Patrice Motsepe is a South African mining magnate. Born on the 28th of January, 1962, to a school teacher turn businessman, Augustine Motsepe, Patrice grew up learning a lot of his basic entrepreneurial knowledge from his father.
After earning a bachelor of arts from the University of Swaziland and a law degree from the University of Witswatersrand, he became the first black person to rise to the position of partner in the law firm Bowman Gilfillan, in 1994.
At that time, his area of focus was in mining and business law, where he saw an opportunity, and so founded a mining services business to clean gold dust from inside mine shafts.
In 1997, with the price of gold low at the time, he purchased marginal gold mines at a favourable cost, and subsequently started a string of purchases by buying operating mines, which eventually led to his optimal wealth.
As of 2017, according to the Forbes billionaire list, Patrice’s net worth is estimated to be placed at about $1.81 billion U.S dollars.
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