Richest Woman in Africa – Top Billionaire Females from Africa
This article presents the richest woman in Africa. Among the people of this continent, of all the countries, there are only 18 billionaires of which only one is a woman. The name of that woman in Isabel Dos Santos and she is the only black woman billionaire from Africa.
Must Read: Richest Man in Africa
#1) Isabel Dos Santos
Net Worth: $2 billion
She hails from the country of Republic of Angola which is situated in the Southwestern Africa. Isabel Dos Santos is the daughter of Angolan President Jose Eduardo. Her wealth is self-made and this wealthiest African woman started her business career with a small restaurant in Angola named Miami Beach. Since then, she invested in several small companies. Her largest, most valuable stakes include 25 percent ownership of Unitel which is a mobile phone service providing company. Some of the media reports also suggest that she inherited stakes of her father in many firms across Angola. Her representatives deny this claim of media. With her returns and profits, she has also begun investing in banks and entertainment companies in Portugal.
When her net worth crossed the $1 billion mark, she became the first woman from Africa to have a billion dollar wealth. In the world, she is the second richest black woman while the first spot is filled in by Oprah Winfrey. Isabel’s ethnicity is black and in the list of black billionaires in the world, she ranks sixth. When it comes to academics, she holds an engineering degree from the prestigious King’s College of London. She owns shares of ZON Media which is a cable TV company in Portugal and she also has stakes in Banco BIC which is one of the largest banks in Republic of Angola.
#2) Folorunsho Alakija
Net Worth: $2.5 Billion
Though not a billionaire, but Alakija’s wealth makes her sufficient to qualify as the second in Africa and one of the wealthiest in the world after Oprah and Isabel Dos Santos. Folorunsho Alkija is a citizen of Nigeria and she is the richest woman in Nigeria. She holds stakes in Famfa Oil which is an oil company in Nigeria. During her early business career, she was a fashion designer catering to the needs of the upper class in her country. She is also actively involved in philanthropy with her widow-supporting foundation name ‘Rose of Sharon Foundation’.
Alakija started her career with a job but soon she realized that fashion was the real call. And she went to England to join a fashion designing institute. There she learnt it from one of the best institutes and then returned to Nigeria for catering to clients like wife of former dictator of Nigeria. Few of her clients were wives of military leaders of Nigeria. Later, she ventured into oil extraction by getting permission from the government to explore oil in a thousand acres of lands.