Isabel dos Santos Net Worth and Biography
|Popular Name:||Isabel dos Santos|
|Real Name:||Isabel dos Santos|
|Birth Date:||20 April 1973|
|Birth Place:||Baku, Azerbaijan SSR, Soviet Union|
|Years active:||1990’s Till Date|
|Net Worth:||$2.1 Billion|
Isabel dos Santos is currently the richest woman in Africa and also the first child of José Eduardo dos Santos, the former president of Angola from 1979 to 2017. She is a businesswoman from Angola who earned her fortune by acquiring stakes in businesses operating in her country. Isabel was named as one of the 100 most influential woman in the world in November 2015 by BBC. Isabel dos Santos net worth in 2020 is currently estimated at $2.1 billion.
Isabel dos Santos Early Life
She was born in Baku, Azerbaijan SSR, Soviet Union on 20 April 1973 and while her father is José Eduardo dos Santos (former President of Angola), her mother is Russian-born Tatiana Kukanova. Her parents met while her father was a student in the then Soviet republic of Azerbaijan.
Isabel studied at an all girls boarding school in Kent, Cobhall Hall School and later King’s College London where she graduated with a degree in Electrical Engineering.
Isabel dos Santos Career
On graduation, Isabel returned back home to Angola where her father still took charge as president of the nation. Though still in her early 20s at this time, her father’s position and family status opened several doors for the young entrepreneur.
She started out working for a company that had recently been awarded a huge contract by the government and then started a trucking business. Isabel had the foresight of spotting the huge potentials of the telecommunications business in her country at the time the nation still made use of walkie-talkies for the most part. She in addition to getting actively involved in telecom’s industry also ventured into entertainment, opening Luanda Island’s first nightclubs. Isabel also owned a large cement business in Angola.
Her initial exploits in business were pivotal to her future success and this saw her soon expanding her business ventures internationally. She took special interest in Portuguese companies and invested heavily in them especially in ventures related to telecommunications and banking. Isabel has also been actively involved in the diamond and oil business. Several of her business are based in the Netherlands and Portugal.
Isabel has been married to Sindika Dokolo since 2002. The couple met in London where Isabel attended college and they have 3 children together. Sindika is from the now Democratic Republic of Congo.
Isabel has been facing corruption allegations and legal fireworks in her home country. The current government has since 2018 been making attempts to prosecute her for past corruption crimes some of which may have contributed to the country’s ongoing recession crisis. As a result of this issues, she had been in exile in Portugal.
A court in December 2019 ordered the freezing of her bank accounts in Angolan banks, in addition to the seizure of her shares in companies like Banco de Fomento Angola and Unitel. The Angolan government also disclosed intentions of filing legal proceedings for the purposes of confiscating her assets in Portugal.
As a result of these issues, Isabel dos Santos is currently under investigation in Portugal prompting her to recently take up residence in the United Arab Emirates (UAE).
Isabel dos Santos Net Worth
Isabel is currently the richest woman in Africa and also the first female African billionaire. Although her financial success comes with some controversy as she has been accused of corruption and is currently facing legal battles with her home country. She is still a source of inspiration to African women and women the world over and in 2015 she was named by BBC on the list of 100 most influential women in the world.
Isabel dos Santos has since 2018 focused her investments in the energy, retail, finance, media and telecommunications sectors of the economy both in Angola and other countries like Portugal and the Netherlands.
She is heavily invested in diamonds and oil business and also has interests in a cement manufaturer, Nova Cimangola. Her company Jadeium has a 4.918% stake in ZON Multimedia shares from Telefonica of Spain.
Isabel is a founding member and also sits on the board of Angolan bank in Lisbon, “Banco BIC Português” and also controls a 20% stake in Banco Português de Investimento. She also has significant shares in Sonangol, an Angolan state oil company.
Isabel dos Santos net worth in 2020 is estimated at $2.1 billion.