Patrice Motsepe
- Net worth $2.5 billion
- Status -
- Country South Africa
- Source(-s) of wealth Businessman, Entrepreneur, Philanthropist
How much is Patrice Motsepe Worth? Patrice Motsepe Net Worth in 2026
Patrice Motsepe’s net worth is estimated at $2.5 billion as of November 2026. The founder of African Rainbow Minerals holds his fortune through family trusts that own 90 million ARM shares and a controlling 61 percent of Ubuntu-Botho Investments, the empowerment group that owns 292.5 million Sanlam shares. That second, indirect stake is now worth more than his famous mining one.
| Net worth | $2.5 billion (our estimate, range $2.0 billion to $3.3 billion) |
|---|---|
| Estimated annual income | About $65 million in ARM dividends before tax, plus R38.46 million of 2025 pay |
| Age | 64 |
| Country | South Africa |
| Known for | Founder and chairman of African Rainbow Minerals, founder of African Rainbow Capital, president of the Confederation of African Football |
| Main income sources | ARM shares, indirect Sanlam stake, African Rainbow Capital investments |
How much is Patrice Motsepe worth in 2026?
We estimate $2.5 billion. Two listed stakes, priced on the Johannesburg Stock Exchange on November 10, 2026 and converted at R16.58 to the dollar, make up more than 70 percent of it. The rest comes from private investments held through African Rainbow Capital, valued from a 2026 Sanlam deal and a 2024 funding round, plus an allowance for cash and other assets. We count only the share of Ubuntu-Botho that his family trusts own, not the part he oversees as a trustee for a community trust.
How we got to $2.5 billion
| Source | Our estimate | What it rests on |
|---|---|---|
| African Rainbow Minerals | $834 million | 90,021,061 shares at R153.53 is R13.82 billion. |
| Sanlam, through Ubuntu-Botho | $961 million | Ubuntu-Botho holds 292,471,806 Sanlam shares, worth R26.13 billion at R89.34. His family trusts own about 61 percent of Ubuntu-Botho, per Sanlam’s 2020 director disclosure, the latest we could open. No Ubuntu-Botho debt is published. |
| African Rainbow Capital fund portfolio | $199 million | In March 2026 Sanlam agreed to pay R3.2 billion for a 25 percent economic interest in this portfolio of non-financial investments, which values it at R12.8 billion, Shore Africa reported. We take the remaining 75 percent, then our assumption that 56.4 percent of it belongs to his side (a figure we saw only in a filing summary, not the filing), and his 61 percent of that. |
| Tyme Group | $366 million | A 40 percent indirect stake through African Rainbow Capital in a group valued at $1.5 billion in December 2024, times his 61 percent. That valuation is almost two years old. |
| Cash, Mamelodi Sundowns and other assets | $150 million | Our assumption. He receives about R1.08 billion a year in ARM dividends before tax, and his family owns the Sundowns football club, but no balances or values are published. |
| Total | $2.5 billion | $2.51 billion before rounding. |
The insurer that outgrew the mines
ARM is the stake with his name on it, and 2026 has been rough for it. The shares closed 2025 at R198.90 and were down to R144.25 by late October, a 27 percent fall, Billionaires.Africa reported. They recovered a little to R153.53 by November 10, per market data. Our calculation: the drop from the year-end price still costs his holding R4.08 billion, about $246 million.
The Sanlam connection is quieter and bigger. Ubuntu-Botho was set up in 2004 as Sanlam’s empowerment partner. A Sanlam directors’ report says the company that owns Sizanani, Ubuntu-Botho’s controlling shareholder, is held by trusts for Motsepe and his family, except for the Motsepe Foundation’s share. At R89.34 a Sanlam share, his look-through slice is worth R15.94 billion, more than his ARM shares. If you counted all of Ubuntu-Botho’s Sanlam shares as his, which some do, you would add another $615 million that is not his to spend.
From mining contractor to chairman
Motsepe trained as a lawyer and became a partner at Bowmans. In 1994 he started Future Mining, a contract mining business, then formed ARMgold in 1997, which listed in 2002. About a year later ARMgold merged with Harmony Gold and Anglovaal Mining, and Anglovaal was renamed African Rainbow Minerals. He was its executive chairman for more than two decades and became non-executive chairman on February 16, 2026. ARM paid him R38.46 million for 2025.
ARM paid R12 a share for the year to June 2026, about R1.08 billion to his trusts, including a R7 final dividend paid on October 12. He has been president of the Confederation of African Football since 2021, and in 2013 he and his wife, Precious Moloi-Motsepe, joined the Giving Pledge, committing at least half of the family’s wealth to charity.
Why other estimates disagree
Most public estimates are higher than ours. The usual reason is Ubuntu-Botho: counting its whole Sanlam stake, or the extra 20 percent he controls only as a trustee, adds hundreds of millions of dollars that do not belong to his family. ARM’s 2026 slide also means estimates from early in the year are well out of date, and private holdings like Tyme Group are valued very differently from one estimate to the next.
What would move the figure
A new funding round or listing for Tyme Group would replace a 2024 price. ARM’s share price is the most volatile input: every R10 move shifts his stake by about $54 million. An updated Ubuntu-Botho ownership disclosure, or any debt inside it, would change the Sanlam row.
Patrice Motsepe net worth FAQ
What is Patrice Motsepe’s net worth?
About $2.5 billion as of November 2026 by our estimate, led by an indirect Sanlam stake worth about $961 million and ARM shares worth about $834 million.
How many ARM shares does Patrice Motsepe own?
90,021,061 shares, held through a company owned by family trusts, about 43 percent of the shares in issue.
How much did Patrice Motsepe make from ARM dividends in 2026?
About R1.08 billion, roughly $65 million before tax, from R12 a share for the year to June 2026.
What is Patrice Motsepe’s stake in Sanlam?
An indirect one: his family trusts control about 61 percent of Ubuntu-Botho Investments, which owns 292.5 million Sanlam shares.
When did Patrice Motsepe start in mining?
In 1994, with the contract miner Future Mining. ARMgold followed in 1997.
How is his net worth estimated?
We price his ARM shares and his look-through Sanlam shares at the November 10, 2026 close, value his private stakes from recent deals and add an assumed $150 million of cash and other assets.
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How we estimate net worth
Our estimates are based on public reporting, company valuations, and deal and earnings figures all compiled in an internal valuation model. They are approximate, and figures change over time as new information emerges.
Last updated: November 2026.
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