Who is richer between South African President Cyril Ramaphosa and billionaire Patrice Motsepe?

Patrice Motsepe is a South African billionaire businessman and the founder and executive chairman of African Rainbow Minerals. He was the first black African to appear on the Forbes list of billionaires, ranking as the 8th richest man in Africa and the first and only South African black billionaire.

His estimated net worth is $3.2 billion. Cyril Ramaphosa is a South African politician and businessman. He has been the president of South Africa since 2018 and the Deputy President of the African National Congress (ANC) since 2012. His estimated net worth is $450 million. Based on these figures, Patrice Motsepe is significantly wealthier than Cyril Ramaphosa.

Motsepe holds an estimated net worth of $3.2 billion compared to Ramaphosa’s estimated net worth of only $450 million. As such, Patrice Motsepe is the much richer of the two.

A look at Patrice Motsepe and Cyril Ramaposa’s business empires

Patrice Motsepe’s sources of income

He is the founder and executive chairman of African Rainbow Minerals, which has interests in gold, ferrous metals, base metals, and platinum. He is also the founder and chairman of Mopani Copper Mines, a joint venture with Glencore. Motsepe‘s primary source of income is his investments in African Rainbow Minerals, which has interests in gold, ferrous metals, base metals and platinum.

He is also the majority shareholder in Mopani Copper Mines, a joint venture with Glencore. Motsepe also has investments in real estate and private equity. Motsepe has also diversified his investments and is involved in multiple industries. He is the chairman of Sanlam, a financial services company, and has interests in banking, insurance, and asset management. He also has investments in media and technology companies, as well as in various renewable energy projects.

Motsepe‘s philanthropic activities are also a source of income. He is the founder and chairman of the Motsepe Foundation, which has provided grants to hundreds of non–profit organisations in South Africa and beyond. He is also the chairman of the African Rainbow Foundation and the African Rainbow Endowment, which focuses on health, education and other social causes. Motsepe is also a major shareholder in Harmony Gold Mining Company and invests in several other companies, including AYO Technology Solutions, a South African IT company.

His other investments include shares in the South African Diamond and Precious Metals Regulator (SADPMR). Motsepe is also a major shareholder in Blue Label Telecoms, a South African telecommunications company. In addition, he has investments in various other companies, including the South African energy company Sasol, the New York–based asset management firm BlackRock, and the London–based investment bank Barclays.

Cyril Ramaphosa’s sources of income

He is a South African businessman, politician, and trade union leader. He is the current President of South Africa and was formerly the Deputy President of the African National Congress (ANC). Ramaphosa‘s sources of income include his personal earnings from his business interests, board directorships and his salary as President of South Africa.

Ramaphosa has a range of business interests in various sectors, including mining, energy, banking and telecommunications. He is the former chairman of South Africa‘s largest telecommunications company, MTN Group. He is also the chairperson of Shanduka Group, an investment holding company with stakes in various industries. Ramaphosa also serves on the boards of several listed companies, such as Standard Bank, Sasol and McDonald‘s South Africa.

In addition to his business interests, Ramaphosa receives a salary as President of South Africa. According to the South African government, the current President‘s salary is R3.9 million annually. This is the highest salary of any public official in South Africa. Ramaphosa also receives income from investments, including shares in listed companies, which he purchased with his money.

He is also entitled to a pension from the trade union he used to lead, the National Union of Mineworkers. In summary, Ramaphosa‘s sources of income include his personal earnings from business interests, board directorships and his salary as President of South Africa. He also receives income from investments and his pension from the National Union of Mineworkers.