09:05 pm
27 May 2017

Top 10 Richest African Women

Here are the top 10 richest African women. Africa is a continent where women are generally not not allowed freedom to exercise their experience and ideas when compared to their western counterparts. Though with the influx of higher standards of education, African women are beginning to experience freedom and the opportunity to become more enterprising. There are top ten women who have proven their worth, standing out to become the top 10 richest women in Africa and employers of thousands of people through companies and ventures that they manage. Africa Cradle profiles the top 10 wealthiest women in Africa.

1. Isabel Dos Santos – The Richest Woman in Africa


Isabel Dos Santos is a 40 year old woman and the oldest daughter of Angolan President José Eduardo dos Santos. She is in the board of directors of several companies in Angola and Portugal including media company and major banks in Portugal with interests in oil and diamonds. She also has shares in Angolan cement company Ciminvest and the Banco Africano de Investimentos. Before these series of investments that brought her to this level, she studied engineering at the King’s College, London and started her first business when she was 24 years old. She holds more than 14 per cent stake in Portuguese media conglomerate Zon Multimedia. She also owns major stakes in Portuguese banks Banco Espírito Santo and Banco Português de Investimento, and in energy firm Energias de Portugal. Her investments have pushed her over the $1 billion mark making her the first African woman to become a billionaire. Tracing the source of the funds, there is no clear cut evidence of how she made her money according to Forbes judging by how business is conducted in Angola with respect to the ruling party. Isabel Dos Santos is Africa’s richest woman