Top 5 richest women in Africa

Women are also billionaires and millionaires in Africa, Although their fortunes fluctuate, Latest reports reveal that a number of African women have built up huge fortunes and joined the ranks of the continent’s richest people.

these women have consistently appeared on the richest women’s list. Let’s take a look at their net worth:

1. Folorunsho Alakija (Nigeria)

Forbes estimates that his net worth will exceed $1 billion in March 2023. Alakija is an entrepreneur and philanthropist with interests in fashion, oil, real estate and printing. She is the Executive Vice Chairman of Famfa Oil Limited and the founder of the Rose of Sharon Group.

2. Ngina Kenyatta (Kenya)

She is affectionately known as Mama Ngina. Ngina has an estimated net worth of $1 billion as of May 2022. She is the mother of former Kenyan President Uhuru Kenyatta and has major investments in banking, media and dairy.

3. Hajia Bola Shagaya (Nigeria)

Hajia Bola Shagaya is a successful businesswoman with a net worth of $950 million, according to various publications. She is the CEO and founder of Bolmus Group International, a conglomerate with interests in oil, real estate, banking and photography. She was also a board member of Unity Bank Plc.

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4. Isabel dos Santos (Angola)

Once Africa’s richest woman, her current net worth is disputed due to legal troubles and asset freezes. Estimates range from $2.2 billion (Forbes, January 2020) to much lower figures. Dos Santos has previously worked in a variety of industries, including oil, media and telecommunications, but her assets are now under investigation and some have been frozen.

5. Wendy Appelbaum (South Africa)

She is the richest woman in South Africa, with a net worth of $168 million, equivalent to 2.6 billion South African rands, and is chairperson of Demorgenzon Wine Estate, a wine and agricultural company in Stellenbosch. She sits on the boards of various companies and organisations.

While this list is impressive, African women still have a long way to go to reach parity with their male counterparts.