Forbes names Isabel dos Santos Africa’s first female billionaire

Thursday 31st, January 2013 / 18:20 Written by


© Viking1924

© Viking1924

For the first time, Forbes list of the world’s most wealthy includes a female African billionaire. Starting with a small restaurant in Angola, 40-year old Isabel dos Santos reached a net worth over the $1 billion mark in buying shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company and at least one bank in Angola.

Just like the actual fortune the oldest daughter of Angolan president José Eduardo dos Santos has made, so does the source of funds and corporate governance remain murky, Kerry A. Dolan points out in a portrait on Isabel dos Santos for Forbes.

Read more about Angola’s latest investments in Portugal, its former colonial power:

Portugal at sale for Angola’s investment

Visit Angola’s capital Luanda, believed to be the most expensive city in the world:

The Economist – Boom boom

Kerry A. Dolan’s portrait of Isabel dos Santos for Forbes reveils a number of unanswered questions

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About the author

Marius Münstermann is based in Berlin where he works as a freelance journalist. Marius serves as editor-in-chief at

View all articles by Marius Münstermann

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