South Africa's Billionaires List Revealed
South Africans were shocked to see the top 10 billionaires in the country, with President Cyril Ramaphosa being the least wealthy.
According to a list shared on TikTok, President Ramaphosa came in last place with a net worth of R7.75 billion.
His billionaire status stems mainly from his business career before becoming president.
After leaving politics in the mid-90s, Ramaphosa founded the Shanduka Group, an investment holding company, and built stakes in several big South African and multinational companies.
One of his notable investments is the Phala Phala Game Farm, which is also a significant contributor to his wealth.
Autor's resume: South Africa's billionaires list includes President Ramaphosa.