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HomeWealthCyril Ramaphosa Net Worth, Salary, Companies He Owns And Properties

Cyril Ramaphosa Net Worth, Salary, Companies He Owns And Properties

He was little known outside the borders of South Africa until his predecessor ex-President Jacob Zuma resigned from office over corruption allegations. Mr Zuma had appointed Ramaphosa as his deputy in May 2014 before he took the realms of power from his boss on 15 February 2018, a day after he had resigned. The 65-year-old leader vowed to fight corruption that was rife when Mr Zuma was President. During his campaign trail, Ramaphosa said that his “administration is irrevocably committed to fighting corruption. It will be fought without any fear, favour or prejudice”. The fight against this scourge is still on. That aside, what is the net worth of Cyril Ramaphosa?

How Ramaphosa acquired his vast wealth
The just concluded presidential elections marks another chapter in Ramaphosa illustrious political career. Aged 39, the youthful leader was elected the ruling party African National Congress secretary general and played a crucial role in the talks with the National Party during the transition to democracy. He resigned from his political seat in 1997 and went on to form Shanduka Group. He stepped down in May 2015 as Shanduka chairman when he was appointed deputy president by Zuma to avoid conflicts of interest. He sold his 30% stake in the investment vehicle.

Beneficiary Of ANC
According to on news24.com, Ramaphosa was a beneficiary of ANC empowerment deals. According to the writer of the article titled How Cyril Ramaphosa obtained his wealth, the former secretary general was to donate part of the money to ANC. Part of the article reads:

Cyril Ramaphosa was selected by the ANC to become a major beneficiary in empowerment deals. He was one of a few. These deals where aimed at creating wealth outside of the ANC formal structures. The reason was to firstly entrust selected individuals to gain access to not only substantial wealth but also to ensure that such beneficiaries would donate substantial moneys to the ANC.

The writer further claims that Ramaphosa went on to elected into various Executive and Non-Executive positions on the largest firms listed on the JSE.

Some of these companies include
Chairman

Alexander Forbes South Africa, Black Economic Empowerment Commission, Johnnic Holdings Limited, KreditInform (Pty) Limited, Sasria SOC Limited, Vancut Diamond Works

Deputy Chairman

Rebserve Holdings Limited

Executive Chairman

Millennium Consolidated Investments (Pty) Limited, Shanduka Group

Independent Director

SABMILLER PLC

Independent Non-Executive Director

CAPITAL PROPERTY FUND

Non-executive Chairman

PAN AFRICAN RESOURCES PLC, MTN GROUP LIMITED, THE BIDVEST GROUP LIMITED

Non Executive Director

Alexander Forbes Limited, ASSORE LIMITED, LONMIN PLC, STANDARD BANK GROUP LTD, THE BIDVEST GROUP LIMITED,

Vice Chairman

Commonwealth Business Council

Businesses And Shares

No Nature Nominal value Name of company
50 Sports cars R50 Puma Sports Cars
100 Game farming (loan account) R120 735 000 Ntaba Nyoni Estates
7500 Paper packaging R2 729 000 Mondi LTD
100 Cattle farming (loan account) R6 070 450 Ntaba Nyoni Feedlot

 

Directorships And Partnerships 

Directorship/Partnership Type of business
Ramburg Properties Meat abattoir
Ntaba Nyoni Estates Game farming
Ntaba Nyoni Feedlot Cattle farming
Puma Sports Cars Manufactures cars
Adopt-a-school Foundation Schools (NPO)
Peaceway Trading Property company
Mulambo Investments Shelf company (dormant)
Musanda Investments Shelf company (dormant)
Main Street 1000 (RF) Tshivhase Trust
Tshivhase Share Dealing Buy, holds and sells JSE shares
Ramburg Beef Meat abattoir
Ramburg Holdings Meat abattoir
Ramburg Investments Meat abattoir

Land And Property 

Description Location Extent
Flat Cape Town 75 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse (Retirement village) Johannesburg 130 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 60 sqm
Townhouse Johannesburg 60 sqm
Flat Cape Town 70 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 60 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 50 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm
Townhouse Johannesburg 120 sqm

Trusts 

Name of trusts Registration number Trustee/Beneficiary Details of Benefits
The MCR Trust IT 1571/11 Trustee and Beneficiary Deferred benefit
Kruinpark Retirement Village Trust IT 376/94 Trustee and Beneficiary Deferred benefit
Tshivhase Trust IT 10769/96 Trustee and Beneficiary Deferred benefit
Cyril Ramaphosa Foundation Trust IT 42/2003 Trustee None
Cyril Ramaphosa Education Trust IT 13782/99 Trustee None

Cyril Ramaphosa Net Worth
As of 2015, Forbes put Ramaphosa net worth at $450M Next