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South African billionaire to give half his wealth to charity

Mahesh Chand

Mahesh Chand

Jan 30 2013 3:14 PM
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Mining billionaire Patrice Motsepe announced Wednesday he would give half his family's fortune to charity, becoming the first African to match a pledge made by Bill Gates and Warren Buffett.

The Soweto-born tycoon, worth an estimated $2.7 billion (1.99 billion euros), announced he would join the Giving Pledge, which challenges the world's wealthiest to give at least 50% of their fortune to charity.