father, and school teacher mother in Soweto. She helped supplement the family’s income while she was growing up by making and selling sandwiches.
gold mining company. His firm, African Rainbow Minerals (ARM), controls 19.8 percent of Harmony. His family trust owns 43.1 percent of ARM. In addition to his mining investments, Motsepe sits on the board of financial services giant, Sanlam.
In 1994, the same year as South Africa’s first free and fair election, Kumalo won the coveted title of Miss South Africa. Winning the crown not only catapulted her to fame, but also led to her establishing her production company Tswelopele Productions, which is responsible for the glitzy and immensely popular Top Billing show.
Forbes magazine rated him 642 on the world’s top richest list and he is considered to be South Africa’s first black billionaire with an estimated net worth of close to R28 billion as at March this year. "We have a country of exceptional business and entrepreneurial talent in both the black and white communities and we should build on that going forward, not as black and white, but as South African business.The strength of this country is its people," he says. In January last year, Motsepe became the first African to join Bill Gates’ and Warren Buffett’s Giving Pledge when he announced that he would give away half the income generated from assets owned by his family to the Motsepe Family Foundation. He has pledged to make R533 million available to his foundation over the next three to five years. The Motsepe Foundation invests in programmes focusing on education, health, unemployment, and the advancement of women.
In December 2011, China Investment Corporate purchased 25 percent of Shanduka for R2.6 billion. Ramaphosa first came to prominence in the 1980s as founder and promoter of the National Union of Mineworkers, created to improve the rights of black African workers. He also happens to be married to Patrice Motsepe’s sister, Tshepo.
In 1999, Tswelopele merged with Union Alliance Media and listed on the JSE. “Tertiary education is important simply because it’s one thing that no one can take away from you, coupled with life experience, it will stand you in good stead, no matter what life throws at you,” she says.
In May this year, Ramaphosa announced that he had completely divested his interests in Shanduka in order to fully commit to his political career. “I will continue to be involved in the Shanduka Foundation, a non-profit organisation that works in the areas of school development, skills development, and enterprise development,” he says.
Cyril Ramaphosa Currently Deputy President of South Africa, Cyril Ramaphosa is estimated to be worth R7.46 billion. His majorityblack-owned Shanduka Group owns stakes in Shanduka Coal, Seacom, MTN, Standard Bank, Liberty, Alexander Forbes, and has 70 percent shareholdings in the McDonald's South African subsidiaries and Coca-Cola bottling plants.
Tokyo Sexwale
Basetsana Kumalo In a rags-to-riches story, Basetsana Kumalo was born in 1974 to a bus driver
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When he filed for divorce last year, Sexwale’s assets were revealed for the world to see. They included vineyards, a yacht, Learjet, and even a R750million island. He is reputed to be worth R2.1-billion and is the founder of Mvelaphanda Group (Mvela), a listed black economic empowerment (BEE) investment firm with significant interests in blue chips, such as media giant Avusa, Absa Group, Group Five, and Life Healthcare. In 2005, Sexwale hosted