South African billionaire Patrice Motsepe just got $200 million richer this May, pushing his net worth to a whopping $3.2 billion, according to Forbes’ real-time billionaire tracker. Ranked 1,199th globally, Motsepe continues to show the world how to win big not just in mining, but in digital banking and football too!
At the heart of his recent gains is African Rainbow Minerals (ARM) the mining giant he founded and chairs. ARM’s stock saw a modest 2% rise in May, ending the month at ZAR 158.46. With over 64 million shares traded between February and May worth ZAR 9.64 billion, investors are clearly loving what they see.
But Motsepe isn’t just mining gold he’s also striking it rich in fintech. He’s a major investor in Tyme Group, a digital banking unicorn now valued at \$1.5 billion after a \$250 million Series D funding round led by Brazil’s Nubank. Tyme is shaking up financial access across Africa and beyond, and Motsepe’s early backing is paying off big time.
Outside of business, Motsepe is making major moves in sports. On May 29, he was re-elected unopposed as president of the Confederation of African Football (CAF) for a second term. Since 2021, he’s led big reforms, including boosting AFCON prize money by 40% (now $7 million). His re-election shows strong support for his vision of a stronger, more professional African football scene.
From mining millions to digital banking billions, and now a second term as African football boss, Patrice Motsepe is proving he’s not just a businessman — he’s a powerhouse shaping Africa’s future.
