Patrice Motsepe

Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list.

In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa.

Motsepe also has a stake in Sanlam, a listed financial services firm, and is the president and owner of the Mamelodi Sundowns Football Club.

In March 2021, Motsepe was elected president of the Confederation of African Football, the sport's governing body on the continent.

In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business.

In 1997, he bought low-producing gold mine shafts and later turned them profitable.

In 2013, the mining magnate was the first African to sign Bill Gates' and Warren Buffett's Giving Pledge, promising to give at least half his fortune to charity.

Motsepe benefited from South Africa's Black Economic Empowerment (BEE) laws, mandating that companies be at least 26% black-owned to get a government mining license.