Patrice Motsepe, president of the Confederation of African Football (CAF) and founder of African Rainbow Minerals (ARM), has grown his fortune to $3.4 billion, according to Forbes. The mining mogul’s net worth surge follows a strategic shake-up at ARM, including the closure of its unprofitable Cato Ridge manganese plant and a $25.7 million asset sale to Assore. ARM is also set to earn $51.1 million from the sale of its stake in Malaysia’s Sakura Ferroalloys, once again to Assore. Motsepe’s savvy in mining, finance, and private equity—along with his sports leadership roles—has solidified his status as one of Africa’s most influential billionaires. From reviving defunct gold mines to leading African football, he has proven that you can influence boardrooms and stadiums alike.
