Africa is known for a lot of great things, but wealth and prosperity are not of them. However, when one woman from the world’s poorest continent was named its first billionaire by Forbes, her home country celebrated the news, hailing her as the ‘African Princess’.
However, the truth behind this Angolan beauty’s massive wealth is disturbingly dark, and an example of how politicians of poor nations have been looting their and widening the gap between the economic classes.
Last year Forbes named Isabel dos Santos the first African woman to become a billionaire with a net worth of $3 billion. How did she build this massive empire?
Dos Santos hails from a very strong political family, and is the daughter of Angola’s longest-reigning president, José Eduardo dos Santos, who relinquished the office in 2017.
But while the country celebrated the news of dos Santos making it on Forbes list, local newspaper reporters were getting jailed for trying to uncover the horrific stories of Angola’s corrupt leaders.
The billionaire princess recently hosted a lavish party to commemorate her 10th wedding anniversary to the affluent businessman, Sindika Dokolo.
The grandiose affair was held at a luxurious villa in Angola’s capital, Sao Miguel, attended by guests who were jetted in from around the world.
The celebrations continued for three days and the guests were treated to lavish brunches by the beaches where they toasted to a successful decade of love, friendship, and leadership. But most importantly, a decade of accumulating wealth, $3 billion to be exact.
Dos Santos has established herself as a formidable businesswoman at 40, investing in lucrative industries such as construction, banking, and rock mining, making her the youngest and only female billionaire in Africa.
However, what most people don’t know is how she exploited her family’s position of power to ask for stakes in companies in return for letting them do business in the country.
But dos Santos isn’t the only one who benefited from her father’s presidency. This is the story of every country around the world, including those that are rich in resources.
Through his daughter, the Mongolian President has found a secret passage for funneling the nation’s wealth into his family’s checking accounts, without being involved in it directly. This way, the family gets to keep the loot even after his death, and for many generations to come.