- To commemorate International Women’s Day we will look at the two wealthiest women in Africa
- They are Isabel Dos Santos from Angola and Folorunsho Alakija from Nigeria
- The two women have both earned a lion’s share of their wealth by leading their country’s leading oil companies
We will take a look at the richest women in Africa according to the Forbes magazine.
The two richest women in Africa are both ‘oil queens’. They are Isabel Dos Santos from Angola and Folorunsho Alakija from Nigeria.
Isabel Dos Santos is the daughter of Angola’s president, Jose Eduardo Dos Santos, and has an estimated wealth of around $3.2 billion.
Isabel is the head of the Angolan oil company ‘Sonangol’ since 2016 and she accumulated most of her wealth through investments in Angola and Portugal. In Angola she owns 25% of the largest phone network, 42% of Banco OIC, an Angolan Bank, among other investments.
Back in Portugal she owns large amounts of shares in the country’s largest bank and in an oil and gas company.
A spokesperson for Isabal stated: ‘‘Her investments in Angolan and/or in Portuguese companies are transparent and have been conducted through arm’s length transactions involving external entities such as reputed banks and law firms.”
Isabel is married and has three children.
A 66-year-old Folorunsho Alakija is the vice chair of Famfa Oil, a Nigerian oil exploration company. Famfa Oil is one of the largest Nigerian crude oil exporters.
She has an estimated wealth of about $1.63 billion.
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In addition, Folorunsho created her own elite fashion label.
She is married and has four children.