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South African Billionaire Donates Half His Fortune to Charity

Patrice Motsepe
Forbes.com

Joining Bill Gates’ and Warren Buffett’s Giving Pledge, South African billionaire, Patrice Motsepe, announced that he will be donating half of his company’s assets to combat South Africa’s poverty, advancing women, and reforming education, health and unemployment, report Forbes.com.

“[My wife] Precious and I will contribute at least half of the funds generated by our family assets to the Motsepe Foundation to be used during our lifetime and beyond to improve the lifestyles and living conditions of the poor, disabled, unemployed, women, youth, workers and marginalized South Africans, Africans and people around the world.”

With a Forbes estimated net worth of $2.65 billion, Motsepe is South Africa’s richest Black man. His announcement Wednesday was attended by King Goodwill Zwelithini of the Zulu nation, South Africa’s Basic Education Minister Angie Motshekga and Rabbi Warren Goldstein, among others.

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