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Big Heart: South Africa’s Richest Black Man Gives $1.3 Billion…

Furious | Urban Intellectuals   in  ·
May 18, 2015

BBC News – South Africa’s richest black man, Patrice Motsepe, has announced he is giving away half his wealth to improve the lives of the poor.

The mining magnate said the money would be handled by the Motsepe Foundation to address education and health issues.

He said he was inspired by the word’s two wealthiest men, Bill Gates and Warren Buffet, who are encouraging billionaires to donate to charity.

Mr Motsepe has a net worth of $2.65bn (£1.67bn), Forbes’ rich list estimates.

‘Part of our culture’

Born in the Soweto township, he is a lawyer by training and South Africa’s first and only black billionaire.

He founded the publicly traded mining conglomerate, African Rainbow Minerals, which has interests in platinum, gold, coal and other minerals.

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