South Africa's richest black person loses $700 million in 3 months

Billionaires Africa | 08.06.2026 23:17
On Jan. 28, 2026, gold hit $5,589 an ounce. It was an all-time high, and Patrice Motsepe was riding it harder than almost anyone on earth. His net worth had climbed from $3.7 billion at the start of the year to $4.3 billion by early March, a $600 million gain built almost entirely on two mining stocks he has held for decades.
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