Join us as we take a closer look at the remarkable story of a man who has achieved greatness in different aspects of life. Forum Mondial de L’Economie engages in the foremost political, business and cultural organizations to shape global, regional and industry agendas. The company was founded by Klaus Schwab in 1971 and is headquartered in Cologny, Switzerland. Rain is a data-only mobile network in South Africa that has launched Africa’s first 5G network.
Renewable energy investments
- She is a doctor and a philanthropist who is also involved in the fashion industry.
- Patrice Motsepe’s initial foray into wealth accumulation began with the mining industry.
- His father was a schoolteacher and owned a Spaza shop, a type of informal convenience store, to supplement the family income.
- Rain is 20% owned by billionaire Patrice Motsepe’s African Rainbow Capital Investments (ARC), which acquired its stake in the group mid-2017.
- His influence extends beyond the mining industry with numerous positions on company boards, including non-executive chairman of Harmony Gold and deputy chairman of Sanlam.
His unwavering commitment to success and his dedication to making a difference exemplifies the epitome of leadership and philanthropy in the African business landscape. Patrice Motsepe, the visionary founder of African Rainbow Minerals (ARM), continues to leave an indelible mark on the African business landscape. Cementing his status as the richest Black billionaire in Southern Africa, Motsepe has become a trailblazer for fellow entrepreneurs across the continent. Today, he has grown to become one of the most influential figures in Africa, with his footprint cutting across sports and business. Patrice Motsepe’s role as a philanthropist underscores his deep-seated sense of social responsibility and a profound connection to the principles of ubuntu.
ARC Investments
He has two siblings, Bridgette Radebe, South Africa’s first black female mining entrepreneur, and Dr. Tshepo Motsepe-Ramaphosa, a renowned medical doctor married to Cyril Ramaphosa, the President of South Africa. Patrice Motsepe serves on the boards of several companies and holds directorships in various organizations. These positions provide additional income and opportunities for networking and influencing business decisions in different sectors. Beyond his business ventures, Motsepe is also known for his philanthropic efforts.
Uber and Bolt strike in South Africa
Additionally, he was part of the National Team of Mali that finished second in the CAF Africa Cup of Nations in 1972. In addition to his impressive car collection, Patrice Motsepe also owns a private jet. He chose the Hawker 4000 business jet, a top-of-the-line aircraft popular for its comfort, efficiency, and prestige. Having a private jet signifies Patrice Motsepe’s luxurious lifestyle and prominent position in the business world. Precious Moloi Motsepe is the wife of Patrice Motsepe, a wealthy South African businessman. She is https://www.absa.co.za/ a doctor and a philanthropist who is also involved in the fashion industry.
Personal life
After matriculating, he agc motsepe proceeded to obtain a bachelor of arts degree at the University of Swaziland, which was subsequently followed by a law degree from the University of the Witwatersrand. Contrary to what most people believe, Motsepe wasn’t born rich, or had any wealthy relatives. Like many black South Africans during apartheid, his parents were ordinary struggling people.
African Rainbow Capital (ARC) Financial Services Holding owns a portion of the company and has a presence in South Africa and the Philippines. One of the notable things about Precious is that she is the founder of African Fashion International, an organization that promotes the fashion industry in Africa. Owning and developing properties can be a lucrative source of income, and it complements his investment portfolio. The Patrice Motsepe Foundation, established in 1999 by Patrice Motsepe and his wife, Precious Motsepe, uses the African philosophy of ‘ubuntu’ – the belief in giving and caring for one’s neighbour and community members. This foundation serves as proof of the selflessness and compassion deeply ingrained in the age-old African culture. African Rainbow https://fnb.co.za/ Capital Pty Ltd (Private Equity) (African Rainbow Capital) is a private equity subsidiary of African Rainbow Capital Investments Ltd founded in 2015 by Patrice Tlhopane Motsepe.
iPhones for under R5,000 in South Africa
The project aims to deliver sustainable energy to support these mining operations through a long-term power purchase agreement and utilising the national grid. It’s important to note that the Bishopscourt mansion is just one of the luxurious properties owned by Patrice Motsepe in South Africa. In 2016, he acquired a 20 per cent stake in Val de Vie Investments, which expanded his real estate holdings. He also owns an estate called Val de Vie Evergreen, known for its equestrian farm, golf courses, restaurants, wineries, and wellness centres. This acquisition included the entire phase of Pearl Valley and the hotel site, further establishing Motsepe as a prominent property investor. He owns Mamelodi Sundowns Football Club, one of the top soccer clubs in South Africa.