Patrice Motsepe is not only one of the richest individuals in South Africa, but he is also one of the richest black men in the world. Having risen from the dust, he now controls a fortune in the excess of $2 billion, which he makes from his mining business and many other investments. For someone who has worked very hard to raise his fortune, he enjoys all his hard work by getting the best that money can afford. He lives in one of the best mansions in the whole of South Africa and has many exotic cars that bill into the millions.
Motsepe was born in 1962 in his home country of South Africa, which is also where he was brought up in a business-oriented family. He first learned the art of business, which would turn out many years later to make him a billionaire, from his father who ran a small shop. His time in the shop also opened him up to the mining business as he came in contact with miners who always visited.
Summary of Patrice Motsepe’s Personal Profile
- Name: Patrice Tlhopane Motsepe
- Nationality: South African
- Date of Birth: 28 January 1962
- Wife: Precious Moloi-Motsepe (1989)
- Net Worth: $2.1 billion (2020)
- Sources Of Wealth: Mining and other investments
- Toys: cars, mansions, a Hawker 4000 jet, and Mamelodi Sundowns
He Has A State Of The Art Home In Cape Town
Back in 2014, the Mamelodi Sundowns owner splashed a massive R69 million on acquiring a home in Bishopscourt, Cape Town. The property occupies a 12,000m² plot. Initially, the property was put in the market for R98 million before it was reduced by R20 million, but the businessman was able to beat it down.
The luxurious mansion has both the main residential wing, as well as the staff wing. It has everything one could ask for in a mansion that expensive; six bedrooms, each with a dressing room, a dining room that can accommodate 24 people, a music room, a cinema, as well as a wine cellar. The mansion also boasts of a gym, swimming pool, a tennis court, and a billiard room. One thing that is more impressive than the 10-bay garage that it has, is another bay that is specially designed for cars to be washed.
Val de Vie Estate
In 2016, Motsepe acquired a 20% stake in Val de Vie Investments, which makes him a part-owner of the estate. Although the amount he churned out for the property has not been revealed, it is stated that it was one of the most impactful deals for Val de Vie. More so, it was revealed in a statement that a plot of 2000 m² went for R9 million.
As part of the deal, Patrice Motsepe got the entire first phase of Pearl Valley. In addition to that, he also got a hotel site upon which the Mantis Collection Pearl Valley Hotel was being developed, a 34-hectare equestrian farm, the clubhouse, as well as a Jack Nicklaus Signature Golf Course, and 80 plots that have not been serviced and 120 un-serviced residential plots.
Apart from this mansion, he sure has other properties that drive into the millions, as well as the land he was said to have bought in one of Cape Towns’ special areas. He spent R30 million on purchasing the land.
Here is a list of his properties
- An R69 million 12,000m² mansion in Cape Town
- R30 million-land in Cape Town
- A luxury property estate Val de Vie
Patrice Motsepe Has Some Very Expensive Cars
The high taste of Patrice Motsepe in his house does not differ from his taste in cars; he wants them sweet and sleek. The billionaire investor has many cars that cost him millions of Rands. Let’s take a look at some of his cars below.
Bentley Continental GT
Among the car collection of the South African mining billionaire is a Bentley Continental GT, which he bought some years ago. The exquisite ride features what could be termed as one of the best technologies one could get in any Bentley. Completely built by hand, this car has limitless customization options, and it comes with a twin-turbocharged W12 engine, as well as a 6.0 litre, 48V Active Roll Control system, and a maximum speed of 207 mph / 333 km/h. It is smooth, fast, and efficient, thanks to the 8-speed dual-clutch transmission it features. To get this baby today, you will be ready to spend as much as $207,000, which is well above R3.373 million.
Mercedes Benz S65 AMG
A mega-Luxo sedan car that boasts in comfort and a style that beats, the Benz S65 AMG is a car designed for high performance, which easily explains why anyone would put in more than R3 million Rand to get it. The car comes with a twin-turbocharged and intercooled SOHC 36-valve V-12 engine, has 5-speed automatic with manumatic shifting for its transmission. From a standstill, this piece can hit an amazing 200km/h in 13.3sec! The speed of the ride is 250km/h, and it has a power of 450kW @ 4750-5100rpm. The 2007 version of this car, which is what the billionaire has, costs a whopping $191,215, which amounts to R3.2 million.
2007 BMW 750 Li
This luxurious sedan car features a 4.8 Litre V-8 engine, a horsepower of 6,300 rpm, as well as a 6-speed Steptronic automatic transmission. You can either select the Sport or Manual shift mode. Like most other things a man like Patrice would get, this well-detailed car has many luxury features. To get the car today, one may have to spend about $78,000 or over R1.315 million.
BMW 760 Li
The second BMW in the garage of Patrice Motsepe, this luxurious car features a twin-turbocharged 6.6-liter V12 engine and has a power of 5500rpm. In just 3.9sec, the ride can pump as much as 62mph. It has an eight-speed automatic transmission. To own this car today, one may have to spend $278,000, which translates to over R4 million.
Apart from all the cars above, Patrice Motsepe has several other cars, which have not been listed in the public domain, and he is said to have also bought an Audi RS4 for one of his kids.
Some of the other cars in Patrice Motsepe’s Garage include:
- Bentley Continental GT- $207,000 (R3.373 million)
- Mercedes Benz S65 AMG– $191,215 (R3.2 million)
- 2007 BMW 750 iL– $78,000 (R1.315 million)
- BMW 760 Li– $278,000 (over R4 million)
He Also Has A Private Jet
It is not just exquisite cars and a state of the art mansion that Patrice Motsepe has. He also has a private jet in his collection of toys. The jet, which has been said to be a Hawker 4000 business jet, sells for more than $20 million.
Although not so much attention has been given to this in relation to his many other toys, it is known that he once shared it with American rapper, 50 Cents.
Patrice Motsepe’s Path To Becoming A Billionaire First Started As A Lawyer
Patrice Motsepe started his career life as a lawyer after he graduated from the University of the Witwatersrand with a law degree. He practiced for a while and rose to become the first black partner at Bowman Gilfillan law firm before he decided to join the mining industry after Nelson Mandela became president and chose to promote black empowerment and entrepreneurship.
He founded the Future Mining, and then, the African Rainbow Minerals after he bought some gold mines from AngloGold. Before long, he paid the debt that came with the purchase of the mines and started building his fortune. Patrice Motsepe diversified first by getting into the financial sector with the formation of Ubuntu-Botho Investments (UBI), which would later start the African Rainbow Capital (ARC) under which various other companies counting up to forty would come, including luxury property estate Val de Vie, TymeBank, industrial group Afrimat, and telecommunications company Rain among many others.
Patrice has also thrown his entrepreneurial net into the sporting world where he owns a major stake in Blue Bulls Rugby Union, even as he is the owner of the PSL 2020 champions, Mamelodi Sundowns F.C. Thanks to all these investments, he enjoys a net worth that has been estimated at a massive $2.1 billion in 2020. This is what has fuelled his luxurious lifestyle of big mansions, cars, and a jet.