Gill Marcus Net Worth 2023, Birthday, Family, Salary, South African Reserve Bank

Gill Marcus net worth

Gill Marcus Net Worth

How much is Gill Marcus worth? Gill Marcus’s net worth is estimated at around $3 million. Her main source of income is from her primary work as a former banker and politician.

Gill Marcus Salary

Gill Marcus’s salary per month and other career earnings are over $59,000 dollars annually.

Bio

Gill Marcus is a former South African banker and politician born on August 10, 1949. She worked as Governor of the South African Reserve Bank from 2009 to 2014. She was the first and only woman and the ninth person to hold the position.

Marcus was born in Johannesburg to South African-born parents. Her grandparents were Jewish immigrants from Lithuania. Her mother and father were anti-apartheid activists and members of the South African Communist Party (SACP). Gill’s family went into exile in 1969, together with her two sisters and brother.

She attained her degree from the University of South Africa, with a BComm in Industrial Psychology in 1976. She joined the SACP and the African National Congress (ANC) in 1970 and started working for the exiled ANC’s Department of Information and Publicity (DIP) in London, later becoming the DIP’s deputy secretary.

She moved back to South Africa in 1990 after the ANC was unbanned. She established the ANC’s Information Department in 1990. She was first elected as a Member of Parliament in 1994 and became Deputy Minister of Finance in the Government of National Unity of Nelson Mandela from 1996 to 1999, serving under Trevor Manuel.

In 1999 she became Deputy Governor of the Reserve Bank under Tito Mboweni. She held the post for five years but left due to a personality clash with Mboweni.

She then held the Professorship of Leadership and Gender Studies at the Gordon Institute of Business Science, before going into business, initially as chairman of Western Areas mining company and later as non-executive director of Gold Fields. In 2007 she succeeded Danie Cronjé as chair of Absa Group and Absa Bank.

In July 2009, President Jacob Zuma announced that she would return to the Reserve Bank to succeed Mboweni as Governor. The appointment was welcomed by both economists and trade unionists. In November 2014, She resigned as Governor of the South African Reserve Bank after serving for five years.

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