Africa’s Richest Woman: Isabel Dos Santos

         The eldest daughter of Angola’s President, Jose Eduardo dos Santos, Isabel dos Santos got her start in business at age 24 by using her father’s influence to corner lucrative state contracts. Keeps close ties with Portugal. Kento Holding, a Maltese-registered investment firm she fully owns, holds a 10% stake in Zon Multimedia, a Portuguese media conglomerate. She acquired the stake for 164 million Euros in 2010. Also owns major stakes in Portuguese banks Banco Espírito Santo and Banco Português de Investimento, and in Energias de Portugal, which generates and distributes electricity. Forbes has announced that Isabel Dos Santos is Africa’s richest woman and the first to be worth more than a billion dollars. But her riches appear to have little to do with hard work or doing smart business.