Cyril Ramaphosa, South Africa’s current President, possesses a net worth hovering around the staggering figure of $450 million as cited by Forbes. While this makes him one of the nation’s wealthiest, the exact contours of his financial landscape remain shrouded in mystery. With multiple estimations and a secretive nature surrounding his financial data, let’s dive deep into unraveling the wealth of the South African President as of today, October 3, 2023.
Cyril Ramaphosa isn’t just the President of South Africa; he’s also a formidable businessman with a vast fortune. The intriguing topic, “cyril ramaphosa net worth”, sheds light on an estimated fortune of $450 million, a figure that’s garnered much attention.
| Date | Event & Data |
|---|---|
| 2011 | Ramaphosa procured a 20-year master franchise agreement for 145 McDonald’s outlets in South Africa. |
| 2018 | Investing.com estimated Ramaphosa’s net worth at R6.4 billion ($450 million). |
| 2018 | Ramaphosa’s annual salary as South Africa’s President was $304,743.00. |
| 2022 | His net worth was gauged at $464.2 million, approximately R6.5 billion. |
The president’s wealth is reportedly around $450 million, as per Forbes. Another estimate from Investing.com places his net worth at R6.4 billion, equivalent to $450 million. This wealth isn’t just a figure; it is bolstered by various business undertakings and assets. Among them, real estate holds prominence, with properties like a lavish mansion in Pretoria and an opulent residence nestled at the base of Table Mountain. Yet, the exact values of these properties remain undisclosed.
Ramaphosa’s expansive wealth isn’t solely from politics. His business ventures have significantly padded his bank accounts. In 2011, he acquired a 20-year master franchise agreement to operate 145 McDonald’s outlets in South Africa. Besides this, his affiliations with the Coca-Cola Company International Advisory Board and the Unilever Africa Advisory Council underscore his business acumen and involvement in major corporations.
Consistency is key when it comes to verifying such vast amounts of wealth. Sources like Wikipedia, Forbes, and IMDB all peg Ramaphosa’s net worth in the ballpark of $450 million, underlining a general consensus on this figure.
Besides his impressive net worth, Ramaphosa, as the President of South Africa, draws an annual salary of $304,743.00. Although this figure pales in comparison to his overall net worth, it marks a considerable bump from his earnings as a businessman.
Looking back, in 2022, Ramaphosa’s wealth was approximated at $464.2 million, translating to about R6.5 billion. This indicates a marginal uptick from the prior assessments of his net worth.
In the world of politics and business, Cyril Ramaphosa stands tall, not just in stature but also in wealth. With estimates circling around $450 million, he is undeniably among South Africa’s elite. His affluence stems from an array of business endeavors, investments, and, of course, his presidential salary.
FAQs:
Q: How much is Cyril Ramaphosa’s net worth?
A: As of now, his net worth is estimated around $450 million.
Q: What business ventures has Ramaphosa been involved in?
A: He has had significant ventures such as the McDonald’s franchise agreement in South Africa and affiliations with major corporations like Coca-Cola and Unilever.
Q: What is Ramaphosa’s salary as the President of South Africa?
A: He earns an annual salary of $304,743.00.
Q: Has Ramaphosa’s net worth increased over the years?
A: Yes, in 2022, it was estimated at $464.2 million, indicating a slight rise from previous years.
