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Cyril Ramaphosa Biography And Net Worth
Meet Cyril Ramaphosa: A South African politician
The Republic of South Africa’s fifth democratically elected President is Cyril Ramaphosa. Since 2017, he has also served as the president of the African National Congress. He is an anti-apartheid campaigner, business owner, philanthropist, and union boss. In this article, RNN has provided detailed information about Cyril Ramaphosa.
Bio Data
| Name: | Metamela Cyril Ramaphosa |
| Category: | Richest Politicians › Presidents |
| Net Worth: | $450 Million |
| Date of Birth: | Nov 17, 1952 |
| Place of Birth: | Soweto, Transvaal Province, Union of South Africa |
| Age: | 70 years old |
| Parents: | Erdmuthe and Samuel Ramaphosa |
| Children: | 5 |
| Profession: | Politician, Businessman |
Biography
On November 17, 1952, in Soweto, Johannesburg, in what was then the Union of South Africa, Cyril Ramaphosa was born. He is the second of Venda’s parents Erdmuth and Samuel’s three kids. Ramaphosa attended Sekano Ntoane High School, Mphaphuli High School, and Tshilidzi Primary School when he was younger. Later, he pursued legal studies at the University of the North in the province of Limpopo. Ramaphosa became active in student politics there. He spent 11 months in solitary jail in 1974 for planning pro-FRELIMO protests. In 1976, Ramaphosa was imprisoned once more. After being freed, he continued his legal education at the University of South Africa while working as a law clerk for a business in Johannesburg.
Political Career
Ramaphosa joined the Council of Unions of South Africa’s legal section as an advisor after receiving his law degree. Later, he founded the National Union of Mineworkers, a member of the Congress of the South African Trade Unions, and rose to the position of the organization’s first secretary general. Ramaphosa oversaw one of the largest strikes in South Africa’s history while serving as the NUM’s leader. He also played a crucial role in the growth of the Mass Democratic Movement.
In the middle of 1991, Ramaphosa decided to leave the NUM, and he later was appointed secretary general of the African National Congress. Later, he led the ANC team in the talks that ultimately brought an end to apartheid. Following the first completely democratic elections in South Africa, Ramaphosa was elected to the legislature in 1994. He won a second term as ANC secretary general and was chosen to lead the constitutional assembly. Later, Ramaphosa left the ANC in 1996 with the goal of retiring from politics.
Business Career
Farmer Cyril Ramaphosa began his entrepreneurial career. Mr. President developed an interest in livestock production, notably in maintaining the Ankole cow breed, during one of his travels to Uganda in 2004. South Africa, however, rejected Cyril’s proposal to bring the breed of cattle into the nation due to Uganda’s ineffective disease control procedures.
That didn’t stop Cyril’s desire; he went on to buy 43 cows from Yoweri Museveni, the former president of Uganda, and had them sent to Kenya before having them brought back to South Africa after they had been artificially inseminated. Cyril Ramaphosa acquired 100 Ankole breeding cows in August 2017 for his Ntaba Nyoni property in Mpumalanga.
President Cyril is a versatile individual since he formed the Shanduka Group after leaving the parliament in 1997 and served as its executive chairman. The Shanduka Group has stakes in a number of resource-related industries, including banking, insurance, real estate, and the energy industry.
In addition, he served as chairman of MTN and Bidvest. In addition, Cyril served as a non-executive director for several other businesses, such as Macsteel Holdings, Standard Bank, and Alexander Forbes. When Mondi left Anglo-American PLC in 2007, he was appointed as a non-executive joint chairman of the prestigious multinational paper and packaging organization.
Cyril purchased a 20-year franchise contract to manage 145 McDonald’s locations in South Africa in 2011. He declared his disinvestment from Shanduka following the 2014 general election in order to fully perform his duties as deputy president at the time.
Awards and Achievements
Cyril Ramaphosa has received several honorary doctorates and prizes, and he has attained amazing recognition on a global scale. He served as the University of Mpumalanga’s first chancellor in 2016 and was awarded honorary doctorates by the following universities:
- National University of Ireland Galway
- University of Massachusetts, Boston
- The University of Pennsylvania
- The University of Natal
- University of Port Elizabeth
- National University of Lesotho
- University of Cape Town
- The University of Venda
Some of his other awards include;
- The Symbol of Black Capitalism in South Africa, BBC, 2018
- Universal Health Care Award, The Access Challenge, New York, 2019
- Lifetime Achievement Award, Regenesys Business School, 2017
- One of Africa’s 50 Richest, Forbes 2015 but dropped off in 2016
- One of the richest men in South Africa, 2015
- National Order of the Baobab in Silver, 2009
- Time 100 Most Influential Persons in the World, 2007
- Voted 34 in the Top 100 Great South Africans.
Net Worth
Cyril Ramaphosa is a South African politician who has a net worth of $450 million.
Controversies
Cyril Ramaphosa was implicated in the Marikana eruption and made to bear responsibility. On August 16, 2012, the South African police broke up an occupation by striking Lonmin employees of a “Koppe” near the Nkaneng shanty settlement in Marikana. This incident is known as the “Marikana massacre” in the media.
The shooting that resulted in 34 reported deceased miners and 78 estimated miners injured angered and outraged the South African authorities. After it was learned that many of the massacre victims were shot far from police lines, while the majority of victims were shot in the back, more debate also arose. Since the end of apartheid, the Marikana tragedy is the single worst use of force by South African security forces against civilians.
2017 saw Cyril embroiled in yet another scandal as it was claimed he had many extramarital affairs. Additionally, he was allegedly implicated in paying others while keeping up the relationships. Later, Cyril disputed the accusations, saying they were made with the intention of delaying his presidential candidacy for political reasons.
Personal Life
Ramaphosa was married to Hope from 1979 until 1989, at which time they had a son. After that, he was married to Nomazizi Mtshotshisa from 1991 until 1993. In 1996, Ramaphosa married Tshepo Motsepe, a doctor. He is said to be the father of five kids in all.
FAQs
Who is Cyril Ramaphosa?
Cyril Ramaphosa is a South African politician.
What is Cyril Ramaphosa’s Net Worth?
Cyril Ramaphosa has a net worth of $450 million.
How old is Cyril Ramaphosa?
70 years old
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