Who is the richest woman in Africa?

Who is the richest woman in Africa? – Top 5

Isabel Dos Santos

Who is the richest woman in Africa? – Top 5

Angolans call her “Princess”, and Forbes magazine named her the youngest and first female billionaire in Africa. Recently it was even shown on the BBC in the list of the 100 most powerful women. Meet Isabel Dos Santos – the eldest daughter of José Eduardo Dos Santos, in order to know – the President of Angola since 1979.

According to the latest data, Isabel Dos Santos net worth is estimated at $ 3.7 billion. She is supposed to be the richest woman in Africa. At the time as the international media presents her as a hard-working and independent business woman, who creates in Africa opportunities for development and who has achieved the net worth by honest way.

But this story has a reverse dark side… In 2015, Angola became the largest oil producer in Africa and was included in five countries among diamond miners on the continent. Despite double-digit increase in economic growth over the last decade, more than two-thirds of Angola’s population lives on less than $2 per day.

According to the corruption perception Index, Angola is among the 14 most corrupt states all over the world – and the people began to doubt that Isabel had become the richest woman in Africa by honest way.

Folorunsho Alakija

Who is the richest woman in Africa? – Top 5

It is also worth mentioning about Folorunsho Alakija. She got the second place in the rating. She is also one of the newcomers in the world of big money. Oil tycoon and fashion designer, Nigerian Folorunsho Alakija first appeared in the Newspapers, when many people wanted to buy her oil field. Brazilian oil company “Petrobras” owns only 8% of the shares in the Alakija’s oil field in the Niger Delta, and they plan to earn $1 billion a year.

This estimate means that 60% of the shares of Alakija cost $7.3 billion, making it possible for her to be at the top of the list. Of course, this amount is only a calculation, but Alakija could theoretically sell her stake and get money for it, that is, to do what the billionaires rarely do.

Hajia Bola Shagaya

Who is the richest woman in

Africa? – Top 5

It may be strange as they see this woman, but nevertheless, she is a billionaire from Nigeria. A few only know about her cleverness and possibility to work really hard.

She decided to start her career being an employee of the Central Bank of Nigeria. Later she weighed all the pros and pros and venture into the commercial deals, since 1983. She became a well-known person in Nigeria due to the distribution of Konica brand production of different photographic materials.

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She has managed to carve out a niche in the market to gain a good net worth. Her business experience helped her to start importing and distributing base oil from her native country – Nigeria. Now Hajia Bola Shagaya is also the director in one of her companies – Practoil Limited.

Ngina Kenyatta

Who is the richest woman in Africa? – Top 5

This woman probably might be the richest woman in Africa, as she is a mother of the fourth President of Kenya as well as the former First Lady in the country, being a wife of the 1st President. That is why her family is supposed to be one of the wealthiest on the continent. She has succeeded in safeguarding and multiplying her husband investments.

Nowadays this huge Empire consists of different sectors: hotel business, education, banking and farming, real property assets. Such companies as Heritage and Brookside Dairies, also Commercial Bank of Africa now are assembling the biggest money flow for her family.

Wendy Appelbaum

Who is the richest woman in Africa? – Top 5

There are two types of rich people. Those, who are supposed to be self-made, financially independent people and those, who inherited their wealth. Wendy Appelbaum is the only daughter of Donald Gordon – tycoon from South Africa. Previously she was a shareholder in one of her father’s foundation, but she managed to sell the assets in order to be cash rich. Together with her husband they purchased famous wine estate. She is also engaged in philanthropy, donating over $23 million.