South African billionaire Patrice Motsepe has seen his net worth rise to $3.4 billion, up from $3 billion at the start of the year, buoyed by surging shares in Harmony Gold and African Rainbow Minerals (ARM).
Harmony Gold, where Motsepe holds an indirect 11.8% stake, is up 55% in 2025, pushing its market cap beyond $9 billion.
ARM, Motsepe’s flagship, has climbed 14%, lifting its valuation to $2.2 billion.
The combined value of his stakes in both firms exceeds $2 billion.
Beyond mining, Motsepe is expanding into digital finance through African Rainbow Capital (ARC). His major fintech holdings include:
Tyme Group: A digital banking firm now worth $1.5 billion, with Motsepe’s 40% stake valued at $600 million.
Lesaka Technologies: Recently acquired Adumo for $85 million, in ARC’s push for financial inclusion across Africa.
This surge in wealth reinforces Motsepe’s position among Africa’s top billionaires and deepens his influence in the continent’s mining and fintech sectors.
