What is Cyril Ramaphosa’s Net Worth and Salary?
Cyril Ramaphosa, the President of South Africa, has a net worth of approximately $450 million. He accumulated much of his wealth through his role as the founder and chairman of Shanduka Group, an investment firm that owned McDonald’s South Africa and had interests in mining, finance, and Coca-Cola bottling plants. Prior to selling Shanduka, Ramaphosa was considered one of South Africa’s richest individuals.
He gained prominence in the early 1980s as the secretary general of South Africa’s National Union of Mineworkers and later became a key figure in the African National Congress (ANC) under Nelson Mandela. He held several leadership positions within the ANC, serving as Secretary General from 1991 to 1997, Deputy President of the ANC from 2012 to 2017, and Deputy President of South Africa from 2014 to 2018. In 2018, he became the country’s 5th President, and in 2020, he was appointed Chairperson of the African Union.
Ramaphosa’s official salary as President of South Africa is reported to be around R3.9 million annually (approximately $200,000).