Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. In 2016, he launched a private equity firm, African Rainbow Capital, focused on investing in Africa.In March 2021, Motsepe was elected president of the Confederation of African Football, the sport's governing body on the continent. In 1994, he became the first black partner at law firm Bowman Gilfillan in Johannesburg, and then started a mining services contracting business.