South Africa’s Patrice Motsepe, the first black billionaire on the continent, saw his net worth climb by an impressive $200 million in May, bringing his total fortune to $3.2 billion, according to the latest Forbes real-time billionaire rankings.
Currently ranked 1,199th globally, Motsepe’s fortune continues to grow thanks to his diverse investments in mining, finance, digital banking, and African sports.
The latest increase in his net worth is closely tied to the performance of African Rainbow Minerals (ARM), the mining giant he founded and chairs. In May, ARM’s stock rose modestly from ZAR 155.27 on May 2 to ZAR 158.46 by the end of the month, posting a monthly gain of 2%. Despite a slight 1% decline on the final trading day, ARM shares remain up 5.37% year-to-date, outperforming many of their Johannesburg Stock Exchange peers.
ARM continues to attract strong interest from investors. Between February and May, over 64 million ARM shares changed hands in 173,000 transactions, with a total trading volume of ZAR 9.64 billion, reflecting investor confidence in the mining group’s outlook.
But Motsepe’s financial interests stretch well beyond mining. He’s a major investor in Tyme Group, the Singapore-headquartered digital banking firm that recently achieved unicorn status as Africa’s ninth billion-dollar tech startup.
Following a $250 million Series D funding round led by Brazil’s Nubank (which invested $150 million), Tyme Group now boasts a $1.5 billion valuation. This milestone highlights the growing influence of digital banking in Africa’s financial sector.
Through African Rainbow Capital, founded by Motsepe in 2016, he has consistently championed fintech investments, aiming to expand financial inclusion across the continent.
His leadership, however, isn’t confined to boardrooms and fintech ventures. On May 29, Motsepe was re-elected unopposed for a second four-year term as president of the Confederation of African Football (CAF) during its 14th extraordinary general assembly in Cairo. Initially elected in 2021, he became the first English-speaking president of the continental football body.
During his first term, Motsepe oversaw sweeping reforms and significant financial growth within CAF, including a 40% increase in the African Cup of Nations (AFCON) prize money, which now totals $7 million. His re-election underscores continued support for his efforts to modernise African football governance and invest in talent development.
Patrice Motsepe’s multifaceted influence—from mining and fintech to football—solidifies his status as one of Africa’s most impactful business leaders. As of June 2025, he also ranks as the ninth-richest person on the continent. His strategic investments and leadership roles across multiple sectors ensure that his legacy—and his wealth—continues to rise.
