Criticism poured in as soon as reports surfaced that Patrice Motsepe had donated R30 million to flood relief efforts in KwaZulu-Natal. Critics pointed to his pledge of R3.5 billion during the Global Citizen Music Festival to buy back land for Black people, and questioned whether or not the money had actually been spent on that purpose.

 

 
According to some, Sam Meyiwa’s father was promised $1 million by Sam Meyiwa, who died without getting a penny from the promise.

Theodore Motsepe

Despite the fact that his backers tried to defend him by arguing that pledges are different from donations, detractors argued that Motsepe had repeatedly broken his word and that his promises never held up.

He is no longer the wealthiest person in South Africa, according to The Citizens, and he ranks 998th on Forbes’ billionaire list. Moreover, Forbes reports that Strive Masiyiwa, a 586th-place finisher on the billionaires list, has displaced Motsepe as South Africa’s richest black man.

Masiyiwa Strive for Success

Zimbabwean telecoms magnate and billionaire Masiyiwa had an estimated net worth of R27 billion in January 2022, which implies he makes R250 million per day.

With a fortune of R140 billion, South Africa’s richest man, Johan Rupert, remains unchallenged.

Opinion

According to the people of South Africa, Motsepe has never been the richest man in Africa, let alone the world. Additionally, they claim that Rupert and Oppenheimer have held this position in South Africa for the longest time in history. In addition, some claim that he is the wealthiest African-American in the United States.

Following his promises, Motsepe may have kept his end of the bargain. Following pledges, there is plenty of time for him to fulfill them, and he doesn’t have to immediately donate money.

Although the public has not seen him giving out checks, this does not imply that his pledges are hollow or that he lacks the resources to make a donation.

Irrespective of his status as the world’s wealthiest man, Mr. Motsepe is a successful businessman. Being on Forbes’ list of the world’s richest people is an accomplishment in and of itself.