Cyril Ramaphosa Net Worth

Matamela Cyril Ramaphosa is a South African politician and big time businessman mogul. Cyril Ramaphosa has served as the President of South Africa since 2018 till date. Born in Soweto, Johannesburg, on 17 November 1952, to Venda parents, Ramaphosa is the second of the three children to Erdmuth and retired policeman, Samuel Ramaphosa.

Cyril Ramaphosa Net Worth

Cyril Ramaphosa estimated net worth is over R6.4 billion ($450 million), and is without question one of South Africa’s richest men. However, since being appointed Deputy President in May 2014 by President Jacob Zuma, Cyril Ramaphosa has stepped back from his business pursuits to avoid conflicts of interest. He stepped down as chairman of investment firm Shanduka Group in May 2015 and a year later completed the process of selling his 30% stake in Shanduka, which is now merging with Pembani Group to form a “Pan African Industrial Holdings Group” with $900 million in assets. Founded by Ramaphosa in 2001, Shanduka owned stakes in mining entities, financial institutions, McDonald’s South African subsidiaries and Coca-Cola bottling plants.

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.