The two Africa billionaires
According to Forbes 2018 African billionaire’s list, Isabel dos
Santos, the eldest daughter of Angola’s longtime former president, Jose
Eduardo dos Santos, has emerged Africa’s richest woman with a whopping
$2.7 billion.
Out of the 23 African billionaires featured on Forbes 2018 list,
only two are women; Isabel dos Santos and Folorunsho Alakija, unchanged
from last year. Isabel dos Santos is worth an estimated $2.7 billion
this year, down from $3.2 billion a year ago.
Here are the billionaire business women’s profiles according to Forbes;
Isabel dos Santos
Net worth: $2.7 billion
Origin of wealth: Investments
Age: 44
Country: Angola
Isabel dos Santos is the oldest daughter of Angola’s longtime
former president, Jose Eduardo dos Santos, who stepped down in fall
2017. Her father made her head of Sonangol, Angola’s state oil firm, in
June 2016, but Angola’s new president removed her from that role in
November 2017.
Forbes research found that while president, Isabel’s father
transferred to her stakes in several Angolan companies, including banks
and a telecom firm. She purchased shares of Portuguese companies,
including telecom and cable TV firm Nos SGPS.
A spokesperson for Isabel told Forbes that she “is an independent businesswoman and a private investor representing solely her own interests.”
Folorunsho Alakija
Net worth: $1.6 billion
Origin of wealth: Oil
Age: 67
Country: Nigeria
Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil
exploration company with a stake in Agbami oil field, a prolific
offshore asset.
Famfa Oil’s partners include Chevron and Petrobras. Alakija’s first
company was a fashion label whose customers included the wife of former
Nigerian president Ibrahim Babangida.
The Nigerian government awarded Alakija’s company an oil
prospecting license in 1993, which was later converted to an oil mining
lease. The Agbami field has been operating since 2008; Famfa Oil says it
will likely operate through 2024.
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