South Africa’s first Black billionaire just bought a luxury wine farm for over $5 million

Friday, 28 January, 2022
Face2Face Africa, Abu Mubarik
South African billionaire Patrice Motsepe has joined the league of luxury wine farm owners, according to reports. He reportedly purchased the luxury wine farm called Hidden Valley near Stellenbosch and Somerset, South Africa

The purchase includes the purchase of a 28-hectare farm listed for sale at $10 million but was acquired for between $5.5 million and $7.9 million in cash, more than what the former owner Riaan Stassen did in 2015 when the property was first purchased.

Startup Mag reports that the farm’s vineyards, situated on the northern slopes of the Helderberg Mountains in Stellenbosch, are planted on ancient, decomposed granite soils, consisting of deep fertile Oakleaf and Tukulu profiles.

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South Africa’s first Black billionaire just bought a luxury wine farm for over $5 million
South Africa’s first Black billionaire just bought a luxury wine farm for over $5 million

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