THIS SOUTH AFRICAN BILLIONAIRE PLANS TO GIVE HALF OF HIS MONEY TO CHARITY
Patrice Motsepe is worth $2.7 Billion as of March 2014. He is age 52, and made his monthy from mining.
He resides in Johannesburg, South Africa and is married with 3 children.
Raised in a poor rural area, Patrice Motsepe lays claim to two firsts. He is both South Africa’s first black billionaire and in January 2012, he became the first African to sign Bill Gates and Warren Buffet’s Giving Pledge. His publicly traded mining conglomerate, African Rainbow Minerals (ARM) has interests in platinum, nickel, chrome, iron, manganese, coal, copper and gold. He also holds a stake in Sanlam, a publicly traded financial services company. Motsepe trained as a lawyer and became the first black partner at the Bowman Gilfillan law firm in Johannesburg and then started a contracting business doing mine scut work.