Patrice Motsepe entered the mining business when South Africa ended apartheid. Today the onetime lawyer and avowed capitalist is the country’s first black billionaire.
Says Forbes about our very own cover billionaire, Patrice Motsepe.
I was going to write an extended post about the list, the winners, losers, youngsters and fraudsters but tycoon.co.za has done a sterling job of it.
So have a read of their post about this years billionaire’s list.
An extract from their post:
Motsepe, is South Africa’s first ever black national to make it to the list and is, with Dangote, one of only two black Africans on the list.
Not one to shy away from controversy, Motsepe made his money from mining, helped along by Black Economic Empowerment and has a habit of being in the right place at the right time.
And a parting note, it is incredible to me to see that Mark Zuckerberg has made the list at $1.5billion. Wow. He’s my age. That is incredible.
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March 7th, 2008 at 1:01 pm
On a lighter note, Forbes may want to publish a list of kleptomaniacs and the money they are hiding in South Africa, Switzerland, Australia and the Cayman Islands. Patrice’s ‘mere’ $2b and Dangote’s ‘paltry’ $3b is petty cash
Between old thugs like Arap Moi, Mobutu, Mugabe, Bongo, Obasanjo, Mubarak, El Bashir, Nguema and new-age thieves such as Kabila, Mwanawasa, Chavez, Bush, Putin, Museveni and Mbeki, Motsepe is still learning the ropes.
At least Patrice does not go around trying to present himself as a superstar. A lesson for his bald friend Tokyo Sexwale.
Congratulations Patrice! now how about that small loan for my struggling gas station?
March 9th, 2008 at 4:13 pm
Forbes thank u for your contunuity in keeping us informed about what and who call the shocks out there.On the high note i would like to congratulate Patrice for proving that u don’t have to be white,coloured or pink but hardwork does pay. Motsepe u kept our sa’s flag flying high good luck and God bless u!
March 20th, 2008 at 2:38 pm
Only one billionare for us in southern africa (Zimbabwe Namibia Zambia,Botswana,Mozambique ok but not ok enough yet were endowed with such wealth and inteligent mind and were the most stable region in africa.
T Z ZIMBABWE
March 18th, 2009 at 8:18 pm
Mzansi Rocks!
April 20th, 2009 at 10:23 pm
mugabe was the first billionaire. zims has the most billionaires per capita, as you need about a billion alone, to buy a bakkie or gti
January 1st, 2011 at 12:26 pm
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February 14th, 2011 at 10:18 pm
i respect n salute u mr motsepe,big boy u hav more mooooooola