Africa's richest woman, Angolan billionaire Isabel Dos Santos: kleptocratic royalty

Xeni Jardin 11:42 am Thu Aug 15, 2013

Forbes has a profile of Isabel Dos Santos, Africa’s only female billionaire, also the continent’s youngest at 40 years old.

"She has quickly and systematically garnered significant stakes in Angola’s strategic industries–banking, cement, diamonds and telecom–making her the most influential businessperson in her homeland," writes Kerry A. Dolan.

"When FORBES outed her as a billionaire in January the government disseminated the news as a matter of national pride, living proof that this country of 19 million has arrived. The real story, however, is how Dos Santos–the oldest daughter of Angolan President José Eduardo dos Santos–acquired her wealth."

In a word: kleptocracy.

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