The richest woman in Angola is Isabel dos Santos. Isabel dos Santos is the daughter of Angolan president and in addition to being the wealthiest woman in Angola, she is also considered to be the wealthiest woman in Africa with a total net worth of more than 3 billion US dollars as of 2013. This feat has also made her Africa’s first and youngest woman billionaire. According to Forbes, the she has pushed her net worth over the $1 billion mark. When Forbes published her as a billionaire in January the government disseminated the news as a matter of national pride – a living proof that the country has arrived.
About The Angolan Richest Woman
Family life and Education
Isabel dos Santos is the oldest daughter of Angola’s President José Eduardo dos Santos. Born in 1973, she is about 42 years old. She is married to Sindika Dokolo, a Congolese. Isabel studied electrical engineering at King’s College, London.
Her Journey towards Wealth and Fame
In the early 1990s Isabel dos Santos returned from London to join her father in Luanda. She got employed by a German recycling company. Alongside her job, she set up a trucking business. Then, the development of a walkie-talkie system made way for her subsequent exploration of the telecommunications industry. In 1997, at the age of 24, she opened the Miami Beach Club, one of the first night clubs and beach restaurants on the Luanda Island. Over a period of nearly 20 years she expanded her business interests continuously and this led her to create several holdings in companies within the following sectors: telecommunications, media, retail, finance and the energy industry, both in Angola and in Portugal. In addition to her commercial interest in oil and diamonds, Isabel dos Santos also owns shares in the Angola cement company, Nova Cimangola. She also holds 28.8% stake in Portuguese media conglomerate Zon Multimedia.
In December 2014, Isabel dos Santos was appointed by the Togolese magazine Africa Top Success for “African of the Year”. She is currently the president of Angola Red cross.
Most Recent Holdings and Investments of Isabel dos Santos:
- Unitel International Holdings BV: change of name of Kento and Jadeium, based in Amsterdam, company-vehicle for Isabel dos Santos’ investment in telecommunications(25%)
- Santoro Finance: company-vehicle for Isabel dos Santos’ investment in Banco BPI based in Lisbon(19.5%)
- Angola’s Banco BIC(42.5%)
- Esperanza: based in Amsterdam, energy, oil etc.
- Condis: a retail business based in Luanda(51%)
However, some arguments are still on about how she managed to amass such amount of wealth even in a war-torn country like Angola. There are also some unfounded allegations being leveled against her, especially the one of Forbes magazine article which described how Isabel dos Santos acquired her wealth by taking stakes in companies that want to do business in Angola, terming her wealth as “kleptocratic”.