* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Tuesday, July 8, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Government whip to withdraw Entertainment Complex Bill on July 9 – Nation Thailand

    Magicians and Battlebots light up Las Vegas entertainment scene – KSNV

    Magicians and Battlebots Take Las Vegas Entertainment by Storm

    Max-Matching Entertainments & Longhua District form partnership for new entertainment complex – Blooloop

    Max-Matching Entertainments and Longhua District Unite to Launch Thrilling New Entertainment Complex

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    Kennedy Publishing, MGA Entertainment Launch Yummiland Magazine – License Global

    MAY HER SOUL REST IN PEACE 🙏 Veteran entertainment columnist and talent manager Lolit Solis has passed away. She was 78 years old. https://tinyurl.com/6kumarkx | LatestChika.com – Facebook

    Beloved Entertainment Icon Lolit Solis Passes Away at 78 – A Life Remembered with Love and Respect 🙏

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

    Technology And Construction Names Join Top Stock Lists: Check Out Additions To IBD 50, Big Cap 20 And More – Investor’s Business Daily

    Technology and Construction Leaders Surge Into Top Stock Rankings: See the Latest Additions to IBD 50, Big Cap 20, and More

    Column: Teach kupuna new technology skills – Honolulu Star-Advertiser

    Empowering Kupuna: Unlocking New Technology Skills for a Connected Future

    EIFO invests $5 million in D3, the Ukraine-focused defence technology venture fund – sUAS News

    EIFO Pledges $5 Million to Supercharge Ukraine-Focused Defense Technology Fund

    New Technology for Water Efficiency and Working with Mexico on Screwworm – AG INFORMATION NETWORK OF THE WEST

    Revolutionary Water Efficiency Technology and Cross-Border Collaboration to Defeat Screwworm

    Environmental cognitive distance, R&D capability distance, and supply chain green technology innovation – Nature

    Bridging Gaps: How Environmental and R&D Differences Drive Green Technology Innovation in Supply Chains

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Business

See How Africa’s first Black billionaire Patrice Motsepe, Gains $200 million

June 22, 2023
in Business
See How Africa’s first Black billionaire Patrice Motsepe, Gains $200 million
Share on FacebookShare on Twitter

Patrice Motsepe, the billionaire from South Africa, has received a favorable surge in his wealth, reclaiming a portion of the losses he encountered earlier this year.

According to Forbes data, Patrice Motsepe’s net worth has risen by $200 million in the last 19 days, reaching $2.5 billion. This boost in wealth is attributed to the increased market value of his private investments, which includes his stakes in TymeBank, a digital-only bank.

Motsepe, who achieved a groundbreaking milestone in 2008 by becoming the first black African billionaire on the Forbes list, experienced a net worth decrease of $100 million from the 12th of May to the 2nd of June. This decline has contributed to his total year-to-date losses, which now amount to $900 million.

Nevertheless, a recent positive development has seen his fortune increase by $200 million, which has helped mitigate his losses to $700 million. Despite this improvement, Motsepe remains among the select group of African billionaires who have experienced a decline of over half a billion dollars in wealth throughout this year.

Despite facing this setback, Patrice Motsepe continues to hold the position of one of Africa’s wealthiest businessmen, and he still maintains the prestigious title of being the richest black billionaire in Southern Africa.

Patrice Motsepe business ventures

A significant portion of Patrice Motsepe’s wealth stems from his ownership of a 39.7-percent stake in ARM, a prominent South African mining and minerals company. ARM holds strategic positions in a diverse range of metals, such as iron, coal, copper, gold, and platinum. This investment plays a crucial role in contributing to Motsepe’s overall wealth.

Despite a decline of over 28 percent in ARM’s share price since the start of the year, Motsepe’s ownership remains significant, with a valuation of R19.33 billion ($1.05 billion). 

Motsepe’s accomplishments extend beyond the mining sector, as he holds control over TymeBank, the prominent digital bank in South Africa, through his investment company African Rainbow Capital (ARC).

TymeBank recently achieved a significant milestone by surpassing 7 million customers. Strengthening its growth ambitions, the bank successfully secured a substantial investment of $77.8 million during its pre-Series-C funding round, just four weeks ago.

Motsepe’s impressive multimillion-dollar recovery showcases his resilience in maneuvering through volatile markets and underscores the immense potential of digital banking in Africa. With a diverse portfolio, this billionaire is well-positioned to seize future opportunities, reaffirming his prominent stature in South Africa’s business arena.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : BusinessElitesAfrica – https://businesselitesafrica.com/2023/06/21/see-how-africas-first-black-billionaire-patrice-motsepe-gains-200-million/

Tags: Africa’sbusinessFirst
Previous Post

See How Flutterwave And Audiomack Are Expanding Monetisation Opportunities For African Artists

Next Post

Canadian man faces up to 280 years in prison for defrauding elderly Americans in $175M scheme

AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

July 8, 2025
Brewers chase All-Star Yoshinobu Yamamoto with 5 runs in 1st inning, hand Dodgers their 4th straight loss – Yahoo Sports

Brewers chase All-Star Yoshinobu Yamamoto with 5 runs in 1st inning, hand Dodgers their 4th straight loss – Yahoo Sports

July 8, 2025
An episodic burst of massive genomic rearrangements and the origin of non-marine annelids – Nature

Explosive Genomic Shifts Ignite the Evolutionary Rise of Land-Dwelling Annelids

July 8, 2025
Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

Earth is going to spin much faster over the next few months — so fast that several days are going to get shorter – Live Science

July 8, 2025
Putnam Museum and Science Center Ribbon-Cutting July 12 – River Cities’ Reader

Putnam Museum and Science Center Ribbon-Cutting July 12 – River Cities’ Reader

July 8, 2025
New Miiro Lifestyle Hotel Brand Expands Further In Europe – Forbes

New Miiro Lifestyle Hotel Brand Expands Further In Europe – Forbes

July 8, 2025
Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

Dino Might!: ‘Jurassic World Rebirth’ Bows To $318.3M Global In Biggest Studio Opening Year-To-Date WW; ‘F1’ Nears $300M’ & ‘Dragon’ Tops $500M – International Box Office – Deadline

July 8, 2025
As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

As a Nation’s Economy Slows, Some Say It’s No Time for a Free Lunch – The New York Times

July 8, 2025
Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

Longhua District and Max-Matching Entertainments, supported by RWS Global forge strategic partnership to develop international IP-themed entertainment complex – Amusement Today

July 8, 2025
The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

The 63 Best Amazon Prime Day Health & Fitness Deals, Up to 85% Off – health.com

July 8, 2025

Categories

Archives

July 2025
MTWTFSS
 123456
78910111213
14151617181920
21222324252627
28293031 
« Jun    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (710)
  • Economy (735)
  • Entertainment (21,623)
  • General (15,773)
  • Health (9,773)
  • Lifestyle (740)
  • News (22,149)
  • People (735)
  • Politics (744)
  • Science (15,952)
  • Sports (21,234)
  • Technology (15,719)
  • World (716)

Recent News

AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

AI and the Trust Revolution: How Technology Is Transforming Human Connections – Foreign Affairs

July 8, 2025
Brewers chase All-Star Yoshinobu Yamamoto with 5 runs in 1st inning, hand Dodgers their 4th straight loss – Yahoo Sports

Brewers chase All-Star Yoshinobu Yamamoto with 5 runs in 1st inning, hand Dodgers their 4th straight loss – Yahoo Sports

July 8, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version