Forbes has been publishing a list of rich investors annually. They always keep track of these peoples net worth. As a result, they can make sure that the list has some form of accuracy. Although Forbes formulates a list that contains all the rich investors globally, in this context, the main focus will be in Africa.
Although Africa is underdeveloped when compared with other nations, the continent has been able to produce billionaires. Despite women being victimized and being denied opportunities, some of the women have been able to overcome these challenges, and they are happy that they have succeeded against all the odds. Isabel dos Santos is one of these women, and she is happy to be a self- proclaimed billionaire. In 2018, she was the ninth richest African billionaire. However, she became the eighth richest African billionaire in 2019.
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The changes took place since some of the African billionaires have lost a significant percentage of their wealth. Some of these billionaires deal in stocks, and they are amongst the largest shareholders in some of the companies where they have acquired a significant amount of shares. The African currencies also lost some value, and that is why the percentage of these peoples wealth reduced drastically. In 2019, there were only 20 billionaires from Africa. Despite all these changes, Isabel dos Santos has maintained her wealth accordingly. Isabel dos Santos is from Angola, and he has made a significant investment within the nation.
Her net worth in 2018 was $2.7 billion. Since some significant changes had taken place, her net worth dropped to $2.3 billion. Isabel dos Santos has significantly invested in the telecommunication sector through Unitel. As the largest shareholder at the firm, the devaluation of the stocks affected her net worth. Other companies where she has invested include Galp.
Other billionaires who have made it to the Forbes list include Akilo Dangote. Over the past eight years, the entrepreneur has managed to maintain the position one of the Forbes list of African billionaires. Dangote is from Nigeria, and his net worth amounts to $10.3 billion. The devaluation of the currencies also affected his net worth. Nevertheless, he is still the richest African entrepreneur. Some of the companies where he is a major shareholder include Dangote cement.