Hello, I’m Andomoney, your guide through the world of celebrity finance here at andomoney.com. Today, we’re diving into the impressive net worth of Cyril Ramaphosa, the renowned South African leader.
Cyril Ramaphosa’s career spans significant political achievements and bold ventures in business, with investments that have built his fortune over the years.
In this article, we’ll explore how Ramaphosa’s early background set the stage for his rise to wealth, how his political achievements impacted his finances, and what key business ventures drove his financial success. Let’s uncover Cyril Ramaphosa net worth with us.
Quick Facts
| FACT | DETAIL |
|---|---|
| Real Name | Matamela Cyril Ramaphosa |
| Popular Name | Cyril Ramaphosa |
| Gender | Male |
| Birth Date | November 17, 1952 |
| Age | 71 |
| Parents | Erdmuth and Samuel Ramaphosa |
| Siblings | 2 (including Douglas Ramaphosa) |
| Birthplace | Soweto, Johannesburg, South Africa |
| Nationality | South African |
| Ethnicity | Venda |
| Education | University of South Africa (1981) |
| Marital Status | Married |
| Spouse | Tshepo Motsepe (m. 1996), Nomazizi Mtshotshisa (m. 1991–1993) |
| Children | 5 |
| Dating | N/A |
| Net Worth | $450 million |
| Source of Wealth | Investments, Public Service Salary |
| Height | N/A |
What is the Net Worth Of Cyril Ramaphosa in 2024?
In 2024, Cyril Ramaphosa’s net worth is estimated at $450 million. This places him among the wealthiest and most influential leaders in Africa, where he has substantial investments across various sectors.
Cyril Ramaphosa’s wealth is especially notable due to his role as the founder of Shanduka Group and his significant influence on South African economic policies.
Comparatively, he ranks alongside some of the wealthiest leaders and business figures in his sphere.
Other notable figures:
- Nelson Mandela
- Jacob Zuma
- Glencore
- Bidvest
- Commonwealth Business Council
- African Union
- National Union of Mineworkers
- Pembani Group
- MTN
- McDonald’s South Africa
If you’re interested in discovering the top-earning political leaders, explore our page on the world’s wealthiest political figures.
Cyril Ramaphosa Salary and Finance Overview
Background and Early Life Influences
Cyril Ramaphosa‘s journey to wealth is rooted in his upbringing and early activism. Born in Soweto, he pursued a law degree at the University of the North, where he developed a passion for advocacy.
His commitment to the labor movement led to his involvement with the National Union of Mineworkers, a key organization in the fight against apartheid.
This period laid the foundation for Ramaphosa’s future in both politics and finance, instilling in him a strong sense of purpose that would drive his career forward.
Political Achievements and Financial Impact
Ramaphosa’s influence within the African National Congress (ANC) has been significant. His rise to power started with his leadership in the National Union of Mineworkers, eventually leading him to the Constitutional Assembly, where he played a crucial role in shaping South Africa’s post-apartheid policies.
As Deputy President and later President of South Africa, Ramaphosa’s political achievements have brought stability and economic growth to the nation, indirectly boosting his own financial profile.
Business Ventures That Boosted His Wealth
Cyril Ramaphosa’s business journey is just as remarkable as his political one. His founding of Shanduka Group enabled him to invest strategically across industries such as mineral resources, finance, and real estate.
Notably, his acquisition of McDonald’s South Africa helped expand his financial portfolio.
Through partnerships with corporations like Glencore and significant stake sales—such as the 2015 Shanduka sale to Pembani Group—Ramaphosa capitalized on business opportunities that contributed millions to his wealth.
Real Estate and Properties
Ramaphosa has built a strong real estate portfolio, with properties located both in South Africa and internationally. He owns a luxury residence near Cape Town’s Lion’s Head and reportedly holds up to 30 properties worldwide.
These investments have added to his financial stability, allowing him to maintain a diverse asset base that reflects his approach to wealth management.
Presidential Salary and Benefits
As the President of South Africa, Cyril Ramaphosa earns an annual salary of approximately 3.9 million Rand ($227,000 USD). This public service salary adds a steady income to his diverse financial portfolio, complementing his other business ventures.
Additionally, his role as President comes with numerous benefits, including travel allowances and state-provided accommodations, which contribute to his overall wealth management.
Awards, Recognitions, and Public Service
His involvement in international peace mediation, such as his service on the Independent International Commission on Decommissioning in Northern Ireland, underscores his commitment to peace and public service.
These roles have not only brought Ramaphosa respect on the global stage but have also elevated his standing within financial circles, leading to further business and political opportunities.
Influence on the South African Economy
Ramaphosa’s financial influence extends beyond his personal wealth. His policies have encouraged economic growth, while his business ventures, particularly in energy and telecom, have supported the expansion of key South African industries.
His contributions to the African Union reflect his dedication to broader economic development across Africa, impacting both regional and national economic policies.
FAQs About Cyril Ramaphosa
What is Cyril Ramaphosa’s primary source of wealth?
His wealth largely stems from his business ventures, especially through his investments in Shanduka Group and his former ownership of McDonald’s South Africa.
How did Cyril Ramaphosa become President of South Africa?
Ramaphosa succeeded Jacob Zuma, becoming President in 2018 after years of leadership within the ANC and notable achievements in the anti-apartheid movement.
What role did he play in the African National Congress?
Ramaphosa served as Secretary General, Deputy President, and President of the ANC, contributing significantly to the party’s success.
How many properties does he own?
Ramaphosa reportedly owns up to 30 properties worldwide, including a luxury mansion in Cape Town.
What recognitions has he received for his work?
Ramaphosa is recognized for his role in anti-apartheid activism and labor rights, receiving multiple awards for his public service and peace efforts.
What was his role in Shanduka Group?
He was the founder and chairman, overseeing investments across mining, telecom, and real estate before the company was sold to Pembani Group.
What businesses has he been associated with?
In addition to Shanduka Group, he held board positions in companies like MTN and Bidvest.
Conclusion
That wraps up our exploration of Cyril Ramaphosa’s financial journey. For a deeper look into influential figures, feel free to browse more content or leave a comment on our website, andomoney.com.
