Patrice Motsepe, South Africa’s richest black man is offering half of his wealth to poor people .Specifically ,his wealth will be for education and for boosting health facilities .
Patrice Motsepe has a net worth of $2.65bn (£1.67bn) according to Forbes estimates.
Mr Motsepe made the announcement of giving half of his wealth to the poor at an event in Johannesburg, where on a live video link Microsoft founder Mr Gates praised his decision.
He said he was also going to join the The Giving Pledge, a campaign started by Mr Gates and investor Mr Buffet in 2010. So far more than 70 billionaires have signed up to it.
“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,” Mr Motsepe said in a statement.