Folorunsho Alakija Replaced By Isabel Dos Santos as the Richest Black Woman in Africa

Nigerian female Billionaire, Folorunsho Alakija has been displaced as the richest black woman in Africa according to Forbes.

She was replaced by Isabel Dos Santos, the oldest daughter of Angolan President Jose Eduardo Dos Santos.

Isabel has been buying more shares of publicly traded companies in Portugal, including shares in a bank and a cable TV company. Those stakes, combined with assets Isabel dos Santos owns in at least one bank in Angola, have pushed her net worth over the $1 billion mark. She is 40.