Matamela Cyril Ramaphosa, the current President of South Africa, is not only a prominent political figure but also a highly successful businessman. As of 2025, his estimated net worth stands at a staggering R8.37 billion (approximately $450 million). At 71 years old, Ramaphosa continues to lead the nation while managing diverse income streams that have made him one of the wealthiest individuals in South African politics.
Political Journey: A Long Fight for Equality and Leadership
Cyril Ramaphosa’s political journey began during the turbulent years of apartheid. In the 1970s and 1980s, he emerged as a committed anti-apartheid activist, helping shape the Black Consciousness Movement and advocating for the rights of non-white South Africans. He was also instrumental in growing the National Union of Mineworkers (NUM), eventually leading it and transforming it into one of the most powerful unions in the country.
In 1991, Ramaphosa was appointed Secretary General of the African National Congress (ANC). He played a crucial role as chief negotiator during South Africa’s transition from apartheid to democracy and was heavily involved in drafting the new constitution.
After a temporary exit from politics in the late 1990s, Ramaphosa returned to political life in the 2000s. He served as Deputy President under Jacob Zuma and was elected President of the ANC in 2017, succeeding Zuma. In 2018, he became the fifth democratically elected President of South Africa, a role he still holds today.
Presidential Salary and Public Duties
As President, Cyril Ramaphosa earns a government-determined salary of approximately R4.2 million per year. This figure includes benefits tied to his official capacity as the head of state. However, his political salary is only a small fraction of his total wealth, which is primarily built on decades of successful private sector ventures.
Ramaphosa’s leadership has been marked by his push for economic reform, anti-corruption measures, and job creation. Despite facing criticism and political challenges, he remains one of South Africa’s most globally recognized leaders.
Business Empire and Income Sources
Before returning to full-time politics, Ramaphosa had an incredibly successful business career. In 1994, following his departure from frontline politics, he pivoted toward entrepreneurship and founded the Shanduka Group, a diversified investment holding company. Through Shanduka, he acquired stakes in key sectors like:
- Mining
- Telecommunications
- Fast food
- Energy
Some of his most notable business associations include:
- McDonald’s South Africa (exclusive franchise rights)
- MTN (Africa’s telecommunications giant)
- Lonmin, Sasol, and Standard Bank
- Bidvest Group and other corporate boards
Though he stepped away from direct business management when he rejoined politics, these ventures laid the foundation for his R8.37 billion net worth. He retains investment interests and passive income from these holdings.
Properties and Real Estate Holdings
Ramaphosa’s wealth is also evident in his impressive property portfolio. He owns multiple high-value properties across South Africa:
- Two luxury residences in Cape Town, including land near Lion’s Head, reportedly bought for R30 million
- Two plots in Fresnaye, acquired in 2010, with plans to build a retirement home
- Several properties listed under his family trust, including estates and investment homes
Although many of these properties are not publicly registered in his name, financial disclosures confirm his extensive real estate assets.
Family and Personal Life
Cyril Ramaphosa is married to Dr. Tshepo Motsepe, a medical doctor and businesswoman. The couple has four children and lives a relatively private life despite Ramaphosa’s public role. Tshepo, the sister of billionaire Patrice Motsepe, is known for her philanthropic efforts and commitment to public health in South Africa.
The Ramaphosa family represents a blend of wealth, education, and influence, and they have used their platform to support various social causes, including education and economic empowerment.
Lavish Lifestyle and Car Collection
With a net worth approaching R8.4 billion, it’s no surprise that Cyril Ramaphosa lives in luxury. His car collection includes:
- BMW 7 Series
- BMW X3 M40i
- Mercedes-Benz C63 AMG
- Toyota Hilux Raider
- VW Polo
These vehicles reflect both personal preference and practicality. While he enjoys high-end German engineering, he also has local staples like the Toyota Hilux. It’s worth noting that the Presidential Motorcade, which includes BMWs, police vans, and a Jeep Grand Cherokee, is state property and used strictly for official transport.
Investment in South Africa’s Future
Beyond wealth accumulation, Ramaphosa has played a role in nation-building through investment and leadership. His business ventures created jobs and empowered South African entrepreneurs. His presidency has focused on improving governance, attracting foreign investment, and strengthening public institutions.
He has also advocated for transparency, pushing officials to declare their assets, and has encouraged digital transformation in government and education.
Final Thoughts
As of 2025, Cyril Ramaphosa’s net worth stands at approximately R8.37 billion, making him one of Africa’s wealthiest political leaders. His journey from a union leader to a billionaire businessman and eventually President of South Africa is a rare and inspiring story of resilience, strategy, and service.
While his public salary is R4,199,199 per year, the majority of his wealth comes from investments, corporate shares, and real estate holdings. Whether managing state affairs or building his business empire, Ramaphosa remains a central figure in South Africa’s past, present, and future.
