Category Archives: Investor

Isabel Dos Santos Is Africa’s Eighth Richest Person According To Forbes

The Forbes list of the richest Africans in the world has seen a decline in numbers and in assets this 2019. According to the list, four of the richest Africans in the list fell down the list, bringing the number from 23 from a year ago to 20 this year. The culprit for this decline is the falling prices of the shares as well as the devaluation of the African currencies. It has been a hard year for the continent’s economy, but Isabel Dos Santos, one of Angola’s known businesswomen, was able to rise to the eight positions.

Isabel Dos Santos is among the only two women in Forbes’ Billionaires list. From $2.7 billion, her net worth was down to $2.3 billion (€2.3 billion to €2 billion). This decline was attributed to the drop in the stock value of her holdings in Galp, Nos, and Unitel. Dos Santos owns 25% of the Angola telecommunication Unitel. Even after the decline of stock prices and the devaluation of African currencies, Dos Santos managed to rise from 9th to 8th in the list. The only other businesswoman included in the list is Folorunsho Alakijada with a net worth of $1.1 billion or €95 million.

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The current richest person in Africa is Aliko Dangote which hails from Nigeria and has been holding the title for eight consecutive years. Dangote’s net worth decline from $10.3 billion to $8.9 billion. The decline is attributed to the 20% decrease in Dangote Cement’s share price. When put all together, the value of 20 African tycoons is $68.7 billion, which is down from $75.4 billion.

Isabel Dos Santos is an Angolan entrepreneur and one of the most influential women in the country. Dos Santos is a known advocate of woman empowerment in Africa’s corporate world. In addition, she also encourages youth for interest in entrepreneurship in order to boost the African economy and improve the lives of the people.

Communications, entertainment, construction, finance, and media production are the industries in which Isabel Dos Santos found success in entrepreneurship. She has been in the industry for twenty years and has been accumulating knowledge which she shares to the youth of her country.