South African filmmaker, motivational speaker, philanthropist, and YouTuber Bi Phakathi is also known as Bi Phakathi. He is best known for providing financial assistance and other forms of support to low-income individuals and communities.

 
Personal History

South Africa is where Bi Phakathi began his life. He is extremely dedicated to maintaining his privacy, and as a result, the general public is unaware of his true identity, as well as his birthplace, family, and place of birth.

Get to know Bi Phakati the faceless South African philanthropy
He claims that the Bahamian evangelist and ordained minister Dr. Myles Munroe, who encourages his followers to lead lives that are motivated by purpose, is the person who has inspired him to perform acts of love for others. ¹

Bi Phakathi’s professional life

He has directed both short films and films that were longer in length during his career as a filmmaker. The works Guluva, The Teacher, Kwaito Beef, and NKALAKATHA are examples of his work in the media. Additionally, Phakathi has directed a few music videos, including Ricky Rick’s “Nafuwa” and Nekama’s “Joale Leka Mehla.”

After his videos on Facebook and YouTube in which he assists those who are less fortunate went viral, Bi Phakathi’s name began to receive more widespread recognition. He follows them around for a while until he is certain that they are disadvantaged and deserving of his assistance; then, when he is certain, he approaches them and offers them assistance. Before he makes the offer, he inquires, “How can I be of assistance to you?” In the vast majority of instances, the person who needs assistance will respond with “anything.” If this occurs, Bi will make a cash offer to the individual, which can range anywhere from R500.00 to R2000.00 or even more. Sometimes he will give the needy person clothes or teach them a skill that will enable them to provide for themselves.

How does Bi Phakathi bring in such a large sum of money?

Given that he is a filmmaker, it is reasonable to assume that he is a shareholder in at least one film production company. However, if you believe IOL, Bi is not wealthy; rather, he is just an average guy who works 9 to 5 jobs like everyone else. Bi maintains a YouTube channel on which he uploads videos documenting the charitable work he does.

YouTube has more than 500,000 subscribers, and each video on the platform averages over 5 million views. Given that this channel on YouTube is monetized, it should be possible to use it to help raise money. As part of the Bi Phakathi foundation, he also solicits monetary contributions from individuals who watch his videos on social media platforms.

Here are three South African billionaires who have given much of their wealth to charitable causes.

Here are three South African billionaires who have given much of their wealth to charitable causes.
Many of the world’s richest people, including Bill Gates and Warren Buffett, are making public commitments to give away large portions of their wealth to charitable organizations. In recent years, a number of South African billionaires have followed suit with these pledges.

Jannie Mouton

This week, billionaire Jannie Mouton made a charitable contribution to his own foundation, the Jannie Mouton Foundation, in the amount of R1.072 billion ($82 million) in shares of PSG Group.

As the founder and chairman of PSG Group, Mouton was recognized by Forbes in the publication’s annual Billionaire List for 2017 as the most recent person to amass a net worth of one billion dollars in South Africa.

PSG Group is one of the most successful businesses in the country, and it was founded in 1995 by Mouton, who is known as the “Boere Buffett” for his accomplishments on the stock market. Mouton has been instrumental in the company’s growth since its inception.

PSG is an investment holding company that has holdings in a wide range of industries, including education, agriculture, banking, private equity, and financial services.

Mouton made a donation of R50 million to his alma mater, Stellenbosch University, in June of the previous year, with the intention of constructing a new Center for Teaching and Learning there (SU).

Allan Gray

It was reported in 2016 that Allan Gray, who is reportedly worth $1.85 billion, along with his family gave away their entire controlling stake of the Allan Gray investment company and its offshore partner Orbis to charity. Orbis is located in an offshore jurisdiction.

In 1973, Gray established Allan Gray Limited as an investment management company with its headquarters in Cape Town. After obtaining his MBA from Harvard and working for Fidelity Investments in the United States for a total of eight years, he ultimately decided to launch his own business.

According to Forbes, in 1989 he established another asset management company called Orbis Investment Management in Bermuda, which is now his primary residence.

In addition to this, he established the Allan Gray Orbis Foundation with a personal donation of $130 million. This foundation, which supports the education of future business leaders by providing scholarships for secondary and tertiary education, also receives 7% of the taxed profits of Allan Gray Limited.

Gray made the announcement in December 2015 that he planned to eventually give the majority of his wealth to charitable organizations.

Gray reportedly informed his shareholders of the transfer of control of Allan Gray Limited and Orbis to the Allan & Gill Gray Foundation, with the intention that the foundation’s dividends be donated to various charitable organizations.

Patrice Motsepe

Patrice Motsepe, a mining billionaire, and his family made a commitment to the Motsepe Foundation in 2013 to donate fifty percent of the income the family receives from the assets they own.

The family has stated that the funds will be put toward helping those who are less fortunate.

Motsepe said in a statement, “I decided quite some time ago to give at least half of the funds generated by our family assets to uplift poor and other disadvantaged and marginalized South Africans but was also duty bound and committed to ensuring that it would be done in a way that protects the interests and retains the confidence of our shareholders and investors.” Motsepe’s decision to give at least half of the funds generated by the family assets was made quite some time ago.

In 1994, Motsepe established African Rainbow Minerals (ARM), a company that he continues to chair today.

In an initial public offering of its investment-holding unit, ARM intends to raise more than R3 billion, as stated in a report by Bloomberg.

According to the report, ARC plans to incorporate its non-financial services assets into the company and list the stock of the unit on the Johannesburg Stock Exchange before the month of September is over. Insiders have indicated that the company may even raise as much as R5 billion through this process.