# Patrice Motsepe South African billionaire businessman, mining magnate, football administrator, and potential [[African National Congress (ANC)|ANC]] leadership contender. Founder and Non-Executive Chairman of African Rainbow Minerals (ARM). President of the Confederation of African Football (CAF) since 2021, re-elected in March 2025. Vice President of [[FIFA]]. First black African to appear on the Forbes billionaire list. Brother-in-law of South African President [[Cyril Ramaphosa]] (his sister Bridgette Radebe is married to Ramaphosa). In early 2026, stepped down as Executive Chairman of ARM — widely interpreted as a strategic move to clear the path toward political office. **Online**: **Organization**: African Rainbow Minerals (ARM) — Founder & Non-Executive Chairman; Ubuntu-Botho Investments — Founder & Chairman; African Rainbow Capital (ARC); Mamelodi Sundowns FC — Owner; Motsepe Foundation — Co-founder **Location**: Johannesburg, South Africa --- ## Entries ### Background Born 28 January 1962 in Soweto, South Africa. Son of Kgosi Augustine Motsepe, a Tswana chief and small businessman. Grew up during apartheid. Attended Roman Catholic boarding school in Eastern Cape. Earned a BA from the University of Swaziland and a law degree from the University of the Witwatersrand. Became the first black partner at law firm Bowman Gilfillan in 1994 — the same year Mandela was elected president. Founded Future Mining in 1994, providing contract mining services. In 1997, purchased marginal gold mines from AngloGold for $7.7 million during a gold price low, forming what became African Rainbow Minerals. Leveraged [[Black Economic Empowerment (BEE)]] policies to build a mining empire spanning gold, platinum, ferrous metals, and base metals. Estimated at approximately $4.1 billion ([Forbes, 2026](https://www.forbes.com/profile/patrice-motsepe/)). Ranked as Africa's ninth-richest and South Africa's third-richest man ([CNBC Africa, 2024](https://web.archive.org/web/20140921114304/http://www.ventures-africa.com/2012/09/billionaire-patrice-motsepe-remains-south-africas-richest-man-as-rich-list-wealth-grow/)) after [[Johann Rupert]] and [[Nicky Oppenheimer]] alongside [[Koos Bekker]]. ## Key roles and affiliations - **Confederation of African Football (CAF) President** (2021–present; re-elected March 2025) and FIFA Vice President - **Board of Trustees**, [[World Economic Forum (WEF)]] - **Harvard Global Advisory Council** member - **International Council on Mining and Metals (ICMM)** member - Founding member and former president of **Business Unity South Africa (BUSA)** - Former interim chairman of the **Black Business Council** - In 2013, joined **[[The Giving Pledge]]** — first family on the African continent to do so