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  • Africa’s Richest Women

    While there is no single African lady today who can lay claim to a $1 billion fortune, there are about 2 or 3 African women who possess legit nine-figure fortunes. Here are nine African women, all worth at least $50 million

    Upstart: Women’s Business

    When it comes to big money, men still call the shots in Africa – just like in the rest of the world. While there is no single African lady today who can lay claim to a $1 billion fortune, there are about 2 or 3 African women who possess legit nine-figure fortunes. Here are nine African women, all worth at least $50 million:

    Isabel Dos Santos

    Nationality: Angola

    Source: Investments

    The eldest daughter of Angola’s President, Jose Eduardo dos Santos, Isabel dos Santos got her start in business at age 24 by using her father’s influence to corner lucrative state contracts. Keeps close ties with Portugal. Kento Holding, a Maltese-registered investment firm she fully owns, holds a 10% stake in Zon Multimedia, a Portuguese media conglomerate. She acquired the stake for 164 million Euros in 2010. Also owns major stakes in Portuguese banks Banco Espírito Santo and Banco Português de Investimento, and in Energias de Portugal, which generates and distributes electricity.

    Bridgette Radebe

    Nationality: South Africa

    Source: Mining

    The elder sister to South African billionaire Patrice Motsepe, Bridgette Radebe started out as a contract miner in the 80s, managing shafts and procuring for the larger mining houses. Went on to found Mmakau mining, an immensely successful mining firm with assets in platinum, gold, uranium, coal, chrome, exploration and mining interests. Also serves as president of the South African Mining Development Association. Married to South Africa’s Justice Minister, Jeff Radebe.

    Irene Charnley

    Nationality: South Africa

    Source: MTN

    Former trade unionist made first mark as a shrewd negotiator for the National Union of Mineworkers in South Africa. Went on to take up a job as an Executive Director at MTN, Africa’s largest telecoms group, where she led the company’s successful foray into several African countries. Was instrumental in negotiating for and acquiring one of four GSM licenses in Nigeria. She also helped MTN secure the second GSM license in the Islamic Republic of Iran. In return, was rewarded with huge chunk of MTN stock valued at over US$150 million. Left MTN in 2007 under controversial circumstances. Now serves as CEO of Smile Telecoms, a low-cost telecommunications operator based in Mauritius.

    Read More:

    http://blogs.forbes.com/mfonobongnsehe/2011/05/02/africas-richest-women/

    Upstart: Business and Management for 20-40 Year Old Professionals

    Filed Under: Women's Business

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