Cyril Ramaphosa Net Worth

What is Cyril Ramaphosa net worth?

Cyril Ramaphosa is a South African politician and the fifth and current President of South Africa. He was  Previously an anti-apartheid activist, trade union leader, and businessman. Cyril Ramaphosa net worth is  R6.4 billion ($450 million) 

Early life

Ramaphosa was born in Soweto, Johannesburg, on 17 November 1952, to Venda parents.  

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He is the second of the three children to Erdmuth and retired policeman Samuel Ramaphosa.

Ramaphosa attended Tshilidzi Primary School and Sekano Ntoane High School in Soweto.

In 1971, he matriculated from Mphaphuli High School in Sibasa, Venda where he was elected head of the Student Christian Movement. 

Cyril subsequently registered to study law at the University of the North (Turfloop) in Limpopo Province in 1972.

While in school, Cyril  was detained in solitary confinement for eleven months in 1974 and 1976 for organizing pro-Frelimo rallies and unrest in Soweto respectively.

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After his release, he became a law clerk for a Johannesburg firm of attorneys and continued with his legal studies through correspondence with the University of South Africa (UNISA), where he obtained his B. Proc. Degree in 1981

Ramaphosa Career

Ramaphosa joined the Council of Unions of South Africa (CUSA) as an advisor in the legal department. He also formed the union National Union of Mineworkers(NUM)

Ramaphosa served as chairman of the National Reception committee, which co-ordinated arrangements for the release of Nelson Mandela and subsequent welcome rallies within South Africa, and also became a member of the international Mandela Reception Committee. He was elected General-Secretary of the ANC in a conference held in Durban in July 1991. 

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Ramaphosa became a member of parliament; he was elected the chairperson of its Constitutional Assembly on 24 May 1994 and played a central role in the government of national unity.

In 2000, he was appointed to the Independent International Commission on Decommissioning as an arms inspector, responsible for supervising decommissioning of Provisional IRA weapons.

Ramaphosa bid to become the President of Soth Africa in 197 but lost to  Thabo Mbeki.

He was appointed Deputy President by Jacob Zuma on 25 May 2014.

Following President Jacob Zuma’s resignation in February 2018, Ramaphosa was elected unopposed as President of South Africa by the National Assembly on 15 February 2018.

Cyril Ramaphosa Net Worth

Ramaphosa is well known as a businessman, and his estimated net worth is over R6.4 billion ($450 million), with 31 properties and previously-held notable ownership in companies such as McDonald’s South Africa, chair of the board for MTN and member of the board for Lonmin.

Ramaphosa is one of South Africa’s richest men