South African billionaire Patrice Motsepes net worth has climbed back above 3.5 billion as shares in his mining holdings gain from soaring gold prices.
The founder and chairman of African Rainbow Minerals ARM has benefited from his stakes in listed companies, which have been lifted by the commodities market as gold surged past 4,000 per ounce on Wednesday.
Motsepe, who became Africas first Black billionaire on the Forbes list , saw his wealth dip briefly between mid-July and early August, falling by 200 million from 3.5 billion to 3.3 billion.