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Meet Africa’s Richest Women (Forbes List)

Filed under : Africa

Hey lovely ones!


Thanks to the fabulous Saran Kaba Jones of FaceAFRICA for apprising me of the Forbes 2011 list of Africa’s richest women!

I was surprised that Dr. Precious Moloi-Motsepe was not on this list. After all her husband, Patrice Motsepe is one of the SIX people of color that are billionaires (out of a total of 1,210 billionaires world-wide)!

Africa’s richest man is Aliko Dangote with net worth of US$13.8 billion; Then Saudi billionaire, Mohammed Al-Amoudi who remains true to his Ethiopian roots. (His father is Saudi and his mother is Ethiopian.) with networth of US$12.3 billion; South African mining magnate trained as a lawyer, Patrice Motsepe has net worth of US$3.3 billion (he is richer than Oprah y’all!). Then my favorite talk-show, the queen of media, Oprah Winfrey is up next with net worth of US$2.7 billion. Then Nigeria’s Mike Adenuga with a net worth of US$2 billion. And finally Sudanese-born telecoms magnate, Mo Ibrahim with net worth of US$1.8 billion.

Dr. Precious, as I like to call her is a force in her own right!

Just google her…*smile*

Dr. Precious Moloi-Motsepe

Nationality: South Africa

Source: Mining/Fashion

So according to Forbes:

When it comes to big money, men still call the shots in Africa – just like in the rest of the world. While there is no single African lady today who can lay claim to a $1 billion fortune, there are about 2 or 3 African women who possess legit nine-figure fortunes.

Here are nine African women, all worth at least $50 million:

.Isabel Dos Santos

Nationality: Angola

Source: Investments

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.

Bridgette Radebe

Nationality: South Africa

Source: Mining

The elder sister to South African billionaire Patrice Motsepe, Bridgette Radebe started out as a contract miner in the 80s, managing shafts and procuring for the larger mining houses. Went on to found Mmakau mining, an immensely successful mining firm with assets in platinum, gold, uranium, coal, chrome, exploration and mining interests. Also serves as president of the South African Mining Development Association. Married to South Africa’s Justice Minister, Jeff Radebe.

Irene Charnley

Nationality: South Africa

Source: MTN

Former trade unionist made first mark as a shrewd negotiator for the National Union of Mineworkers in South Africa. Went on to take up a job as an Executive Director at MTN, Africa’s largest telecoms group, where she led the company’s successful foray into several African countries. Was instrumental in negotiating for and acquiring one of four GSM licenses in Nigeria. She also helped MTN secure the second GSM license in the Islamic Republic of Iran. In return, was rewarded with huge chunk of MTN stock valued at over US$150 million. Left MTN in 2007 under controversial circumstances. Now serves as CEO of Smile Telecoms, a low-cost telecommunications operator based in Mauritius.

Pam Golding

Nationality: South Africa

Source: Real Estate

One of South Africa’s most well known real estate icons, she founded Pam Golding Properties in 1976 with no start-up capital and a sales assistant. The company is now one of South Africa’s largest independent property trading companies. 2010 turnover: US$1.7 billion (11 billion rand). Has retired from active management; still remains chairperson. Now devotes energy to philanthropy.

Wendy Appelbaum

Nationality: South Africa

Source: Insurance

The only daughter of former South African billionaire Donald Gordon, Wendy was a director at Liberty Investors, the previously listed holding company of the Liberty Group – the insurance and real estate concern her father founded. Sold off her stakes; became cash rich. Together with husband, Hylton Appelbaum, purchased DeMorgenzon, a wine estate in Stellenbosch. Has donated US$23 million (R150 million) to create the Gordon Institute of Business Science (Gibs), and the Donald Gordon Medical Center. Wendy chairs the South African Women’s Professional Golfers’ Association.

Elisabeth Bradley

Nationality: South Africa

Source: Investments

Elisabeth Bradley’s father Albert Wessels brought Toyota (TM) to South Africa in 1961. In 2008, Wesco Investments, a South African holding company which she controls, sold off its 25% stake in Toyota South-Africa to Toyota Motor Corp. in Japan for US$320 million (R2.1 billion). She walked away with at least US$150 million (R1 billion). Bradley has served on the boards of blue chip companies such as Standard Bank Group, Hilton Hotel and Roseback Inn.

Mamphela Ramphele

Nationality: South Africa

Source: Investments

The one-time managing director of the World Bank Group now heads Circle Capital Ventures, a leading Black Economic Empowerment (BEE) Private Equity firm. The medical doctor and former anti-apartheid activist is also one of Africa’s most prominent board room gurus. Directorships include Anglo-American, Remgro and Mediclinic. Also serves on the Board of Trustees for the Rockefeller Foundation, the Mo Ibrahim Foundation and the Alliance for a Green Revolution in Africa.

Sharon Wapnick

Nationality: South Africa

Source: Real Estate, financial services

One of the largest individual shareholders in Octodec Investments and Premium Properties, both property loan stock companies listed on the Johannesburg Stock Exchange. Her father, Alec Wapnick, founded both companies. She serves as a non-executive director at Octodec, and is a partner at TWB Attorneys, a successful commercial law firm in Johannesburg.

Wendy Ackerman

Nationality: South Africa

Source: Retail

Along with her husband, Raymond, she controls the Ackerman Family Trust which owns close to 50% of Pick ‘n’ Pay, one of South-Africa’s largest retail outlets.  The US$3 billion (market cap) company has operations in Namibia, Mozambique, Namibia, Zambia, Zimbabwe and Australia. Wendy serves as an executive director of the group. Arts connoisseur is a trustee of the Cape Town Opera Trust.




farai – who has written posts on Farai Today.

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  • Gelsondcastro

    Isabel dos Santo uma mulher muito inteligente usou a influencia e criou muitos inpregos para muitos Angolano

  • Willypiassa

    Pelo menos tem investido em Angola. Mas isto não invalida o facto de ser favorecida pelo facto do pai ser o presidente da república: isto é cabritismo e é o cancro que inferma a áfrica.

  • Rdking

    Porra. E depois o pai vem com discursos a dizer que luta pela justica social para os Angolanos. Jamais! Abaixo o Jose Eduardo dos Santos e toda e essa corja

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  • Getlost

    Tem que haver fraude e desvios de dinheiro. Economista e Professor de Negocios na Universidade DeVry; sei que jamais alguem conseguiria acumular uma fortuna deste vulto comecando do zero ou com trabalho honesto em tao pouco tempo, especialmente em Africa. Ela nao investe em Angola; ela ajuda o pai a sugar Angola. Tenham vergonha…