South Africa: Today’s latest news and headlines, Tuesday, 7 March 2023

Ramaphosa and Cabinet knew about Eskom corruption – and did nothing Image via Instagram @cyrilramaphosa

President of South Africa: A look at Cyril Ramaphosa’s net worth

President Cyril Ramaphosa has amassed a billion rand net worth, between his career in business and politics.

South Africa: Today’s latest news and headlines, Tuesday, 7 March 2023

Ramaphosa and Cabinet knew about Eskom corruption – and did nothing Image via Instagram @cyrilramaphosa

In 2018, Cyril Ramaphosa was elected as the President of South Africa — here’s a look at his net worth, career and more.


Cyril Ramaphosa
Find out Cyril Ramaphosa’s net worth here. Image via Instagram @cyrilramaphosa


  • Full name: Matamela Cyril Ramaphosa
  • Date of birth: 17 November 1952
  • Place of birth: Soweto, Johannesburg, Gauteng
  • Nationality: South African
  • Language: Venda
  • Age: 70
  • Gender: Male
  • Parents:  Mother–Erdmuth; father–Samuel
  • Siblings: Two
  • Marital Status: Divorced twice, currently married
  • Spouse: Tshepo Motsepe
  • Children: Five
  • Occupation: Politician, businessman


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In 2015, Forbes reported Ramaphosa made it to the Africa’s 50 Richest Net Worth list. His net worth was said to be $450 million (an estimated R8.2 billion).


According to Celebrity Net Worth, Ramaphosa attended Tshilidzi Primary School, Sekano Ntoane High School, and matriculated at Mphaphuli High School in 1971. He then registered at the University of the North in Limpopo Province in 1972, where he studied law and got involved in student politics.

In 1974, Ramaphosa reportedly got detained and found himself in solitary confinement for 11 months for pro-FRELIMO rallies and then detained again in 1976. Ramaphosa reportedly worked as a law clerk while continuing his legal studies at the University of South Africa (UNISA).

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Ramaphosa reportedly married his first wife, Hope, in 1979. However, they divorced in 1989. He then reportedly tied the knot to Nomazizi Mtshotshisa, whom he was married to from 1991 to 1993. He is currently married to Tshepo Motsepe, and tied the knot in 1996.

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Ramaphosa reportedly joined the ANC (African National Congress) in 1991 as a secretary general. He was said to have served as the head of the ANC’s delegation during the apartheid negotiations.

By 1994, he reportedly got elected as the chairperson of the constitutional assembly and reelected as the secretary general. However, in 1996, Ramaphosa was said to have wanted to leave politics behind him and resigned.

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He reportedly returned to politics in 2012 and was elected deputy president of the ANC. And, by 2017, Ramaphosa was elected president of the party after running an anti-corruption platform.

However, he later reportedly found himself being criticised for corruption and obstruction of justice in relation to the Phala Phala robbery that took place on his game farm in 2020. Ramaphosa was reportedly accused of kidnapping and bribing the robbers into silence.

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In 2001, Ramaphosa joined the private sector and launched a leading African black-owned and managed investment company named Shanduka Group, MyBroadband reported.

The company reportedly became a black economic empowerment trailblazer and quickly built a comprehensive portfolio of listed and unlisted companies, including brands such as MTN, Coca-Cola, Standard Bank, Alexander Forbes, Liberty Group, Bidvest, and Seacom

Ramaphosa was said to have held many board positions, including chairman of Bidvest, Mondi, and MTN, and non-executive directorships at Macsteel, Alexander Forbes, SABMiller, and Standard Bank.

Last but not least, in March 2011, Ramaphosa reportedly used his excellent connections to make a deal with McDonald’s Corporation and was announced as South Africa’s development licensee. This would mean that Ramaphosa would be responsible for the operation of all McDonald’s franchises in the country.

ALSO READ: NO DEAL: Cyril Ramaphosa shoots down R1 billion plan to sponsor Spurs