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South Africa’s Only Billionaire Donates Half Of Wealth To the Poor

By Victor O

Does it seem likely that a billionaire would promise to give away half his wealth for a worthy cause? As unlikely as that might sound, that is what South Africa’s only black billionaire Patrice Motsepe has pledged to do. Motsepe who has a net worth of $2.65 billion, has pledged to donate half his fortune to help the poor people in his country.
Who is the man Patrice Motsepe?
Born in the Johannesburg township of Soweto in South Africa, Motsepe learned to be hardworking from childhood. His work ethic was instilled in him with the help of his father who made him work at his family’s convenience store at an early age. A lawyer by training, Motsepe acquired most of his wealth from the mining conglomerate African Rainbow Minerals which he founded in 1997. The publicly-traded company that specializes in the mining of several valuable minerals, including platinum and gold, was established at a time when the market for gold was closest to its three-decade low level.
Motsepe, who Celebrity Net Worth describes as a “literal prince” of the Tswana Tribe, is one of seven billionaires in South Africa and the country’s only black billionaire. He is the owner of the Pretoria based soccer club Mamelodi Sundowns.
Giving to the Poor
Drawing inspiration from people like Microsoft founder Bill Gates and business magnate Warren Buffett, Motsepe decided to give half of his tremendous wealth to the aid of the underprivileged. According to him, the plan had been there for a while to give half his wealth to the disadvantaged and marginalized people in the country, but he was working to tie up all the loose ends to ensure the mission is not derailed along the way.
The money would be channeled through the Motsepe Foundation to help address health and educational issues confronting the poor. According to BBC News, the black billionaire said his charitable gesture was also influenced by the spirit of “Ubuntu,” an African belief system which translates into “I am because you are.”
Motsepe is also one of more than 70 billionaires, including Gates and Buffett, who have joined The Giving Pledge. The campaign aims to bring notable and wealthy figures around the world together to contribute part of their wealth toward assisting underprivileged people. Gates, who started The Giving Pledge with Buffett in 2010, has commended Motsepe for his generous deed toward the less fortunate.

 

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Comment by Valko on August 2, 2015 at 1:27pm

If Obama were to politically behave as TSmiley and CWest would desire, he would not have won a second term let alone mortally survive his first...Obama is a great President but unfortunately the wrong color for fringe America's immaturity and irrationality...Obama Presidency have accomplish a much needed lesson to our Black youth, do you recall a time when the Black and Brown Collective were so politically engage and empowered. His legacy is yet to be understood and fully embraced...stay tuned my friends.

Read more: http://www.caribbeanfevercommunity.com/profiles/blogs/south-africa-...

Comment by Al3x on August 1, 2015 at 1:31pm

And ignorant ass Americans worship obama for doing nothing,especially the blacks.

Comment by Big Woman on August 1, 2015 at 4:34am
What a wonderful thing to do.
Comment by J Brown on July 31, 2015 at 3:13pm
I hope it's true not a hoax, what an awesome gesture.
Comment by vaughn mitchell on July 31, 2015 at 2:20pm

That man is the definition of a hero. He is blessed.

Comment by Sandra Fuller on July 31, 2015 at 11:33am

We need more people in the wworld like him!

Comment by gloria mcwilliams on July 31, 2015 at 2:21am
Money
Comment by Petra Renee' on July 30, 2015 at 9:32pm
Much RESPECT!!
Comment by Chelleboo on July 30, 2015 at 7:16pm
Wish we could see that on television Plenty of our men of color should see what true humanity looks like!
Comment by conscious1 on July 30, 2015 at 6:03pm

The way it was ordained!!!!!  BIG UP!!!!!!!

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