5. Patrice Motsepe, $2.9 billion.jpg

5. Patrice Motsepe, $2.9 billion

Description: Patrice Motsepe, $2.9 billion

South African, Mining


South Africa’s first and only black billionaire is the founder of African Rainbow Minerals (ARM), a Johannesburg Stock Exchange-listed mining company that has in platinum, nickel, chrome, iron, manganese, coal, copper and gold. Motsepe is fast becoming one of Africa’s most prominent philanthropists. In February last year he announced plans to give away half the income generated from assets owned by his family to his charity, the Motsepe Family Foundation which supports causes affecting South Africa’s poor, including education, health, unemployment and advancing women.

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