Top 10 Richest Women in Africa and Net Worth 2020

Top 10 Richest Women in Africa and Net Worth 2020

Top 10 Richest Women in Africa – Africa is the world’s second largest and second most-populous continent, being behind Asia in both categories. At about 30.3 million km2 (11.7 million square miles) including adjacent islands, it covers 6% of Earth’s total surface area and 20% of its land area. With 1.2 billion people as of 2016, it accounts for about 16% of the world’s human population.

Africa is a continent where women are generally not allowed freedom to exercise their experience and ideas when compared to their western counterparts.

Though with the influx of higher standards of education,  are beginning to experience freedom and the opportunity to become more enterprising.

Below are some of the thing that kept them going, they are strong willed, this men are very focus, they thoroughly know what there needed, they have strong business plan, they aim big.

Who is the Richest Woman in Africa

1. Folorunsho Alakija – $1.1 Billion

Top 10 Richest Women in Africa and Net Worth 2020

Folorunso Alakija. Folorunso Alakija (born 15 July 1951) is a Nigerian billionaire businesswoman, one of the richest African women, and one of the richest black women in the world.

Related : Top 10 Richest Men in Africa and Net Worth 2020

Folorunsho Alakija is vice chair of Famfa Oil, a Nigerian oil exploration company with a stake in Agbami Oilfield, a prolific offshore asset.

Famfa Oil’s partners include Chevron and Petrobras.

Alakija’s first company was a fashion label whose customers included the wife of former Nigerian president Ibrahim Babangida.

The Nigerian government awarded Alakija’s company an oil prospecting license in 1993, which was later converted to an oil mining lease.

The Agbami field has been operating since 2008; Famfa Oil says it will likely operate through 2024.

2. Isabel Dos Santos – $ 1.0 Billion

Top 10 Richest Women in Africa and Net Worth 2020

Isabel dos Santos is an Angolan businesswoman, Africa’s richest woman and the eldest child of Angola’s former President José Eduardo dos Santos, who ruled the country from 1979 to 2017.

She is in the board of directors of several companies in Angola and Portugal including media company and major banks in Portugal with interests in oil and diamonds.

She also has shares in Angolan cement company Ciminvest and the Banco Africano de Investimentos.

Before these series of investments that brought her to this level, she studied engineering at the King’s College, London and started her first business when she was 24 years old.

3. Ngina Kenyatta – $1 Billion

Top 10 Richest Women in Africa and Net Worth 2020

Ngina Kenyatta (born 24 June 1933), popularly known as “Mama Ngina”, is the former First Lady of Kenya. She is the widow of the country’s first president, Jomo Kenyatta (~1889–1978), and also the mother of President Uhuru Kenyatta.

Mama Ngina Kenyatta currently has a series of investments, stakes, and portfolios under her authority. She is a major shareholder in one of the largest privately owned banks in Kenya: the Commercial Bank of Africa (CBA), and a chain of hotels (Heritage).

The list is almost endless and also includes Brookside Dairies which is an East African leader in the dairy industry with market share reaching from East Africa to the Middle East.

Media Max; a media company and Timsales Timber are also part of her portfolio. The latest investments are in the real estate sector and involve the development of a 500 acre Northlands City which is hoped to be the largest gated community in the region.

4. Hajia Bola Shagaya – $930 million

Top 10 Richest Women in Africa and Net Worth 2020

Top 10 Richest Women in Africa– Hajia Bola Shagaya (born October 10, 1959) is a Nigerian businesswoman and fashion enthusiast. She is one of the richest women in Africa.

She is a businesswoman and the founder and CEO of Bolmus Group International which is a diversified Nigerian conglomerate company with interests in oil, real estate, banking where is a board member of Unity Bank PLC she is also involved in communications and photography.

Her investments span across to the oil sector, banking, and finance including real estate with hundreds of townhouses in Nigeria’s choicest neighborhoods and she also owns properties in Europe and the United States.

She is also a board member of the National Economic Partnership for Africa Development (NEPAD), a Nigerian focused business group.

5. Wendy Appelbaum – $759.3 Million

Top 10 Richest Women in Africa and Net Worth 2020

Wendy (56 years) is a South African millionaire who became a director of her father’s insurance and real estate company: Liberty Investors.

The only daughter of Donald Gordon, Appelbaum, a South African billionaire. She sold her shares to rake in her fortune. Upon selling her shares she made her own personal fortune.

She was once the Deputy Chairman of Women’s Investment Portfolio Limited (Wiphold), the first women dominated company to list on the Johannesburg Securities Exchange (JSE) with the assets in excess of R1 billion.

She is from South Africa and she became the director of her father’s real estate and insurance companies. Name of her father is Donald Gordon, who is a South African billionaire.

6. Wendy Ackerman – $ 690.2 Million

Top 10 Richest Women in Africa and Net Worth 2020

In a Wendy-dominated rich list of African wealthiest women, Wendy Ackerman is a South African retail tycoon, a Non-Executive Director of Pick N Pay Holdings Limited.

She is worth $ 690. 2 million, she runs the Ackerman Family Trust. Her husband owns about 50 percent of the major South African grocery chain Pick ‘n’ Pay.

The $3 billion South African company has outlets in Nigeria, Zimbabwe, and Australia, Namibia, Zambia, Mozambique, with Ackerman acting as Executive Director.

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