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Monday, January 28, 2013

Isabel Dos Santos Is Africa's First Woman Billionaire...Forbes

The clue was in the wedding. When Angola's Isabel dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos, married a Congolese art collector in 2003, there were reports that a choir was flown in from Belgium and two charter planes delivered food from France. African presidents were among 100 guests at the extravaganza, which cost an estimated $4m (£2.5m).

Over the past few years Isabel dos Santos has been buying more shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company. Those stakes, combined with assets Isabel dos Santos owns in at least one bank in Angola, have pushed her net worth over the $1 billion mark, according to research by FORBES, making the 40-year-old Africa’s first woman billionaire.

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