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Dr Patrice Motsepe, the first Black billionaire in Africa and the wealthiest Black individual in Southern Africa, has seen a significant increase in his net worth.

Dr Patrice Motsepe
Mamelodi Sundowns owner and CAF president Dr Patrice Motsepe.

The mining magnate’s net worth has risen by $200 million(R3 641 220 000,00) in just 17 days, following a recent dip that saw his net worth drop .

Motsepe’s success can be attributed to the recent share rally of African Rainbow Minerals (ARM), his mining group.

ARM’s shares have rebounded from a low of R149.94 ($8.2) in October to R166.3 ($9.1), highlighting the mining giant’s resilience in the face of market challenges .

Dr Patrice Motsepe’s Net Worth

Dr Patrice Motsepe’s net worth now stands at $2.4 billion, up from $2.2 billion on October 20.

IN OTHER NEWS: Impressive: Motsepe Buys Another Club

This financial recovery aligns with the surge in the market value of his 40.37% stake in ARM, a leading South African mining powerhouse involved in diverse mining projects, including iron, coal, copper, gold, platinum, and other precious metals .

Motsepe’s Recent Struggles

Earlier this year, Motsepe had become $1.1 billion poorer, largely owing to the faltering stock price of ARM.

However, the recent rally of stock improvements has bolstered his net worth.

Dr Patrice Motsepe Strong Business Acumen 

Motsepe’s recent financial recovery is a testament to his business acumen and the resilience of his mining group, African Rainbow Minerals.

The mining giant’s recent share rally has helped Motsepe’s net worth increase by $200 million in just 17 days, highlighting the company’s ability to overcome market challenges .

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