Patrice Tlhopane Motsepe is a businessman and miner from South Africa, He is the company’s founder and executive chairman. In 2012, he topped the Sunday Times’ annual Rich List with an estimated fortune of $1 billion (R20.07). Patrice became the first black African billionaire on the Forbes list when he attained that status in 2008.
Patrice Motsepe Biography
Motsepe is one of the most prominent and prosperous South Africans, and due to his wealth, he ranks among the top ten richest persons in the country. He is also by far the richest black person in the country. The multibillionaire who is the CEO of African Rainbow Minerals (ARM), the owner of Mamelodi Sundowns FC, and the creator of Ubuntu-Botho Investments is also the Confederation of African Football’s current president (CAF.)
Motsepe was born in Pretoria, South Africa on January 28, 1962 at Ga-Rankuwa. Augustine Motsepe, his father, was a former teacher who eventually became a modest business owner. Motsepe’s father taught him the basics of business. Motsepe also had firsthand mining experience in his father’s store, which catered to miners. Dr. Precious Moloi, a doctor and fashion mogul, is her spouse of Patrice. They are fortunate to have three kids. Tshepo Motsepe and Bridgette Radebe’s brother are Motsepe. Both Minister Jeff Radebe and President Cyril Ramaphosa share him as a brother-in-law.
Patrice graduated from the University of Swaziland with a Bachelor of Arts degree. He subsequently continued on to the University of Witwatersrand, where he majored in Mining and Business Law and graduated with a law degree. Motsepe succeeded better than many other South African blacks despite growing up under the apartheid era. When his father joined forces with South African Breweries, he was able to succeed after being exiled once for speaking out against apartheid. Motsepe spent all of his childhood working at his father’s store and beer hall, where he learned valuable lessons in business management and got to know the lives of the mine employees who came to him for their daily necessities.Motsepe and his six siblings attended a Roman Catholic boarding school in the Eastern Cape province, largely due to their father’s objection to the country’s segregated public school system, which offered black students in South Africa inferior educational options.
Motsepes busineses
Dr. Motsepe is the founder and chairman of UBI General Partner (Pty) Ltd., African Rainbow Capital (ARC), African Rainbow Energy and Power (AREP), and Ubuntu-Botho Investments. He serves as the President of Mamelodi Sundowns Football Club, Chairman of Harmony Gold, and Deputy Chairman of Sanlam.
Dr. Motsepe is a member of the WEF International Business Council (IBC), which is comprised of 100 of the most highly regarded and influential chief executives from all industries, the WEF Global Network Advisory Board of the WEF Centre for the Fourth Industrial Revolution, and the WEF Board of Trustees. He also serves on the International Council on Mining and Metals and the Harvard Global Advisory Council (ICMM).
He previously held the positions of President of the Black Business Council (BBC), Founding President of Chambers of Commerce and Industry South Africa (CHAMSA), Founding Chairman of the BRICS (Brazil, Russia, India, China, South Africa) Business Council, and President of the National African Federated Chamber of Commerce and Industry (NAFCOC) from 2002 to 2006.
How did Motsepe buy Mamelodi Sundowns?
In 2003, Dr. Patrice Motsepe invested in Sundowns as a partner with the Tsichlas. In 2004, he expanded his ownership from 51% to 100% and changed the club’s name to “Mamelodi” Sundowns. The club states that the name change to Mamelodi Sundowns is “a reference to its origins in Atteridgeville, Eersterus, and Laudium as well as the team’s home in Mamelodi.”As early as 2005, Motsepe’s magic worked, as the team won the league twice in a straight (in 2005–06 and 2006–07). Under the direction of local coach Pitso Mosimane, Sundowns also won the league in 2013–14. Mosimane went on to lead Sundowns to the 2016 Champions League triumph.
Then, Mamelodi Sundowns defeated TP Mazembe of the Democratic Republic of the Congo 1-0 in Pretoria on Saturday to claim the CAF Super Cup at the first attempt. The continental championship has always been Dr. Patrice Motsepe’s goal. He followed Sundowns, who had advanced writing papers to the CAF Champions League final in 2001 but lost to Al-Ahly of Egypt. Too good for words is the 3–1 victory over Zamalek, another Egyptian powerhouse.
Early in the 1960s, a group of young stars living in and around Marabastad in Pretoria founded Sundowns (Tshwane). The club lists Frank “ABC” Motsepe, Roy Fischer, Ingle Singh, and Bernard Hartze among the youthful talents who helped start it in the 1960s.In 1967, the year the team entered the Federation of Professional Soccer League, it “reached the Coca-Cola Cup finals in an eight-goal thriller, losing 5-3 to Berea United.” In 1980, Sundowns was demoted to the National Professional Soccer League’s second tier. After spending five years in the second division, the team finally made a comeback in 1985 with the addition of Mr. Cool (Zola Mahobe).
Does Patrice have shares in rugby?
Patrice Motsepe is not only one of the wealthiest individuals in South Africa, but he also has a vote in the management of two of the city of Tshwane’s most prosperous athletic organizations. The Blue Bulls now have a 37 percent equity stake owned by mining magnate Motsepe, whose Mamelodi Sundowns won the 2016 Caf Champions League and is a Premier Soccer League club. The Bulls have won three Super Rugby championships, making them the most successful Super Rugby team in South Africa. With nine PSL championships, Mamelodi Sundowns is the most successful team in South Africa in terms of league titles.
They are tied with Kaizer Chiefs for the most league titles (12), but the Soweto giants are still by far the strongest cup team in the nation. Equity in the Bulls franchise was split evenly between Remgro and the Blue Bulls Rugby Union. However, Motsepe and Remgro have a 37 percent share, with the BBRU taking home the remaining 26 percent because of Motsepe’s huge financial clout. Loftus Versfeld hosts a sizable portion of Mamelodi Sundowns’ league games as well. Alfons Meyer, chief executive officer of Blue Bulls Company (BBCo), said the agreement will be advantageous for the union in many ways.
“This is a brilliant deal‚ not only just for us at the BBCo‚ but for our community and the sporting industry in general ‚” Meyer said.“I’m looking forward to a host of synergies and opportunities that’ll be forged between us. With Mr. Motsepe also owning soccer giants Mamelodi Sundowns‚ there’s no doubt that a relationship like this will further enhance and entrench our vision to make Tshwane the sporting capital.”
Motsipes Children
Patrice Has 3 sons Thlopie Motsepe,Kabelo Mokotedi Motsepe and Kgosi Motsepe.The oldest of Patrice Motsepe’s sons from his marriage to Precious is Thlopie Motsepe. Thlopie is his endearing nickname, and he was born Thlopane Butana Chane Motsepe on June 12th, 1989. The 33-year-old handsome Motsepe clan heir is continuing in his parent’s footsteps and has already made a name for himself as a young businessman with a keen interest in the family business, particularly the sports sector. Following his father’s election as head of the Confederation of African Football in 2021, Thlopie Motsepe seized control of Mamelodi Sundowns FC (CAF).
Motsepe Foundation
The Motsepe Foundation has provided loans totaling R70 million to two farming projects in Limpopo and Mpumalanga in a context where farmers are finding it difficult to acquire funding to support their businesses. The foundation, established by multibillionaire Patrice Motsepe and Dr. Precious Moloi-Motsepe, has teamed up with the association for the South African agricultural sector, AgriSA, to develop ways to assist beginning farmers.”Due in large measure to a lack of secure land tenure, a number of promising projects around the country have been unable to secure adequate funding for their operations. Agri Enterprises and the Motsepe Foundation have stepped into this gap,” a statement from AgriSA read.
The Motsepe Foundation facilitated the R70 million funding through a company set up by the Motsepe family due to the projects’ commercial character and the legal and tax obligations. The Greater Tenbosch land claim was followed by cooperative ventures, which are supported by the first project in Mpumalanga.” Three ventures have been established to cultivate cane on this land which have to date suffered from a lack of funding,” the statement read. Currently, RCL Foods, the owner of Ouma Rusks and 5 Star maize meal, is the sole funder of the joint ventures.
Majeje Citrus is supported by Limpopo’s second initiative. The citrus initiative was initially established by the Majeje Traditional Authority in collaboration with Komati Fruit and Absa.”With the support of Agri Enterprises and the Motsepe Foundation, the community will now be able to develop its land and participate in the cultivation of South Africa’s most thriving agricultural commodity,” the statement read.
Mr. Patrice Motsepe and Dr. Precious Moloi-Motsepe launched the Motsepe Foundation in 1999. The Motsepe family became the first from the African continent to sign up for the Giving Pledge in 2013, which was created by Warren Buffett and Bill and Melinda Gates. Ubuntu, an African idea of sharing and caring for one’s neighbor and fellow citizens, served as the foundation’s guiding principle. This trait of selflessness and compassion reveals the fundamental value of humanity’s goodness toward our fellow humans and is a component of the rich African culture that dates back thousands of years. A crucial component of human moral obligation and shared responsibility has always been and continues to be giving back. Despite the many difficulties the continent faces, it is an idea that has kept African families and communities together for decades. Providing it to the following generation makes people proud.
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