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.
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