December 27, 2023 | by SASSA Admin
Cyril Ramaphosa, the fifth and current President of South Africa, is a prominent figure known for his successful business ventures and significant wealth accumulation. As of 2018, his estimated net worth stands at over R6.4 billion ($450 million), making him one of the wealthiest individuals in South Africa.
President Ramaphosa’s financial status is further highlighted by his annual income, which amounts to R3.9 million ($265,020). His impressive earnings reflect his position as the country’s leader and his extensive involvement in business and entrepreneurship.
Cyril Ramaphosa, born on November 17, 1952, in Soweto, Johannesburg, hails from a Venda family. He received his early education at Tshilidzi Primary School and Sekano Ntoane High School in Soweto. Continuing his studies, Ramaphosa matriculated from Mphaphuli High School in Sibasa, Venda. His passion for law led him to pursue a degree at the University of the North (Turfloop) in Limpopo Province.
During his time at university, Ramaphosa quickly became involved in student politics and affiliated with organizations like the South African Students’ Organisation (SASO) and the Black People’s Convention (BPC). His dedication to bringing about change and fighting against apartheid saw him face multiple detentions due to his activism.
As his influence grew, Ramaphosa emerged as a prominent figure in the anti-apartheid movement. His commitment and pivotal role in the struggle for freedom led to his appointment as the General Secretary of the African National Congress (ANC), a position he held from 1991 to 1997. During this time, he played a crucial role in the negotiations that ultimately put an end to apartheid and paved the way for South Africa’s transition to democracy.
Throughout his early life and political career, Cyril Ramaphosa demonstrated a steadfast commitment to the pursuit of justice, equality, and freedom for the South African people.
The table below showcases some of the significant milestones in Cyril Ramaphosa’s political career:
| Year | Milestone |
|---|---|
| 1972 | Joined the South African Students’ Organisation (SASO) |
| 1974 | Co-founded the Black People’s Convention (BPC) |
| 1991 | Elected as the ANC’s General Secretary |
| 1994 | Instrumental in drafting South Africa’s first democratic constitution as chairman of the Constitutional Assembly |
| 2018 | Sworn in as the President of South Africa |
After retiring from politics, Cyril Ramaphosa embarked on a successful journey as a businessman, broadening his horizons beyond the realm of politics. He demonstrated his entrepreneurial skills by founding the Shanduka Group, a renowned company with diverse investments in sectors such as resources, energy, real estate, banking, insurance, and telecoms.
Moreover, Ramaphosa took on influential roles as chairman of prominent companies like Bidvest, MTN, and Mondi, among others. Through his strategic investments and astute decision-making, he has amassed significant wealth, making him one of the wealthiest individuals in South Africa today.
In addition to his ownership in various companies, Ramaphosa also boasts an impressive property portfolio. Notably, he owns a luxurious mansion situated at the foot of Lion’s Head in Cape Town, exemplifying his opulent lifestyle.
To further illustrate the extent of his wealth accumulation, here is a snapshot of Cyril Ramaphosa’s notable business ventures:
Through his entrepreneurial prowess and strategic investments, Cyril Ramaphosa has not only accumulated substantial wealth but has also left a lasting legacy in the business world. His remarkable business ventures have cemented his status as one of South Africa’s most prominent and influential individuals.
“Cyril Ramaphosa’s diverse business ventures and strategic investments have propelled him to the forefront of South Africa’s business landscape.” – Business Insider
Cyril Ramaphosa has demonstrated a strong commitment to philanthropy throughout his illustrious career. In 2018, he made a heartfelt public announcement that he would donate a remarkable 50 percent of his annual salary, amounting to R3.6 million, to charitable causes. The funds are now managed by the renowned Nelson Mandela Foundation, an institution dedicated to continuing the legacy of South Africa’s iconic leader. Ramaphosa’s decision to contribute to nation-building efforts through philanthropy displays his unwavering dedication to making a positive impact on society.
However, Ramaphosa’s benevolence extends beyond financial contributions. As the President of South Africa, he has played a pivotal role in leading the country’s response to the COVID-19 pandemic. His decisive actions and thoughtful strategies have helped safeguard the well-being of the nation’s citizens, mitigating the impact of the crisis. Ramaphosa’s compassionate and forward-thinking leadership during these challenging times has further solidified his influence and positive impact on South Africa.
By actively engaging in philanthropy and guiding the nation through adversity, Cyril Ramaphosa exemplifies the profound effect that one individual can have in shaping communities and inspiring change. His dedication to philanthropy and his unwavering commitment to improving society serve as a powerful testament to his remarkable character and visionary leadership.
Cyril Ramaphosa earns an annual income of R3.9 million ($265,020), according to the register of Members’ Interests in Parliament.
Cyril Ramaphosa’s estimated net worth is over R6.4 billion ($450 million) as of 2018.
Cyril Ramaphosa has accumulated significant wealth through his successful business ventures, including ownership of McDonald’s South Africa, chairmanship of MTN, and being a founder of the Shanduka Group. He has also made investments in various sectors such as resources, energy, real estate, banking, insurance, and telecoms.
Cyril Ramaphosa is one of the wealthiest individuals in South Africa, with a net worth of over R6.4 billion ($450 million) as of 2018.
Yes, Cyril Ramaphosa has demonstrated a commitment to philanthropy throughout his career. In 2018, he publicly declared that he would donate half of his salary (R3.6 million annually) to charity, with the funds managed by the Nelson Mandela Foundation.
Cyril Ramaphosa’s philanthropic efforts reflect his dedication to making a positive impact on society. His financial contributions, as well as his leadership and response to the COVID-19 pandemic as South Africa’s President, have further solidified his influence and impact on the nation.
View all
December 28, 2023 | by SASSA Admin
December 27, 2023 | by SASSA Admin
December 28, 2023 | by SASSA Admin
