Africa's Powerful Families: The Motsepe's, Estimated+$4 Billion Net Worth, Richest Black Family.....

In this episode of Africa's Powerful Families, we turn to Africa's wealthiest country, South Africa where we find the motsepe family. With an estimated net worth of over $4 billion, the Motsepe's are the Wealthiest black family in South Africa, their influence and power spans across politics, business and sports. The motsepe's family background begins with chief Augustine Motsepe, a prominent businessman and tribal leader of the Tswana people of Mmakau, in north west province of south Africa. He owned and operated retail shops, at a time when black south Africans were heavily restricted by the country's apartheid government from renting or owning land, a privilege that was only reserved for white people at the time. He was married to Margaret Keneilwe Motsepe, and the couple had 7 children, including Dr Tshepo Motsepe, a Harvard graduate and medical practitioner, with vast experience in both public and private practice. She has worked in various south African hospitals, including Chris hani baragwanath hospital, the largest hospital in South Africa. Amongst many of her vast accomplishments, Dr Tshepo Motsepe is also married to South African president Cyril Ramaphosa, and is the current first lady of South Africa. The couple has 4 kids together, and Their net worth is estimated at $450 million by Forbes.   Bridgette Motsepe is South Africa's first black female mining entrepreneur, and is Dr Tshepo Motsepe's younger sister. Bridgette Motsepe founded mmakau mining, a multi million dollar mining company with significant stakes in Platinum mines, chrome, coal & gold. She is also the president of the South African Mining Development Association, the largest mining chamber in the country. Bridgette Motsepe was elected as the Chair of the Russia South Africa Business Forum in BRICS. she is also a Founder and member of the Board of Trustees of New Africa Mining Fund, a private equity fund which focuses on assisting junior mining companies seeking capital. Bridgette Motsepe has also served on a number of boards in some of south Africa's biggest companies, serving as a member of the board at Sappi Limited, a major player in the global pulp and paper industry. She has received countless business awards throughout her career, including the international business person of the year award in 2008. Bridgette Motsepe is one of the richest women in South Africa, with an estimated net worth of over $100 million. She is married to prolific South African politician & former minister in the presidency, Jeff Radebe. Jeff Radebe is one of the longest serving cabinet members in South Africa's government, having been a part of every National administration from 1994 until 2019. The couple has 3 children together. Patrice Motsepe is a prolific South African businessman, and the country's first black billionaire. He made his initial wealth by acquiring several marginal gold mines from AngloGold and formed ARMgold. This paved the way for Patrice Motsepe to establish African Rainbow Minerals in 2004, a multi billion dollar mining company with operations in south Africa and Malaysia. African Rainbow Minerals is a diverse mining and mineral company that mines and beneficiates coal, chrome, Platinum,nickel, and manganese amongst others. the company also has strategic investment in gold through harmony gold, the biggest gold mining company in South Africa. Patrice Motsepe also founded African Rainbow Capital, a multimillion dollar investment firm with diverse investments in listed and unlisted companies. The firm through it's subsidiaries, has invested on a wide range of companies operating in different sectors, like asset management, banking, healthcare, life insurance, telecommunications, construction, agriculture and energy. African Rainbow Capital has significant stakes in over 50 companies including, mobile network operator Rain, South African digital bank tymebank, and one of south Africa's leading financial services company, Alexander Forbes. Patrice Motsepe also owns Mamelodi Sundowns, one of the biggest soccer clubs in Africa. He also owns a 37% stake in blue bulls, one of the biggest rugby teams in the country. Patrice Motsepe was also elected as the president of the confederacy of African football in 2021, a position he continues to hold today. He is married to Dr Precious Motsepe, a business woman who started her career in medicine , working in various public and private hospitals in south Africa. In 2019, She was elected as the chancellor of the University of Cape Town, the highest ranking university in Africa. Dr Precious Motsepe began her 10 year term as UCT's chancellor on January 1st, 2020. Patrice Motsepe is Africa's richest black person, and Precious Motsepe is one of the richest woman in South Africa. The couple has 3 children together, and their net worth is estimated at $3.4 billion.