Patrice Motsepe is known for being South Africa's first black billionaire. He built his income through his mining company, a publicly traded conglomerate named African Rainbow Minerals.
Patrice Motsepe is a native of South Africa. His billionaire status comes both from his company, African Rainbow Minerals, and his stake in Sanlam, a financial services company. African Rainbow Minerals mines platinum, gold, copper, coal, nickel iron, chrome and manganese. Patrice Motsepe was first trained as a lawyer, and he purchased his first gold mine shaft in 1994. From his shafts, he was able to profit over the years. He worked his way up to billionaire status and is now worth $2.7 billion.