Isabel dos Santos, the eldest daughter of
Angola's president, has become Africa's
first female billionaire, US financial
magazine Forbes has said.
The 40 year old's shares in several
Portuguese firms, including a TV cable
company, and an Angolan bank put her on
the billionaires' list, Forbes said.
Her first venture was a restaurant in Luanda
called Miami Beach, said the magazine that
tracks the world's rich.
Most of the population in oil-rich Angola live
on about $2 (£1.25) a day.
Angola is striving to tackle the physical,
social and political legacy of a 27-year civil
war that ravaged the country after
independence from Portugal.
The conflict ended in 2002 and Angola has
since emerged as one of Africa's leading oil
producers and fastest-growing economies.
The family of President Jose Eduardo Dos
Santos - who has been in power for 33
years - controls a large chunk of that
economy.
"When you tease out the ownership and
controlling interests in Angola it reads like a
Who's Who of family members and party
and military chiefs," Peter Lewis, an African
studies professor at Johns Hopkins
University in the US, told Forbes.
Correspondents say Ms dos Santos is a
relatively shy public figure despite her
successful business career.
Since setting up her restaurant in the capital,
Luanda, in 1997 she has become an
influential businesswoman in Angola and
Portugal.
With a 28.8% stake in Zon, she sits on the
Portuguese media company's board and is
its largest shareholder, Forbes said.
She also sits on the board of Angola's Banco
BIC and is reported to have a 25% share of
the bank, the magazine reported.

Source - BBC news

Where the hell is the EFCC and ICPC?

bt i thought...it was a Nigerian...dat is d richest black woman??

homesteady: bt i thought...it was a Nigerian...dat is d richest black woman??

And her name is......@

Mynd_44:
And her name is......@

i've forgotten her name.....bt d story went round naw....it even made frontpage

Nigerian leading female Billionaire,
Folorunsho Alakija is no longer the world's
richest black woman according to
Forbes.
She was displaced by 40-year-old Isabel
dos Santos, the oldest daughter of
Angolan President, Jose Eduardo Dos
Santos.
Isabel has been buying more shares of
publicly traded companies in Portugal,
including shares in a bank and a cable
TV company. Those stakes, combined
with assets she owns in at least one
bank in Angola, have pushed her net
worth over the $1 billion mark, making
her Africa’s number one woman
billionaire.
However, Mrs Alakija is still the
richest woman in Nigeria.

Source - OluFamous.com