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Top 8 Richest Women in Africa

isabel dos santos

Women in Africa have come a long way in terms of achieving the same opportunities in education, employment and even business, mainly due to the promotion of the education of the girl child.

Here we will highlight some of the richest women in Africa, and these include the following:

01 – Isabel Dos Santos

Isabel is the eldest daughter of former Angolan President Jose Eduardo Dos Santos and has a net value of more than $2 billion.

Her vast wealth comes from her shares in Angolan companies such as Cimivest, Banco African De Investments which is a cement company, Zone Multimedia, and shares in Portuguese companies that incudes Banco Portuguese De Investmento, Banco Espirito Santo, energy companies such as Energias De Portugal.

She studied at the prestigious Kings College in London where she studied Engineering and at age 24 ventured into business.

02 – Folorunsho Alakija

Nigeria ‘s richest woman, Folorunsho Alakija, is estimated to have a net worth of about $1 billion and is the second richest woman on the continent.

Her vast wealth comes primarily from her share in the oil and gas exploration company Famfa Oil.

Folorunsho’s Famfa Oil was granted an oil prospecting licence in 1993, and has been one of the most prolific gas and oil companies in Nigeria.

She also had a fashion house company called Supreme Stitches, which she started in 1985 and became one of the largest designer companies in the country.

03 – Ngina Kenyatta

As you might have guessed, Ngina Kenyatta is the widow of the first black president of Kenya, Jomo Kenyatta, and the mother of the current president, Uhuru Kenyatta.

She has an estimated net worth of $1 billion dollars which comes primarily in her shares in Kenyan bank Commercial Bank of Africa, Heritage hotel chain, Brookside Dairies, Media Max and Timsales Timber.

She also has a 500 acre estate where she is developing a world class gated community in the country.

04 – Haija Bola Shagaya

Nigerian-born Haija is the CEO of Bolinus Group, a diversified company with interests in banking, oil and gas, real estate, among many others.

Her net worth is estimated to be above $600 million dollars and is a board member on the National Economic Partnership for African Development.

Her property portfolio has hundreds of properties in some of the most affluent locations in Nigeria, the United Kingdom , and the United States.

She is reported to have political ties with former Nigerian president Ibrahim Babangida, and various political and military elites.

05 – Wendy Appelbaum

South African Wendy Appelbaum is probably the richest woman in the country with an estimated net worth of over $250 million.

She is the daughter of billionaire Donald Gordon Appelbaum, who owned Liberty Investors, and when she sold her share of the business she accumulated her personal wealth.

She has investments in companies such as Stellenbosch wine estate De Mortenson and is the Deputy Chairman of Women’s Investment Portfolio Limited which has assets that exceeds R1 billion and is listed on the Johannesburg Stock Exchange.

06 – Wendy Ackerman

Raymond Ackerman’s wife Wendy is among the richest women in Africa with an estimated net worth that is just over $190 million dollars.

She runs the Ackermans Trust along with her husband and family, and her family owns as much as 50 per cent of the retail giant Pick n Pay, which has branches in South Africa , Namibia, Mozambique, Australia, Nigeria, Zambia and Zimbabwe.

07 – Irene Chamley

South African Irene Chamley is the Executive Director of MTN, who is estimated to have a net worth of $150 million and is one of the richest women in Africa.

She is a director at FNB Bank, Johnic Communications and is also the CEO of Smile Telecoms.

08 – Bridget Radebe

Bridget Radebe is a South African who owns a mining company called Mmakau Mining that has mines gold, uranium, chrome and platinum across South Africa.

Her net worth is estimated to be around $100 million dollars and is among the wealthiest black women on the continent.