Africa's first black billionaire, Motsepe, says top business people show confidence in Musk's style

The most successful entrepreneurs can boast a belief in their business that can border on arrogance - like the world's richest man Elon Musk - Africa's first black billionaire, Patrice Motsepe, told Forbes on Monday during Africa Under 30 Summit in Botswana. Motsepe spoke about an anecdote told to him by billionaire venture capitalist John Doer at the meeting. Motsepe said he believed Musk was "unimpressive." very arrogant, and very rude" in the initial encounter on the field.

"I'm not saying that [entrepreneurs] have to be rude and arrogant but I think [Musk] believes in what he's doing he succeeded," said Motsepe, who used the anecdote to instruct entrepreneurs to be confident in their endeavors.

Motsepe, who became the continent's 1st black billionaire in 2008 thanks to his amassed wealth in the mining industry, said he also faced significant opposition from investors who did not share the same blind faith in his vision of buying a failed mine that later became a mine.

"If you look at successful entrepreneurs in the world, what most of them have in common is that everyone told them when they started. it's not going to work," Motsepe said.

3 billion dollars. How much does Mozepe cost, according to the latest Forbes estimates, making him the third richest person in South Africa. Motsepe is now President of the African Football Confederation.

Musk was born in South Africa also lived in the country when he immigrated to Canada at 17. Tesla and SpaceX CEO Musk co-founded SpaceX and joined Tesla in the early stages of an electric vehicle manufacturer.