South African billionaire Patrice Motsepe said Monday he would give half his family's fortune to a charity, matching a pledge made by Bill Gates and Warren Buffett.
"This is to be used during his lifetime and beyond... to improve the lifestyles, and living conditions, of poor, disabled, unemployed, women, youth, workers and marginalized South Africans," said his wife, Precious Motsepe, according to Agence France-Presse.
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A mining tycoon, Motsepe is the first African to join the Giving Pledge, which challenges the world's wealthiest people to give 50 percent or more of their fortunes to charity. More than 70 billionaires have joined the Pledge since it was launched by Gates and Buffett in 2010.
Motsepe's estimated net worth is $2.65 billion, reported Voice of America. He says he will be making his donation to the Motsepe Foundation, a charity that he and his wife started in 1999 to help disadvantaged South Africans.
The mining mogul's decision put him in a club alongside Facebook founder Mark Zuckerberg, Netflix chief executive Reed Hastings and Intel co-founder Gordon Moore. He made the announcement two days after his 51st birthday.