Patrice Motsepe
Source of wealth: Mining
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The scale of their wealth
Health
The price of life
Let's compare Patrice Motsepe's fortune with the healthcare spending of a massive country
Patrice Motsepe could fund the entire healthcare system of DR Congo, with a population of over 105,800,000 people, for approximately 1.6 years.
But even if we compare their fortune with that of a rich country
On the other end, Patrice Motsepe could cover the healthcare spending of Luxembourg, considered the most heavily funded healthcare system in the world, for 0.7 years.
Education
Buying the future
Let's also compare their fortune with education spending, first with a poor country
Patrice Motsepe could cover the total cost of Nigeria's education system, the most populous country in Africa with over 243,000,000 inhabitants, for 1.1 years.
And yes, we can also compare it with a rich country
But they couldn't just cover the cost of a poor country; Luxembourg is considered the country with the highest per capita investment in education in the world, and Patrice Motsepe could pay for it entirely for 1.5 years.
Research
The monopoly on progress
Coming full circle, we think it's also interesting to add another gigantic country
Patrice Motsepe could fully fund the state research budget of Pakistan, the fifth most populous country in the world with over 260,000,000 inhabitants, for 6.2 years.
And of course, the country that invests the most per capita worldwide
But even if we compare the total wealth of Patrice Motsepe with Israel, the country that invests the most per capita in research in the world, they could cover the total cost of the system for 0.1 years.
Gold
Everyday luxuries
Patrice Motsepe's fortune is equivalent to 25 tons of gold. It's hard to process, since we don't usually keep a handful of gold bars in our piggy banks.
A standard gold ring usually weighs between 4 and 7 grams. Let's say this one weighs 5 grams. It's usually 18 karats.
Based on today's gold price (excluding the jeweler's commission, shipping, or anything else), that ring would be worth $546.86.
Patrice Motsepe could buy 6,691,892 gold rings. That's a lot of fingers and way too many gifts!!
And if you're struggling to visualize that many rings, it would take 1 trucks to transport them. Although Patrice Motsepe will almost certainly have enough money left over to pay for the gas.
Biography
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.
Financial Assets
Monthly wealth history
Fortune comparison
Historical data not available for comparison