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South Africa has only one BLACK billionaire, his names is Patrice Motsepe. According to Forbes, Motsepe's net worth stood at $2.65 billion. He decided he had TOO much money and now wants to unload some of his money!
"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 marginalised 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 said.
The give-away is a part of the Giving Pledge, which encourages wealthy people to donate their fortune to charity. Microsoft chairman Bill Gates and Berkshire Hathaway chairman Warren Buffett (formerly the world's wealthiest man) founded the campaign in 2010 and have both committed large chunks of their sizable wealth to charitable organisations around the world. As of November 2012, 91 billionaires – mostly Americans – have committed to the pledge.SOURCE