Motsepe made his fortune through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, African Rainbow Minerals (ARM). Motsepe owns 12.1% of Harmony Gold, the 12th largest gold mining company sasol gas in the world, with mining operations in South Africa, and Papua New Guinea. In this article, we delve into the impressive business portfolio of Patrice Motsepe, exploring all the companies Patrice Motsepe owns. As Africa’s richest black billionaire, Motsepe’s entrepreneurial spirit and strategic investments have catapulted him to immense success. South African billionaire Patrice Motsepe has built an extensive business empire spanning mining, telecoms, banking, insurance, and sports.

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• Patrice Motsepe, the visionary founder of African Rainbow Minerals (ARM), continues to leave an indelible mark on the African business landscape.
• He also has a majority share in the Mamelodi Sundowns and owns over a third of Blue Bulls rugby.
• With a passion for supporting South African entrepreneurs, Morris aims to inspire and inform readers while celebrating the innovative spirit of the local business community.
• After this success, in the year 2000, Motsepe partnered with Anglo Platinum, the world’s largest platinum producer.

With a net worth of $2.8 billion (R52 billion) as of February 2025, Motsepe remains one of Africa’s wealthiest and most influential entrepreneurs. Much of Motsepe’s wealth growth in recent years has come through the telecoms market, with African Rainbow Capital’s significant shareholding in mobile network operator Rain. Motsepee’s UBI wholly owns African Rainbow Capital(ARC), a fully black owned and controlled company of significant scale, focusing on opportunities in the South African and African financial services and diversified investments industries. Patrice Motsepe was born to Kgosi Augustine Motsepe, a chief of the Mmakau branch of the Tswana people, who had previously been a schoolteacher and who was later a small businessman as the owner of a Spaza shop which was popular with mine workers. It was from this shop that Motsepe learned basic business principles from his father, as well as first-hand https://fnb.co.za/ exposure to mining. In recent years, Motsepe has expanded beyond mining, making major investments in telecoms, digital banking, and financial services through African Rainbow Capital (ARC) and Ubuntu-Botho Investments (UBI).

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In spite of having grown up in sasol fuel the apartheid era, Motsepe fared better than many other South African blacks. His father, once banished for voicing opposition to apartheid, became a successful liquor distributor by affiliating with South African Breweries. Throughout his youth Motsepe worked at his father’s store and beer hall, a job that gained him essential lessons in business management and exposed him to the lives of the mine workers who bought their daily provisions from him.

What is Patrice Motsepe’s role in the mining industry?

In August 2024, ARC invested a further R160 million in Rain, bringing its shareholding in the network operator to 21%. He has also enjoyed success in financial services through Ubuntu-Botho Investments (UBI), which he created in 2003. Motsepe attributes much of his entrepreneurial success to what he learned while working in his parent’s store.

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In 1997 he launched ARMgold, which in 2003 merged with Harmony and acquired Anglovaal Mining (Avmin). Motsepe was named chairman of the newly reorganized ARM in 2004, and by 2006 the company had expanded beyond gold and other metals into coal mining. Motsepe’s growing wealth allowed him to purchase https://www.momentum.co.za/ a 51 percent interest in the Mamelodi Sundowns association football (soccer) club in 2003, and the next year he gained full control of the club.

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He went on to complete a law degree specialising in mining and business at the University of Witwatersrand. His father was a schoolteacher and later https://www.capitecbank.co.za/ owned a spaza shop, where Motsepe was taught basic business skills. His success led him to acquire marginal gold mines from AngloGold, leading to the formation of ARMgold and later African Rainbow Minerals (ARM) in 2004. The mobile network operator initially focused on uncapped 4G products but became the country’s first mobile network to launch fixed-5G broadband.