Isabel Dos Santos Still The Richest African Woman and 8th Richest African Says, Forbes

In spite of the fact that the fortune of the Angolan businesswoman shrunk in 2018, Isabel Dos Santos was ranked 8th in the list of African billionaires. Forbes recently released the list of richest Africans in 2019. The long list is now down to only 20 personalities mainly due to the devaluation of African currencies and the decline of the price of shares maintained by the billionaires and millionaires.

View this post on Instagram

As mulheres constroem comunidades. Somos inovadoras e solucionadoras de problemas. E acima de tudo, mulheres são líderes, que entendem o poder da colaboração, além de liderarem pelo exemplo. Têm um enorme potencial e talento ilimitado, mas todo esse potencial requer oportunidade. Eu acredito que promover o potencial económico das mulheres em particular será a chave para o sucesso. Vamos viver esta semana com pensamento positivo e olhos no futuro 🤞🏾 #SharingbyIsabeldosSantos #WomenEmpowerment #Mulheres Women are community builders. We are innovators and problem solvers. And most of all women are leaders, who understand the power of collaboration as well as leading by example. Women have huge potential, and limitless talent: but all of this potential requires opportunity. I believe that unlocking the economic potential of women, in particular, will be the key to success. Let's live this week with a positive feeling and looking into the future 🤞🏾

A post shared by Isabel Dos Santos ( on

Out of the 20 richest Africans, only four suffered from a decrease in wealth. One of them is the 2013’s richest African Woman, Isabel Dos Santos. The Angolan representative in the list of the wealthiest in Africa, despite the decline of wealth, managed to land on the Forbes 8th spot. See more on

Her wealth fell in 2019 to around €2.3 billion from €2.7 billion in 2018. The decline in her wealth could be attributed to the weakening of the value of her shares in Galp and Nos. The decline in the value of stocks of Unitel, an Angolan telecom company, which Isabel owns 25 percent also contributed to the decline of her fortune. Despite all these, Isabel Dos Santos still rose from her last year spot in the richest list.

The top spot is owned by the richest person in Africa for 2019, Nigerian Aiko Dangote. He has been dominating the list for eight consecutive years. His equity is around $10.3 billion this year and $8.9 billion in the previous year. The Nigerian’s greatest asset is Dangote Cement.

The second richest man in Africa in 2019 is the Nigerian Mike Adenuga with approximately $9.2 billion equity. He owns Globacom, the third largest mobile communications network in Nigeria. He also owns the oil exploration company Conoil Producing.

Of the 20 African billionaires and millionaires named by Forbes, only a couple of them is women. They are Nigerian Folorunsho Alakijada and Angolan Isabel Dos Santos. The Nigerian has total equity this year of around $1.1 billion. This means that in the category of wealthiest women in Africa, Isabel Dos Santos still holds the crown as the richest.

In terms of country in Africa with most millionaires, Egypt and South Africa top the list. Both countries have five millionaires each. Nigeria followed with four millionaires, Morocco with two millionaires and other countries like Tanzania, Angola, Zimbabwe, and Algeria with one millionaire/billionaire each. Visit