowman Gilfillan law firm, where he became the first black partner in 1994.

In 1997, taking advantage of post-apartheid South Africa’s Black Economic Empowerment (BEE) laws, Motsepe founded African Rainbow Minerals (ARM). Motsepe also serves as the non-executive chairman of Harmony Gold, one of the world’s largest gold mining companies, and deputy chairman of Sanlam, a major financial services group.

In 2003, Motsepe purchased Mamelodi Sundowns, a top South African football club. Under his ownership, the club has achieved remarkable success, winning multiple Premier Soccer League (PSL) titles and the CAF Champions League in 2016.

Motsepe is also deeply involved in philanthropy. In 2013, he joined The Giving Pledge, committing to donate half of his wealth to charitable causes, such as education, healthcare, and social welfare. Through the Motsepe Foundation, which he co-founded with his wife, Dr. Precious Moloi-Motsepe.

In March 2021, Motsepe was elected as the President of the Confederation of African Football (CAF), becoming the first South African to hold this position.

CONTROVERSIES

Patrice has generally avoided major controversy, though in January 2020, he faced criticism after telling former U.S. President Donald Trump that “Africa loves him” during a World Economic Forum dinner. The remark sparked backlash across the African continent, and Motsepe later apologized, clarifying that he was speaking for himself and not on behalf of Africa.

PATRICE MOSTEPE SOCIAL MEDIA HANDLE

https://www.instagram.com/motsepefoundation?igsh=MW1uNWxhcXV3OWRsOQ==

PERSONAL LIFE

Motsepe is married to Dr. Precious Moloi-Motsepe, a physician and fashion entrepreneur. Together, they have three children.

He comes from a prominent family. He is the brother of Tshepo Motsepe, South Africa’s First Lady and wife of President Cyril Ramaphosa, and Bridgette Radebe, a prominent mining entrepreneur who is married to Jeff Radebe, a former South African cabinet minister.