Forbes is reporting that Nigerian businesswoman Folorunsho Alakija who was late last year reported to be the ‘Richest Black Women in the World’ has been displaced.
Isabel dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos is now believed to be at the number one spot.
Santos has been buying more shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company. Combined with assets the 40-year-old owns in at least one bank in Angola, she has reportedly pushed her net worth over the $1billion mark.
Late last year, Ventures Africa reported Alakija founder and owner of Nigerian oil company, Famfa Oil displaced media mogul Oprah Winfrey as the richest black woman in the world, causing a media frenzy especially in Nigeria.
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