$ 450 Million
Cyril Ramaphosa Net Worth: Matamela Cyril Ramaphosa is a South African politician. He is the fifth and current President of South Africa, as a result of the resignation of Jacob Zuma, having taken office following a vote of the National Assembly on 15 February 2018. Ramaphosa, who is billionaire Motsepe’s brother-in-law, pulled out of many of his business investments when he became deputy president of the ANC. He has a net worth of $450 Million.
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Cyril Ramaphosa Net Worth 2019 @ $450 Million
How much is Cyril Ramaphosa Worth?
Cyril Ramaphosa is a South African politician. The South African parliament elected Cyril Ramaphosa as president. He is the fifth and current President of South Africa, as a result of the resignation of Jacob Zuma having taken office following a vote of the National Assembly on 15 February 2018. He has a net worth of $450 Million.
Ramaphosa’s destiny seemed pre-ordained. But in 1999, his hopes of winning the top job were dashed when he failed to clinch the nomination of the ruling African National Congress (ANC) to succeed Mandela.
True to his practical nature, Ramaphosa bowed out of politics and opted for a life in business.
He held stakes in McDonald’s and Coca-Cola’s local ventures and made millions in deals that required investors to partner with non-white shareholders.
He became one of the richest men on the continent – reaching number 42 on the Forbes list of Africa’s wealthiest people in 2015 with a net worth of over €380 million.
Cyril Ramaphosa Salary Per Year | Per Month | Per Day
Cyril Ramaphosa Salary: —
How he made his money
Following his election to Deputy President of South Africa in 2014, Ramaphosa has stepped away from a majority of his business interests. Prior to that, he was Executive Chairman of Shanduka Group, which he also founded. The company has investments in the resources, energy, real estate, banking, insurance, and telecoms sectors. He has held Non-Executive Directorships with Macsteel Holdings, Alexander Forbes, and Standard Bank, as well as being the Chairman of The Bidvest Group and MTN. He has previously held a position on the board of SAB Miller.
Cyril Ramaphosa House and Cars Collection
Cyril Ramaphosa House & Property (Cyril Ramaphosa House Address):
The house and car collection of Cyril Ramaphosa is still unknown. We will update those details on this below space. So, stay tuned to this page…
Cyril Ramaphosa Biography | Wiki
He was born on November 17, 1952 in Johannesburg’s Soweto township – a centre of the anti-apartheid struggle – to a police sergeant and a domestic worker.
Growing up in Soweto in the 1960s and 1970s, Ramaphosa became intimately involved in student politics and joined the South African Students Organisation and the Black People’s Convention. This resulted in him being detained twice, the first time for 11 months in solitary confinement and the second for six months, both times under the auspices of the Terrorism Act. While in detention, Ramaphosa completed his law degree via correspondence through the University of South Africa. After being released he completed his articles with a Johannesburg firm of attorneys, and joined the Council of Unions of South Africa (Cusa) as an advisor in the legal department. Ramaphosa was encourage by Cusa to form a union for mineworkers and in 1982 the National Union of Mineworkers (NUM) was born with Ramaphosa as its first secretary. He was the organiser of the preparations for the conference that led to the formation of the Congress of South African Trade Unions (Cosatu), delivered the keynote address at Cosatu’s launch rally, and was part of the Cosatu delegation that met with the ANC in Lusaka, Zambia. To say he has had an impact on South Africa as we know it today is a severe understatement.
Quick Facts about Cyril Ramaphosa:
- Full Name: Cyril Ramaphosa
- Date Of Birth: November 17th, 1952
- Cyril Ramaphosa Net Worth 2018 Forbes: $450 Million
- Country Of Origin: South Africa
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