Introduction
Since his assumption of office as the President of South Africa, Cyril Ramaphosa has become a popular figure both in South Africa and globally. Being a successful businessman, many people wonder how much wealth the President has amassed over the years. In this post, we will be revealing the net worth of Cyril Ramaphosa, along with other interesting facts about his wealth.
Early Life of Cyril Ramaphosa
Cyril Ramaphosa was born on November 17, 1952, in Soweto, South Africa. He grew up in a poor family, and at a young age, he became involved in political activism. In 1985, he was detained and later released without charge. Ramaphosa then pursued studies in law and became a lawyer, working on several high-profile cases.
Ramaphosa’s Business Career
In the early 1990s, Ramaphosa shifted his focus to business, establishing Shanduka Group, a South African investment holding company. Through Shanduka Group, Ramaphosa invested in various sectors, including mining, finance, and energy. He also served on the boards of several companies, including Standard Bank, Coca-Cola, and McDonald’s.
Cyril Ramaphosa’s Net Worth
According to Forbes, Cyril Ramaphosa’s net worth is estimated at $450 million. This includes his stake in Shanduka Group, which is estimated to be worth over $300 million. Ramaphosa’s other assets include a luxury home in Johannesburg, a game farm, and valuable art and antique collections.
Political Career of Cyril Ramaphosa
Ramaphosa’s involvement in politics continued alongside his business career. He played a significant role in the negotiations that led to the end of apartheid in South Africa, serving as the secretary-general of the African National Congress (ANC) from 1991 to 1997.
Cyril Ramaphosa as the President of South Africa
In 2017, Cyril Ramaphosa was elected as the President of South Africa, succeeding Jacob Zuma. As the President, he has focused on improving the economy, combating corruption, and promoting unity among the diverse population of South Africa.
Cyril Ramaphosa’s Philanthropy
Along with his high-stakes business ventures, Cyril Ramaphosa has also been involved in several philanthropic initiatives. He chairs the Cyril Ramaphosa Foundation, which supports education, health, and youth development programs in South Africa.
Controversies Involving Cyril Ramaphosa
Despite his success in both business and politics, Cyril Ramaphosa has also faced several controversies over the years. One of the most notable is his involvement in the Marikana massacre in 2012, where 34 miners were killed by the South African police. Ramaphosa was accused of having a stake in Lonmin, the company that owned the mine where the incident occurred.
Conclusion
Cyril Ramaphosa’s net worth is a testament to his success both in business and politics. Despite the controversies he has faced, he remains a popular figure in South Africa and continues to work towards a more prosperous and united nation.
FAQs
Q1: What is Cyril Ramaphosa’s net worth?
A1: According to Forbes, Cyril Ramaphosa’s net worth is estimated at $450 million.
Q2: How did Cyril Ramaphosa make his wealth?
A2: Cyril Ramaphosa made his wealth through his investments in various sectors, including mining, finance, and energy.
Q3: What is Cyril Ramaphosa’s involvement in philanthropy?
A3: Cyril Ramaphosa chairs the Cyril Ramaphosa Foundation, which supports education, health, and youth development programs in South Africa.
Q4: What controversies has Cyril Ramaphosa faced?
A4: One of the most notable controversies involving Cyril Ramaphosa is his involvement in the Marikana massacre in 2012, where 34 miners were killed by the South African police.
Q5: What is the role of Cyril Ramaphosa as the President of South Africa?
A5: As the President of South Africa, Cyril Ramaphosa has focused on improving the economy, combating corruption, and promoting unity among the diverse population of South Africa.