Patrice Motsepe South Africa's First Black Billionaire

Patrice Tlhopane Motsepe is Executive Chairman of African Rainbow Minerals Limited, ARM, a leading, niche-diversified mining and minerals company, based in Johannesburg, South Africa. African Rainbow Minerals, with 2007 revenue of $875 million. Forbes estimates Motsepe's net worth at $2.4 billion.

Motsepe became the first black partner at Johannesburg's Bowman Gilfillan law firm, before starting a low-level conracting business doing mine scutt work. Bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style.