Cyril Ramaphosa has a net worth of $450 million as a South African politician. While he is best known as South Africa’s President, he made his fortune as the chairman of investment firm Shanduka Group. Shanduka specialized in mining, finance, Coca-Cola bottling plants, and even McDonald’s franchises prior to being sold to a competitor. He has been ranked as one of the top ten wealthiest South Africans on several occasions.
Cyril Ramaphosa was born in 1952 in Soweto, South Africa’s Transvaal Province. He is a member of the political party African National Congress. Ramaphosa served as the African National Congress’s Secretary General from March 1991 to December 1997. He served as Deputy President of the African National Congress from December 2012 to December 2017. Cyril Ramaphosa served as South Africa’s seventh Deputy President from May 2014 to February 2018. In December 2017, he was elected President of the African National Congress. Cyril Ramaphosa was elected as South Africa’s fifth President in February 2018 and as African Union Chairperson in February 2020. He is well-known for his business interests and for establishing South Africa’s most powerful trade union, the National Union of Mineworkers.