Who is leading South Africa, steering the nation through its challenges and opportunities? Cyril Ramaphosa’s name holds significance in the country’s story, but who is he, and how much does he earn? This question piques the curiosity of many individuals and for a good reason. Hence, if you are interested in the financial journey of this political figure, then you have come to the right place.
In this guide, I will explore Cyril Ramaphosa’s accomplishments and the money he earns for his role, along with his assets and possessions. Therefore, keep reading to enlighten yourself.
Cyril Ramaphosa is a prominent South African politician, businessman, and philanthropist. Born on November 17, 1952, Cyril Ramaphosa is the fifth and current president of South Africa, who rose to prominence as a key figure in the anti-apartheid movement and later played a significant role in the country’s transition to democracy. Moreover, he also holds the position of president of the African National Congress (ANC).
Ramaphosa gained national recognition while serving as the secretary general of the National Union of Mineworkers, which is South Africa’s largest and most powerful Trade union. In 1991, he was appointed as ANC secretary general under the leadership of ANC President Nelson Mandela. However, in 1996, Ramaphosa left politics and directed his attention towards the business arena.
He became widely recognized as a businessman, venturing into activities like owning McDonald’s in South Africa, leading the board of MTN, serving as a board member for Lonmin, and establishing the Shanduka group. Later, he entered the political arena in December 2012 at the ANC’s 53rd National Conference. From 2012-2018, he took on the role of Deputy President of South Africa, serving alongside President Jacob Zuma.
How Much Does Cyril Ramaphosa Earn?
Now, the question is how much Cyril Ramaphosa earns as the president of South Africa. Cyril Ramaphosa took over the presidential seat in 2018, stepping into the role of South Africa’s leader. As of April 2021, his salary received a three percent (3%) increase, elevating his earnings from 2.9 million Rands in 2021 to slightly over 3 Million Rands in the following year.
Furthermore, he earns R 270,000 Rands per month, and according to Forbes, he ranked 42 on the list of Africa’s wealthiest people in 2015. Since he is one of the wealthiest men in Africa his net worth shows how successful he has been in business and investment. His net worth is approximately R 6.4 billion, which is $450 million USD Dollars.
- Annual Income: 3 Million Rands
- Monthly Income: R 270,000 Rands per month
- Net Worth: R 6.4 billion
Cyril Ramaphosa Income Channels
Cyril Ramaphosa, a powerful politician in South Africa not only garnered attention for his leadership but also for his income sources. His revenue channels consist of a range of sources that contribute to his overall earnings and financial success. Let’s understand how he accumulates such jaw-dropping wealth:
One of the main sources of income for Cyril Ramaphosa is from his role in the political sphere. Ramaphosa assumed the seat of the presidency of South Africa in 2018, this position comes with both immense responsibility and financial compensation. His salary which is about 3 million Rand per year contributes a lot to his financial success.
After he re-entered the political arena, his salary from the leadership position became a significant part of his income.
Before he stepped into the world of politics, Cyril Ramaphosa was considered a tycoon businessman who excelled in multiple industries. These business ventures and investments were his main source of income that contributed to his financial achievements. In 2001, Ramaphosa initiated the establishment of the Shanduka Group, a significant African investment company led by Black ownership and management.
Shanduka quickly gained recognition as a pioneer in Black economic empowerment, swiftly assembling a comprehensive collection of companies, both listed and unlisted. Furthermore, Cyril Ramaphosa in March 2011, secured a major business deal when McDonald’s cooperation revealed him as the new developmental licensee for South Africa.
In addition, Ramaphosa also occupied various board roles, including Chairman of Bidvest, Mondi, and MTN, and held non-executive director roles at Macsteel, Alexander Forbes, SABMiller, and Standard Bank. With such substantial business achievements, it is no surprise that he amasses considerable wealth.
Public Speaking Engagement
Leaders of Cyril Ramaphosa’s stature are often sought after for public speaking engagements and consulting services. His insight into politics, economics, and leadership makes him a valuable voice at seminars, conferences, and corporate events. Although the exact amount from these engagements may not be disclosed, they do contribute to his overall financial situation.
Moreover, Cyril also gained a lot of wealth through investments. His involvement with multiple industries, including telecommunications, mining, and real estate, suggests that he has made strategic investments that generate returns and contribute to his overall income and financial success.
In conclusion, Cyril Ramaphosa’s earning is derived from multiple earning channels, including his salary, business ventures, investments, and public speaking engagement. This diverse range of sources shows his contribution to various sectors and has helped make South Africa better in politics, money, and society.
Cyril Ramaphosa Assets and Possessions
Cyril Ramaphosa, a prominent figure in South African leadership and business, has not only left marks on the country’s political arena but also accumulated assets and possessions that reflect his financial success. Throughout his career, he has accumulated multiple assets but little information Is publicly available about the full extent of his wealth and possessions. Let’s dive into detail regarding the multiple assets he owns:
The parliamentary register of member interest for 2017 listed 32 townhouses and apartments owned by Cyril Ramaphosa president of South Africa, along with five trusts. He is the future beneficiary of three of these trusts. Currently, he officially resides in Mahlamba Ndlopfu, meaning The New Dawn, situated in BryntirionEstate, Pretoria.
Cyril Ramaphosa owns multiple expensive cars, which are as follows:
Armored BMW 7 Series
A notable inclusion in Ramaphosa”s car collection is the armored BMW 7 series. This model is equipped with a 3.0-liter 6-cylinder engine, generating 335 horsepower and 447 Nm of peak power and torque. This car is worth R 1,893,718.87 Rand ($100,000).
BMW X3 M40i
This German vehicle is also part of his expensive vehicle collection, equipped with a 3.0-liter 6-cylinder engine, delivering an impressive 382 horsepower and 365 ib-ft of torque.
Mercedes Benz C63 AMG
His collection of cars also includes the Mercedes Benz C63 AMG and which features a 4.3-liter twin-turbo V8 engine that produces an excellent 503 horsepower and 516 lb-ft of peak power and torque.
|Residence||32 townhouses and apartments|
|Expensive Cars||Armored BMW 7 Series (R 1,893,718.87 Rand), BMW X3 M40i, Mercedes Benz C63 AMG|
|Business Ventures||Ramaphosa initiated the establishment of the Shanduka Group. He also occupied various board roles, including Chairman of Bidvest, Mondi, and MTN, and held non-executive director roles at Macsteel, Alexander Forbes, SABMiller, and Standard Bank.|
|Net Worth||R 6.4 billion ( approximately $450 million)|
How much does a president earn in South Africa?
Cyril Ramaphosa is the fifth and current president of South Africa and earns about R 3 million Rand per year and R 270,000 Rand per month. As reported by Forbes, Cyril Ramaphosa is considered one of the wealthiest Africans, and his net worth is estimated to be R 6.4 billion ( approximately $450 million).
In conclusion, Cyril Ramaphosa is a renowned businessman, philanthropist, and the current president of South Africa. As a president, his salary is approximately R 3 million Rand per year and R 270,000 Rand per month, which makes him one of the wealthiest Africans. From his role in the anti-apartheid struggle to his tenure as president, Ramaphosa’s impact is diverse.
Before he assumed the seat of president he was a business tycoon who worked in different areas showing, he could lead, run a business and make a big impact. He founded a Shanduka group and held ownership of McDonald’s in South Africa. However, in 2014 he stopped working in the private sector when President Jacob Zuma asked him to be Deputy President.
Furthermore, throughout his career, Cyril Ramaphosa has accumulated plenty of assets and possessions that reflect his financial success. He owns 32 townhouses and flats and also has a collection of expensive cars in his garage. However, not everything about his assets is disclosed to the media and public, so we might not know everything about his money and the things he owns.