South African Billionaire Patrice Motsepe's Net Worth Rebounds To 3 Billion After 300 Million Gain
- South African billionaire Patrice Motsepes net worth hits 3 billion, gaining 300 million in two weeks after a February decline.
- A 40 rise in Harmony Golds stock lifted its market value to 7.7 billion, increasing Motsepes stake to 913 million.
- African Rainbow Minerals earnings fell 49 in H1 2025, prompting a strategic review as Motsepe considers selling his Harmony Gold stake.
After a 100 million drop in his net worth back in February, South African billionaire Patrice Motsepe has seen a significant recovery in the past two weeks. His net worth has surged to 3 billion for the first time since August 2024, marking a strong comeback.
Motsepes net worth hits 3 billionAccording to Forbes , which tracks the worlds wealthiest individuals, Motsepewho holds the title of the richest Black person in Southern Africahas gained 300 million over the past two weeks, with his fortune increasing from 2.7 billion on February 28 to 3 billion.
This is linked to his 11.8 percent indirect stake in Harmony Gold, a gold mining company operating in South Africa, Papua New Guinea, and Australia. Its share price has risen nearly 40 percent this year, pushing its market capitalization to R141.7 billion 7.7 billion. As a result, Motsepes stake has climbed to R16.72 billion 913 million, approaching the 1 billion mark.
The strong year-to-date increase in Harmony Golds share price has helped offset the drop in the market value of Motsepes 45.9 percent stake in African Rainbow Minerals ARM, his flagship mining company. ARMs stock has fallen nearly 5 percent this year, impacting its year-to-date returns and market capitalization.
Harmony Gold profit rises, ARM strugglesWhile Harmony Gold reported solid results for the six months ended December 31, 2024 H1 2025with revenue up 19.3 percent to R35.45 billion 2 billion and net profit increasing 33 percent to R7.93 billion 445 millionARM has faced challenges.