Cyril Ramaphosa Net Worth 2020 and Biography – Cyril Ramaphosa was born on the 17th of November, in the year 1952, he was delivered of in a small village in Soweto. He is the second of three sons of Erdmuth and Samuel Ramaphosa, a retired police officer. He had his childhood in the southwestern municipality, he attended the Tshilidzi primary school and the Sekano Ntoane secondary school in Soweto. Early 1971, he enrolled at Mphaphuli High School in Sibasa, Venda. Then he enrolled to study law at the Universidad del Norte (Turfloop) in 1972.
Cyril Ramaphosa Net Worth 2020 and Biography
- Full Name: Cyril Ramaphosa
- Date Of Birth: November 17th, 1952
- Net Worth 2020 Forbes: $450 Million
- Country Of Origin: South Africa
Update: He his now the current president of South Africa
While at the university, Cyril got himself entangled in students’ politics prompting him to subsequently join the South African Student Organization (SASO) and the Black People’s Convention (BPC). This led him to remain in solitary confinement for eleven months in 1974, under Article 6 of the Terrorism Law, for organizing rallies in favor of Frelimo. In 1976, he was again arrested as a result of the riots in Soweto and was detained for six months in John Vorster Plaza under the Terrorism Act. After his release, he became a lawyer for a law firm in Johannesburg and continued his correspondence with the University of South Africa (UNISA), where he obtained his B. Proc. Diploma in 1981. He completed his articles in the same year and joined the Council of South African Trade Unions (CUSA) as an advisor to the Legal Department.
Cyril is currently a world-renowned South African politician, businessman, activist, and union leader who has been vice president of South Africa under the presidency of Jacob Zuma since 2014. He was elected Vice President of the National Congress African (ANC) at the ANC National Conference in Mangaung in December 2012. He is also the President of the National Planning Commission responsible for strategic planning for the future of South Africa, with the aim of uniting the nation around a common set of objectives and priorities for long-term development. ”
He is respected as a skilled negotiator and strategist who acted as chief negotiator of the ANC during South Africa’s transition to democracy. Ramaphosa built the largest and most powerful union in South Africa, the National Union of Miners (NUM). He played a pivotal role, along with Roelf Meyer of the National Party, in the negotiations to peacefully end apartheid and bring the country to its first democratic elections in April 1994. Ramaphosa was the choice of Nelson Mandela as future president. In South Africa today, Cyril is widely recognised as a prominent businessman and has an estimated net worth of more than $ 450 million with 31 properties and had significant corporate interests. as McDonald’s South Africa, president of MTN and member. Board of Directors of Lonmin.
Despite his credentials as an important supporter of South Africa’s peaceful transition to democracy, he has also been widely criticized for conducting his commercial interests although he has never been accused of illicit activity in none of these controversies. Among the controversial cases is the presidency of the MTN group during the MTN Irancell scandal when this organization bribed officials in Iran; his joint venture with Glencore and the accusations of illegally obtaining coal contracts with Eskom, which he strongly denied, in which Glencore was targeted because of its biased commercial activities involving Tony Blair in the Middle East; and his employment at Lonmin’s board while taking an active stance when the Marikana massacre took place at the Marikana facility in Lonmin. On August 15, 2012, he called for action against the Marikana miners’ strike, which he described as “contemptible criminal conduct”. He also admitted and regretted later for his participation in the law and could have been avoided if emergency plans had been established before the strike.
In the year 2017, Cyril launched the CR17 campaign as a platform for its presidential campaign before the elective conference of the African National Congress in December 2017.
After his election as Secretary General of the African National Congress in 1991, he became the head of the ANC negotiating team in the negotiation of the end of apartheid with the National Party government. In 1994, After the first fully democratic elections, Ramaphosa became a member of the parliament; Elected as the president of the Constituent Assembly on May 24, 1994, and he was able to play a central role in the government of national unity.
After losing the presidency of South Africa to Thabo Mbeki, he resigned from politics in January 1997 and moved to the private sector, where he became director of New Africa Investments Limited. He came first in the 1997 elections to the National Executive Committee of the ANC.
Although, not a member of the South African Communist Party (SACP), Ramaphosa claimed that he was a committed socialist.
The media has continually speculated that Ramaphosa will join the ANC presidential race in 2007, before the 2009 South African presidential election. However, he said he was not interested in the presidency. On September 2, 2007, the Sunday Times reported that, Ramaphosa was in the electoral contest, but that night, he issued a statement preserving all the commitment.
In December 2007, he was again elected to the National Executive Committee of the ANC, this time in 30th place with 1,910 votes.
On May 20, 2012, Derek Hanekom, a prominent member of the ANC Afrikaner, asked Ramaphosa to run for president of the ANC, saying: “We need leaders of the caliber of his classmate Cyril, the money in a trust and advance by an increasingly higher position. “Although he does not know if Ramaphosa will run for president of the ANC, he has tried to calm the speculation by answering the question. Hanekom commented: “You can not read anything [in what he said].
He officially became a vice presidential candidate on December 17, 2012 and entered the race with the strong support of the Zuma camp. On December 18, 2012, he was elected vice president of the ANC. Cyril Ramaphosa received 3,018 votes, while Mathews Phosa received 470 votes and Tokyo Sexwale received 463 votes.
Cyril Ramaphosa Net Worth 2020 Forbes
Cyril Ramaphosa, according to Forbes magazine is currently worth about $450 million but with his political ambition, he might experience a bit of loss due to campaign funds and all that.
That’s all on Cyril Ramaphosa Net Worth Forbes and Biography.
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