Cyril Ramaphosa is one of the renowned personalities of South Africa. He is currently playing the role of President of South Africa leading the country towards a better future and handling all the complex challenges that the country and its people are facing. A president has numerous responsibilities and duties to fulfill which makes many people wonder what is the salary of Cyril Ramaphosa.
In this article we will discuss Cyril Ramaphosa’s salary, what he does, his career journey, and of course his assets. So, don’t go anywhere and keep on reading if you are interested in finding out Cyril Ramaphosa’s salary.
Overview of Cyril Ramaphosa & His Salary
|Matamela Cyril Ramaphosa
|Date of Birth:
|Businessman, Former anti-apartheid activist
Many of you must have seen Cyril Ramaphosa on your Television screens. He is a prominent figure in South Africa, a successful businessman, and a popular politician, and has been serving as the President of South Africa since 2018. Here are some details about Cyril Ramaphosa.
The full name of Cyril Ramaphosa is Matamela Cyril Ramaphosa and he is the current president of South Africa. He is 71 years old and is owner jaw-dropping net worth i-e R 8378437500.00. He is a self-made person and earned his wealth with his interest in business and wise business investments.
Cyril Ramaphosa’s Career as a Politician
Cyril Ramaphosa is a great politician and one of the most popular politicians in the history of South Africa’s politics. He didn’t get successful overnight. Like all other successful persons, his career is full of ups and downs.
Before getting into politics he was a well-known anti-apartheid activist and fought for the rights and equality of non-white people. This paved his way into politics and changed the apartheid activities and rules in South Africa. Here are some key milestones of his political career.
In the 1970s and 1980s when inequality was at its peak and people were not given their rights based on ethnicity, race, and gender, Cyril Ramaphosa emerged as a prominent anti-apartheid activist and took part in the famous apartheid resistance movement. He played a pivotal role in making these movements a success and the Black Conscious Movement is a perfect example of his successful efforts towards apartheid resistance.
Trade Union Leadership
He also advocated for the rights of the National Union of Mineworkers (NUM) and his leadership made this union broader labor opportunities. He then became secretary general of the African National Congress (ANC) in 1991 and carried out his fight to stop apartheid. His contribution to the movement and participation as chief negotiator of the movement ended apartheid.
His efforts in establishing a democratic country can not be overshadowed. As chief negotiator of the ANC, he played a significant role in shaping the constitution of South Africa.
In 1994, Cyril Ramaphosa shifted his full focus towards flourishing as a businessman. Cyril Ramaphosa is a wise man and through intelligent investment, he became successful in less time in various business sectors including mining and telecommunication. Besides, being known as a prominent leader and politician he is recognized as a successful businessman in the private sector.
Then again in 2000, he reentered into political world and became an active member of the ANC and also got a leadership position in the political party. He was then appointed as Secretary General of the party. Cyril Ramaphosa also served as Deputy President of South Africa under President Jacob Zuma.
President of South Africa
After his comeback, he became president of the African National Congress in 2017 after Jacob Zuma. He won the February 2018 elections and got elected as President of South Africa. Ramaphosa is still serving his country as a President and his presidency addressed major issues like corruption, stabilizing and improving economic growth, and implementing reforms for the better future of the country.
Cyril Ramaphosa Income Sources
The current president of South Africa, Cyril Ramaphosa has multiple income sources. The most prominent income source of Ramaphosa is his presidency salary. The salary of the president is determined by the government depending on the responsibilities and currently, Cyril Ramaphosa’s salary is R4 199 199,00 per year as the President of South Africa.
Besides political earnings, he earns substantial amounts from his business investments. His smart investments in leading industries and businesses have accumulated him millions of rands. One of the most noticeable additional sources of his income is the mining industry.
He has board memberships of various companies that bring him additional income. These memberships offer him plenty of benefits in financing and managing stocks. The companies and corporate boards that he has been associated with in the past or present are McDonald’s South Africa, MTN, Lonmin, Shanduka Group, etc.
Cyril Ramaphosa’s Assets
With his billion net worth and significant salary it is quite noticeable that he possessess several assets including lavish mansions, houses, cars, and other properties. So, let’s dig in and find out more about Cyril Ramaphosa’s lifestyle.
Cyril Ramaphosa has two properties in Cape Town, South Africa. He declared this property recently before the presidential elections and according to some reports he is thinking of building a lavish mansion near Lion’s Head Cape Town. He bought that land for 30 million rands.
Furthermore, he owns two plots in Fresnaye, too. He bought them in 2010 with a thought to build his very own retirement home. Moreover, he has multiple other properties registered on his family’s trust and according to him, he bought them with a loan because the property is not registered in his name many don’t include his Fresnaye plots in his assets.
All these are declared properties of Cyril Ramaphorsa. There might be some properties registered over his name that have not been announced publicly yet.
Cyril Ramaphosa is a famous politician of South Africa and with millions of rands in his bank account he surely lives a lavish life. He is a successful businessman and his rich taste can be seen in his luxury car collection. Here is a short list of cars that he owns and is the star of his garage.
- BMW 7 Series
- BMW X3 M40i
- Mercedes Benz C63 AMG
- Toyota 4×4 Hilux Raider
- VW Polo
- Presidential Motorcade
All cars are the personal possession of Cyril Ramaphosa except the Presidential Motorcade. The motorcade is for the security of the president and it could be a Jeep Grand Cherokee SUV, BMW cars, VW Polo, police security vans, and an ambulance.
Before joining politics, Cyril Ramaphosa dedicated his life to making himself a successful businessman. He didn’t cut off completely from business after stepping into the political world which is why he still owns multiple businesses and owns stakes in various companies. His business assets are in the form of shares in a company and investments.
What is Cyril Ramaphosa’s net worth?
Cyril Ramaphosa is a famous politician of South Africa and currently serving as the President of South Africa. He is the fifth democratically elected president of South Africa and his net worth is around R 8378437500.00.
Who is Ramaphosa’s wife?
Tshepo Motsepe is the wife of Cyril Ramaphosa and she is a physician and businesswoman.
How long was Cyril Ramaphosa president?
Cyril Ramaphosa is a successful man who proved himself in the business as well as the political world with his intelligence, dedication, and efforts. He was elected as the president of South Africa in 2018 and he is still serving in the same position so his presidential era is nearly five years long.
Who is the new President of the ANC?
South African Native National Congress commonly known as African National Congress (ANC) was founded in 1912 to advocate and safeguard the rights of black people. This is currently run by Cyril Ramaphosa who is the new president of ANC succeeding Jacob Zuma.
Cyril Ramaphosa’s journey from beginning his career as a successful businessman and actively advocating black people’s rights let him enter the political world and his journey is full of notable achievements and financial success. The salary of the president is determined by the government so currently, Cyril Ramaphosa’s salary as the president of South Africa is R 349 943,25. Besides this, he earns through various other ways in which his business ventures and investments bring him the most money and are considered an additional income source for Cyril Ramaphosa.
The net worth and income of a person are never fixed and anything can happen and no one knows what Cyril Ramaphosa’s salary or net worth will be in the coming years. But I hope for now our article has helped you with Cyril Ramaphosa’s salary, earning sources, career journey, and assets. Thank you, see you next time.
Article Modified on October 28, 2023. The data in this article is written and collected by multiple authors. Learn how we research on About Us.