Patrice Motsepe Salary & Net Worth in South African Rands
Patrice Tlhopane Motsepe is a well-known Motswana footballer who was born on 28 Jan 1962. He is the country’s first black billionaire businessman who has several of his businesses running all across the country. In 2012, Motsepe was South Africa’s top richest man, and in the year 2020, he successfully enlisted his name in Forbes as the 1307th richest person in the world.
The net worth of Motsepe is reported to be R59 billion as of 2023. This South African footballer has several of his businesses running through which he earns a handsome amount of money. Let’s look at the details of the net worth, salary, income sources, and what are the assets that he has made with his billions of rands in the guide mentioned below.
Patrice Motsepe Net Worth And Salary
Patrice Motsepe is one of the wealthiest South African footballers and the first black African who has successfully brought his name to Forbes with a total of R 59 billion net worth as of 2023. The weekly income of Patrice Motsepe is R 148 626 455, 77, and his monthly income is R 644 047 975 00. The annual income of Patrice Motsepe with his businesses is around R7 728 575 700 00.
Income Sources
Patrice Motsepe is a mining businessman who has his own mining company and has multiple other income sources from which he has made it possible to earn a net worth of billions of rupees. Let’s look at the income sources of Patrice in the details below to see how he managed to stand in the top five richest South Africans list.
President of Confederation African Football
Patrice Motsepe has been president of Confederation African Football since 12 March 2021. He earns around $200,000 monthly while working as CAF president. This $ 200,000, when converted into grants, becomes R 386 4200.
Owner Of African Rainbow Mineral Company
Since 1997, Patrice Motsepe has been working in mining and earning a lot from this business. At that time, when the gold prices were low, he bought low-producing gold mines that, with his dedication and hard work, are now giving him a great return.
He founded African Rainbow Minerals, a mining company working with base metals, gold, ferrous metals, and Platinum. He is undoubtedly a self-made South African citizen who, with his dedication and hard work, has earned a lot from his businesses and jobs.
Non-Executive Chairman Of Harmony Gold Mining Company
Patrice Motsepe has also worked as a non-executive chairman of Harmony Gold Mining Company. Harmony Gold is the world’s 12th largest gold mining company. Because he has invested and started a mining business and has experience dealing with metals and minerals, he has worked as a sitting person in different mining companies.
Chairman of Sanlam Insurance Company
Sanlam is one of the largest insurance companies in South Africa, located in Cape Town. Patrice Motsepe is the company’s chairman and a shareholder there too. Similarly, Motsepe has various shareholdings in many of South Africa’s agricultural, insurance, banking, telecom, and top financial companies, which are the reason for making him a billionaire.
President of Mamelodi Sundowns
Mamelodi Sundowns is a football club in South Africa. Patrice Motsepe is also serving as the president of the club, and in the year 2004, he got around 51% of shares of this football club. This is another income source of Patrice Motsepe that is a big reason for making him a billionaire.
Assets Behind His Net Worth
Following are the assets of Patrice Motsepe that he has made with his billions of rands. The list includes 4 of his cars, a mansion where he lives, and companies that he owns.
Companies
Patrice Motsepe is a business giant who directly or indirectly owns lots of companies in South Africa. He owns African Rainbow Energy and Power, The Motsepe Foundation, African Rainbow Capital, and African Rainbow Minerals. Moreover, he also has some percentage of ownership in Sanlam Insurance company.
Home in Cape Town
Patrice Motsepe lives in a beautiful mansion in Cape Town with a net worth of R68 million today. This is one of the most luxurious homes in the world that was built in 2008. Patrice bought the home in 2014 with a total of R30 million. This mansion is a baronial-style mansion made on 12000 square meters of land and has six ensuite bedrooms.
The house also has a music room, 24-seat dining room, climate-controlled wine cellar, cigar lounge and art theater, a gym, a billiard room, and a garage with an inbuilt car wash. The site also has an outdoor swimming pool, tennis court, and pavilion. Well, a total of R 30,000 is spent monthly to maintain this outstanding mansion of Patrice Motsepe.
Cars
BMW 760 Li
Cost R2 Million
Patrice Motsepe is the owner of a BMW 760Li car. He has bought the vehicle for R2,000,000.
The car comes with sophisticated, decent, and improved features, making it one of the most favorite luxurious cars that this black billionaire businessman owns. The car has several features that make it a favorite vehicle for him.
2007 BMW 750Li
Cost R1.313 Million
The 2007 model of BMW 750Li is another favorite car of Patrice Motsepe. It is a five-seater car with outstanding legroom in its back seats, making it highly comfortable to sit in.
With ten built-in speakers, emergency braking preparation, self-leveling headlights, and various other innovative features, this is another car of Patrice Motsepe that he loves. Moreover, the vehicle also has other inbuilt luxury features, making it an ideal choice for a businessman like Patrice Motsepe.
Mercedes Benz S65 AMG
Cost R3.2 Million
Mercedes Benz S65 is another car owned by Patrice Motsepe. This Benz S65 is one of the top cars that offer style, comfort, luxury, and class.
It provides you with outstanding control and has a voice command system that makes it one of the smartest cars available today. Patrice Motsepe has paid R 3.2 million to get ownership of the 2007 model of this car.
Bentley Continental GT
Cost R3.373 Million
This Bentley Continental is one of the uniquely designed cars that is made with customizability choices. It is entirely made by hand and is different from other cars that Bentley has on its list.
When it comes to comfort and control, this Bentley Continental GT is unparalleled to others. Moreover, the construction of the interior of the car is done with the use of wood, leather, and metal trims that will combine together with modern technology to give the vehicle a luxurious look.
Why is Patrice Motsepe a role model?
Patrice Motsepe has achieved a lot in his life. His achievements in philanthropy, business, and sports make him one of the most respected, honored, and influential personalities in South Africa. That is why he is considered one of the inspiring entrepreneurs for the younger generation.
How much does Patrice Motsepe earn per week?
Patrice Motsepe earns around R 148 626 455 77 per week, which becomes equal to R 644 047 975 00 per month. He is one of the well-known South African businessmen who has successfully managed to enlist his name at 1307th place in the list of Forbes wealthiest persons in the world.
This article mentioned above tells you about Patrice Motsepe’s salary and the details related to his net worth and income sources. The guide tells you about how much this black billionaire businessman earns yearly and what his income sources are.
Moreover, the guide has also covered the list in which the most prized possessions of Patrice Motsepe are mentioned. The list includes four cars, a mansion worth R68 million in Cape Town, and several companies he owns.
