Over the past few years Isabel dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos, 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 Isabel dos Santos owns in at least one bank in Angola, have pushed her net worth over the $1 billion mark, according to research by FORBES, making the 40-year-old Africa’s first woman billionaire.

  • queso (The Corp)

    I thought that nigerian chick… The oil broad was Africa’s first female billionaire.

    • Mister Mister

      @queso (The Corp) I believe she is, but I doubt Forbes wants to give her the props like that.  There’s so many hidden millionaires & billionaires that go unnoticed in Africa it’s not even funny

  • BullnBearHP

    I believe Nigerian Billionaire Oil Tycoon Folorunsho Alakija was the first African woman.

  • MoorFedayeen

    This is all cool and Hahz posted another black female billionaire a few months back that I enjoyed reading but it makes me wonder. Dubai is FULL of money but on the other hand the rest or majority of the middle east starves and is ravaged by conflict and poverty. Those Saudi billionaires and wealthy kings really couldn’t care less either. Hope this aint the same type of deal.

    • crabapples

      @MoorFedayeen of course it is.  she gets her money from oil just like them.  she personally owns offshore oil blocks and collects royalties and concession payments directly from companies like chevron, shell and exxon mobil.   and then her family keeps a portion of the taxes that oil companies pay also.  so she is double dipping.  and then on top of that , she owns the major cell phone company Unitel and the only cable provider,  and she owns the companies that sell cement to construction companies (yes there is only one cement provider in all of Luanda).  And the also owns properties all over luanda and rents them to  expatriates.  Meanwhile, the ordinary citizen is starving or living off bread and coca cola (which is ridiculously cheap there).

      • Nuttyboy

        @crabapples  @MoorFedayeen You’re absolutely right. Unitel is just one of the examples of her monopolies in a country so wealthy, but underdeveloped.

        • MoorFedayeen

          @Nuttyboy  @crabapples I knew it. Life aint no fairytale. Soon as I heard you say “only” as in she got a monopoly I knew what was up. She’s an elitist that prob don’t even dig most common blacks. Well, at least she black dickin other blacks instead of an Anglo.

  • BzB

    a billionaire at 40…that’s what up. definitely someone to keep an eye on.

  • Nuttyboy

    This is not something to be proud of. She is not a self made billionaire. She has used her position as the first daughter in a country wealthy with oil money to reach this position. Angola doesn’t have a thriving and diverse economy, because she uses a monopoly on banks, radio station, telecommunication, and other businesses to make her money. In addition, her brother is in charge of Angola’s multi billion dollar sovereign wealth fund. Unfortunately, there are many politicians in Africa who continue to use their positions to enrich their families and create dynasties while many are suffering. It’s a shame.

  • Greg4422

    Well aparrenly she’s a criminal, but then how many of these white billionares are doing illegal activiites?

  • TheJudge

    That is false, Nigerian  Oil Tycoon Folorunsho Alakija was the first Billionaire African woman. Many hidden millionaires & billionaires in Africa esp. in nigeria

  • jamar

    the richest contry on planet earth is the Congo…i hope them dudes over their grow up and start controlling their own wealth…they have lots of natuaral things that the whole planet needs…a lot of things inside these computers and cell phones come from the Congo.

    • MoorFedayeen

      @jamar Hence the reasons for the genocides the UN ignores

  • Ricardo Porto

    Now,she can help the increasing starving Population of Angola.