Patrice Motsepe has just added more to his $3.1 billion net worth. According to Business Insider, South Africa’s richest Black man — and one of the world’s Black billionaires — has just purchased a wine farm. The outlet reports that the luxury wine farm is called Hidden Valley, and it’s located in Stellenbosch and Somerset, South Africa. “The sale, which was recently announced, includes the purchase of a 28-hectare farm listed for sale at R160 million but was acquired for between R100 million ($5.5 million) and R120 million ($7.9 million) in cash,” confirms Business Insider. “The mining tycoon reportedly paid more for the property than former owner Riaan Stassen did in 2015 when the property was first purchased.” While it’s unclear why Patrice Motsepe decided to purchase this vineyard, what’s clear is that experts believe it will encourage tourism in the area. “This will be good in terms of advertising the brand and making it more attractive to other markets,” Wines of South Africa...

There’s no limit to what Black people can do, and that includes being among the richest individuals in the world. Accumulating fortunes equaling up to billions of dollars, these Black entrepreneurs are reaching historical milestones well worth celebrating. Check out the list below to read up on the richest Black billionaires around the world. Jay-Z ($1 billion) Photo Credit: Taylor Hill/FilmMagic As hip hop’s first Black billionaire, rapper and businessman Jay-Z set the bar high for artists with a net worth of $1 billion. In addition to being a legendary emcee, Jay-Z’s fortune stems from his many business ventures. His business moves include partnerships with Armand de Brignac champagne, D’Ussé cognac, investments, and of course, music tours. Kanye West ($1.3 billion) Photo Credit: Randy Holmes/ABC Via Getty Images Kanye West made history as hip hop’s second Black billionaire after much back and forth with Forbes to make their list for 2020. Most notably, his wealth derives from...