Patrice Motsepe's fortune slashed in half

In fact since Forbes Africa magazine was launched and featured Motsepe on the cover in 2011, the mega wealthy SA billionaire has lost a whopping two thirds of his fortune.

You can go to www.forbes.com and look at his wealth in real time. His wealth dropped from $3.3 billion to $1.1 billion in five years.

Chris Bishop, Forbes Africa Managing Editor

In 2014 Motsepe's wealth was cut in half. Commodity prices falling and the weak rand have made this past year a bleak economic period for the likes of SA's top businessmen. And Motsepe with his mining interests, has been one of the hardest hit.

Other factors have been that electricity costs have risen. But also Motsepe has been on a give-away of his wealth, touring the country and giving away burseries, which will also have an impact.

Chris Bishop, Forbes Africa Managing Editor

Though Motsepe is down to his last $1.1 billion, Bishop says he does not see him being poor or destitute any time soon.

But the rand has played a big factor, as has exposure to commodities and trading.

Chris Bishop, Forbes Africa Managing Editor

Listen to Bishop chatting to Bruce Whitfield about the plight of the rest of the top six SA businessmen effected by our weak economy. Despite this South Africa still dominates the list of richest men in the world and has done for a number of years.


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