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More moola for Patrice Motsepe

More moola for Motsepe

Posted: 2010-03-11 09:40

Mamelodi Sundowns' fans have reason to smile ahead of the new season. The pockets of their president, Patrice Motsepe, have just got deeper and fuller with cash.

Motsepe (48), who, according to Forbes Magazines' latest list of billionaires released yesterday, is now worth more than R17-billion after adding a further R7-billion to his net worth last year.

South Africa's first black billionaire lost some of his fortune earlier after the global recession but made up his losses as result of rising stock prices and South African Rand's strength against the dollar.

The self-made mining magnate is listed in position 421 on the global list; the same position as occupied by South Africa's other billionaire, Johan Rupert and his family. (For the record, Chelsea owner Roman Abramovich is ranked 50th on the world list).

Motsepe was born in Soweto, trained as a lawyer before becoming the first black partner at Bowman Gilfillan law firm in Johannesburg.

He started starting a contracting business doing mine scut work, then bought low-producing gold mine shafts in 1994, turned them profitable using lean, mean management style.

Motsepe's African Rainbow Minerals (ARM) now has interests in a wide range of minerals: platinum, nickel, chrome, iron, manganese, coal and gold.

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Gucci Man: 2010-03-11 10:00

Wow! I have so much respect for this gentleman, Mr president ...We're proud to have such icon in our country .

From 4billion to 7 billion= That's fantastic
Well done Mr President .

Big up to you Mr president

Gucci Man: 2010-03-11 10:02

I guess that means more donkeys,skunks and cows will be signed next season.

Playapresident: 2010-03-11 10:03

"Mamelodi Sundowns' fans have reason to smile ahead of the new season. The pockets of their president, Patrice Motsepe, have just got deeper and fuller with cash."

why should they happy? haha ha thats a stupid thing to say..its his money not theirs..pls write better stuff

SIBUSISO: 2010-03-11 10:09

TTM, khuza lena mihlolo ndoda before it gets out of hand. Its fair enough this guy has got lot of money. Who ever wrote this, why he said sundowns fans have a reason to smile. This is his money which has been generated from his other business not from sundowns as a team.

Secondly....really, not that I'm jealous or whatever kak has to go with that.....WHAT IS THIS STORY HAS TO DO WITH SOCCER????? Please who ever wrote this story must go to the toilet and service him/herself......THIS IS PURE KAK!!!!!!

Kali: 2010-03-11 10:11

KUKIE IS ANGRY BECOZ THE BOSS OF THAT UNDERPERFORMING CLUB IS NOT LISTED EVEN IN HIS OWN COUNTRY! Hahahaha!!

Kali: 2010-03-11 10:14

PLAYAPRESIDENT
We all know Mr. Motsepe used HIS money to finance the buying of players at Downs. What the story wants to ask is: "will we see more signings since Mr. Motsepe has become even wealthier?" Don't be jealous man, that's a female trait. Unless of course you are female....

pappas: 2010-03-11 10:18

MR EDITOR JOU MOER. GET A LIFE WE DON'T TO KNOW ABOUT THIS STUPIDITY.

DR NDIVHUWO: 2010-03-11 10:20

by now i think gogo Kaizer Motaung have given hope of catching Motsepe. this means Zim chiefs will be able to buy and stop this free free staff.

BrokeFan: 2010-03-11 10:25

"The self-made mining magnate"...not so fast KickOff. Not to take anything away from this man I highly respect, here is a bit of history I know that might have well contributed to his success:

Chief Augustine Butana Chaane Motsepe (Patrice's father), "led his tribe, Bakgatla-Ba-Mmakau, in successful protests to force a Canadian company, Leuka Minerals, to pay royalties on vanadium being mined on the tribe's land" (IOL, June 25 2007).

I highly respect him for turning his father's legacy to multibillion dollar profits. The R7b more is good news indeed to him and Sundowns. Congratulations Mr President, Johan Rupert and his family for flying the SA flag higher.

KaMashobana: 2010-03-11 10:50

SIBUSISO:

Take it is dont sound like that b.i.t.c.h Helen Zille who will criticise anything black or ANC.The president has worked for his money
and we should be proud of him as South Africans.The good thing about him is that he is not eating alone!!!!

Guluva will get there one day ,I m told his personnal weath is sitting at 7 billi....nxa oooops...i mean 7 million.But withhis buy one get one policy, he is saving a lot.

Playapresident: 2010-03-11 10:54

no jealous bafwethu, but why should the fans be happy?

Sweyts: 2010-03-11 11:11

BrokeFan: 2010-03-11 10:25 [ Report ]

I'm impressed by your sudden maturity with regards to this commemnt you've just made, jealousy eats you up from the inside... it ai'nt good.

Sbusiso mnaka, nyalo sowuqala k'hluleka k'cabanga.....Patrice is a true 'capitalist ******'.

Any other 'cheeseboy' out there would have failed to expand their inheritance like this man has. He's an icon for all ambitious people to look up to, hail the president!

Just keep buying us quality whilst keeping the cream of the crop we already have, that's all we Sandawanas need from you!

Thabo: 2010-03-11 11:31

typical of the media, just because a person is black and successful he has to come from soweto. motsepe was born in soweto my foot. motsepe was born, bred and buttered in mmakau next to ga-rankuwa. we are not going to let you guys take away our most prized asset.

motsepe ke wa pitori, finish and klaar.

thabo sekhu
2370 zone 2 , ga-rankuwa

Jingotres: 2010-03-11 11:36

Motsepe is showing that you don't need to "KILL" or be a MAFIA to be topnotch......Mabjoko"Nxondo"Brains"..
Well done Mr President.

"Ka Bo Yello": 2010-03-11 11:41

Some ppl were saying motsepe is wasting his money and he will end up bankrupt..what did u say then playapresident,sibusiso,pappas..1st zim chips & piecity include motsepe's money when commenting about Sundowns now...Whats the difference now

Sweyts: 2010-03-11 11:43

Thabo: 2010-03-11 11:31 [ Report ]

Motsepe ke wa pitori, finish and klaar.!!!! "Ke wa rena"! Lol! Thibo`s!

S'kawara mogotsi, Soweto's history of producing fine talent over the years is the reason the writer never bothered to do proper research on Patrice 'sejabana' Motsipe! lol!
Was that his nickname before the windfall or was it after that? lol!

BrokeFan: 2010-03-11 11:50

Sweyts: 2010-03-11 11:11

What did I say that makes u think I am jealous? I respect this man for what he has achieved in life. But all I am saying is that we should not forget the man that contributed to his success [His father whom I also respect, may his soul rest in peace]. The late ABC Motsepe is one of the founders of Sundowns, one of the reasons why his son bought this team he loves so dearly. I have nothing negative about the Motsepes they are an inspiration to many South Africans.

This article has something that makes us deviate from the forum's puporse: SOCCER. Let's talk soccer and soccer only

BrokeFan: 2010-03-11 11:51

Sweyts: 2010-03-11 11:11

What did I say that makes u think I am jealous? I respect this man for what he has achieved in life. But all I am saying is that we should not forget the man that contributed to his success [His father whom I also respect, may his soul rest in peace]. The late ABC Motsepe is one of the founders of Sundowns, one of the reasons why his son bought this team he loves so dearly. I have nothing negative about the Motsepes they are an inspiration to many South Africans.

This article has something that makes us deviate from the forum's puporse: SOCCER. Let's talk soccer and soccer only

"Ka Bo Yello": 2010-03-11 11:54

Some ppl were saying motsepe is wasting his money and he will end up bankrupt..what did u say then playapresident,sibusiso,pappas..1st zim chips & piecity include motsepe's money when commenting about Sundowns now...Whats the difference now

FRANCO: 2010-03-11 12:05

As I write this, I'm at Bosman making bus bookings 4 fellow S.Africans who must come 4 interviews.

I was just approached by a very young boy who is supposed to be at school.He said his name is Thabang and he is no-way above 16 yrs.

The emotional thing is that he asked 4 bread only. Not money or even a drink.

He pointed at a rubbish bin behind the parking lot as his bedroom.

Anyone in PTA who can go to Bosman bus station and ask 4 Thabang will really be touched.

We need the Motsepes of this country to save this souls.

Sweyts: 2010-03-11 12:25

BrokeFan: 2010-03-11 11:51 [ Report ]

What did I say that makes u think I am jealous????.... Nothing at all Broke one, I was infact applauding you for not being envious but objective....it was'nt an accusation.

Franco, I can relate to that broe.... That's why I will always give my last rand to that beggar at the robots even when we are constantly told not to do so because we are encouraging it.

But then my stance is who am I to judge? You'll never know if they are genuine or not, so just give bhut' wam if you can the creator will bless you with happpines.

Pearl : 2010-03-11 12:36

Tjho

Ive never heard other MEN ululating for another mans money, Circus supporters Motsepe's success is soooo on the side, dnt merge it with the pathetic Sundowns, im sure the guy doesnt even mention circus when he's abroad on meetings

Anyway, on the business front ive always admired the man and his wife off course..they'r doing exceptionally well..but how is this relevant 2 soccer, why dnt u rather do an audit on how much he's spent on players who've actually delivered and those who havent..that wud be more relevant coz really i can google all this

Sweyts: 2010-03-11 12:57

Pearl : 2010-03-11 12:36 [ Report ]

how much has he spent on players who've actually delivered and those who havent???

That`s the whole crux of the story Pearl, He has'nt lost a cent!
Not even izuka yak'dala! It's as good as being socially responsible by giving back to the community of the organised to him.

And about ululating for another man's moolah, it's just a natural human reaction to be captivated by bling for both ***es even worse so in females.

I mean how do you explain uMbau falling for uMandla when his grille 'teeth' are from a horror movie? lol. @least Patrice has got only his fashion sense/lack thereof to worry about.

TTM: 2010-03-11 13:05

SIBUSISO: 2010-03-11 10:09
He, he, he, you know that song boet called "It wasn't me" by Shaggy. LOL.

Pearl : 2010-03-11 13:09

Roflmao..Sweyts
Thats so mean, love is love, moolah n all hehehehe

No but bra losses in terms of spending sooo much for what, nje the last season when he bought a fleet of superstars 2 not even make the top 8..dude thats pathetic, n dnt deny it please..this article is not telling me anythng related 2 sundowns, except that u the fans must be excited..cmon now
Zuma
Vilakazi
Mbesuma
those 3 players alone cost him millions but what did they deliver??? Then he lets go of Jorge Acuna i looooved that guy(ok im goin off on a tangent lol) but
k i udstd tho that off course the infamous fidelity guards will be excited..so tell me whose he gna buy for 5million this season??

Busani: 2010-03-11 13:23

uzobathenga abathengise u-Motsepe... Abo Brokenfan, ngame 2cent comments, you just cannot admire and applause... Motsepe Snr's wealth was couple mils and then Jnr turned couples to milti-mils and them mils to billions. Brokenfan, you can discredit Busani, but Motsepe??? That is just stupid, stupid...

West Indian Chick : 2010-03-11 14:19

This story is so much related to football as much as the story that you Chiefs Fans always bring up regarding how much he loses money on buying playaz!Just like the way you sister Pearl is trying to do now.The FACT of the matter is that the writer is trying to point is that no matter how much you guys try to down play this man's success on/off the field he's just making money nothing else.For the record he's on 5th position in Africa as a whole.Thanx for your matured comment Brokie&good research too.How i wish you could do the same everyday!!!I expect consistancy DUDE!

SIBUSISO: 2010-03-11 15:02

Ok guy, I see lot of you dont get the picture here. Motsepe has got money and I'm not jealous of that. actually he is one person I would love to meet to teach how to become rich like this.

However, my argument was the article in KICKOFF.COM.....I belive, we discus football here not an individual's wealthy. I would understand if the topic was how much money he spent on buying players, including useless ones as well and how much those players has generated a profit for his club.....now that will be a relevent topic to comment on other than this

PEARL KHOSI LAMI, you are 100% correct, I dont see how is this relevent to soccer except ofcourse you are a sundowns fan then you will (not you KHOSI) hululate another man's money

TTM
hehehehee!!!!! I got that

"Ka Bo Yello": 2010-03-11 15:37

Couldn'agree with u more wonder...Picture this...Motsepe is broke..the sundowns staff will be concerned since probably they will get a wage cut..I remember the story of dyamos palyers who were always neva paid on time coz their boss was running on his own pocket/shoestring budget ..he would call them and explain his family problems.this and this debt blab blah .they would understand..not that family business has anything to do with soccer... anyway its always difficult to connince idiots coz they are jst that ....dumb(who can blame them)

Busani: 2010-03-11 15:44

Pearl, please be articulate, "im sure the guy doesnt even mention circus when he's abroad on meetings", how sure are you really, has he ever taken you to one of his meetings or have you been following his foreign visits closely??? I guess not... and if Sundowns fans are impressed, why are you no???, let me guess, you are having a jolly in freedom of fools, jealousy i.e... Some Chiefs fans really seek liberation... they are still so 1980, catch up haters!

Pearl : 2010-03-11 16:02

Busani

I dnt have 2 salivate over Motsepe's money, i do admire the guy yes but unlike u fans i dnt salivate..
Wonder
Im not jealous, im not hating dude cmon lol

Busani: 2010-03-11 16:03

Brokenfan, Mr. Researcher, research this, how many percent does Mr. Motaung the Chiefs chairman hold at Chiefs, how many percent did Doctor Kumalo inherit from his late dad who was a shareholder at Chiefs and how many percent does that makula company hold at chiefs????????? Now, betweem Motaung and Motsepe, who owns a soccer team and who holds a sit at the board of a soccer team??????

Leroele: 2010-03-12 08:24

Good for you Mr Motsepe.This goes to show,there is nothing more important than understanding logic

Sdudla: 2010-03-12 11:27

And where in Soweto was Mr Motsepe born Mr Editor...i thought he was from somewhere around Garankuwa or Brits or something...?

bennito: 2010-03-12 11:38

i call him brains he is realy good.