Forbes Top 10 richest women in Africa 2021

Forbes Top 10 richest women in Africa 2021

Isabel Dos Santos was the richest woman in Africa 2021 until the multiple corruption cases especially from Portugal, Netherlands, and the United Kingdom  led to the freezing of her holdings worth over $1.3 billion.

 Forbes Top 10 richest women in Africa 2021 -Folorunso Alakija now becomes the richest woman in Africa with a net worth of $ 1.5 billion in 2021.

Folorunso Alakija now becomes the richest woman in Africa with a net worth of $ 1.5 billion in 2021. She owns several group of companies and is also believed to be the executive director of FAMFA Oil, her family owned oil production company.

1.Folorunso Alakija. Net Worth 2021 – $1.5 billion, Nigeria.


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Folorunsho Alakija is a 70 yr old Nigerian billionaire businesswoman and philanthropist. She is involved in the fashion, oil, real estate and printing industries.

Before Isabel dos Santos ordered to return to Angola $500 million in shares ‘tainted by illegality’,she was the Richest woman in Africa for years!
An international tribunal ruled that the billionaire and her late husband corruptly obtained a lucrative stake from the state oil company Sonangol.

  • 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.

Mrs. Folorunso Alakija is a dynamic Nigerian businesswoman and philanthropist. She was a business administrator and banker before following her heart and creative calling to join the fashion industry. Her “Rose of Sharon House of Fashion” was a household name in Nigeria. She was a two-time National President and now a lifelong Trustee of the Fashion Designers Association of Nigeria (FADAN).
Mrs. Alakija is involved in many business endeavors; she is the Vice Chairman of FAMFA Oil Limited, her family’s oil exploration and production business, seeing to its strategic planning and day to day administration, including Dayspring Property Development Company Limited- a real estate company with investments in different parts of the world. She oversees the Rose of Sharon Group as the Group MD of Digitalreality Print Ltd, a world class printing company.
Through her Rose of Sharon Foundation, Mrs. Alakija empowers widows and their children as well as orphans. In obedience to the word of God and working according to His will and purpose, she and her husband founded a house fellowship which has grown to become a full-fledged Christian Ministry known as the Rose of Sharon Glorious Ministry International.
She is an acclaimed public speaker and the first female to be appointed as Chancellor of a public university in Africa. She is a Fellow of Yaba College of Technology and holds six Honorary Doctorate Degrees. She is a prolific writer and has authored several inspirational books, including her autobiography.
She has served the nation as a member in four different committees and as the Vice Chairman of the National Heritage Council and Endowments for Arts. She also serves as the Chief Executive Matron of the African Young Entrepreneurs, an Ambassador of the Junior Chambers International and matron of several other organizations
She is an alumnus of the Lagos Business School and is a member of the Commonwealth Forum.


2.Isabel Dos Santos. Net Worth 2021 $1.4B –Before she  was worth $2.2 billion, Angola.

as of 4/7/20 She is now worth $1.4B

Isabel dos Santos is an Angolan businesswoman, the eldest child of Angola’s former President José Eduardo dos Santos, who ruled the country from 1979 to 2017.
Born: April 1, 1973 (age 48 years), Baku, Azerbaijan
Spouse: Sindika Dokolo (m. 2002–2020)
Parents: José Eduardo dos Santos, Tatiana Kukanova
Siblings: José Filomeno dos Santos, Joseana Lemos dos Santos.

  • Isabel dos Santos of Angola was once Africa’s richest woman. Forbes removed her from the billionaire ranks in January 2021 following asset freezes.
  • In 2013, Forbes found that while Isabel’s father was president, she ended up with stakes in Angolan companies including banks and a telecom firm.
  • In January 2020, Angolan authorities charged Dos Santos with embezzlement and money laundering and froze her assets. She denied the charges.
  • Her shares in Portuguese cable TV and broadband firm Nos were frozen by a Lisbon court in April 2020.
  • In January 2020, a spokesperson for Isabel said she “is an independent business woman and a private investor representing solely her own interests.”
  • Her father made her head of Sonangol, Angola’s state oil firm, in June 2016, but Angola’s new president removed her from that role in November 2017.

3.Ngina Kenyatta. Net Worth 2021 – $1.2 billion, Kenya.

Ngina Kenyatta, popularly known as “Mama Ngina”, is the former First Lady of Kenya. She is the widow of the country’s first president, Jomo Kenyatta, mother of the current president Uhuru Kenyatta.
Born: June 24, 1933 (age 88 years), Kiambu County, Kenya
Spouse: Jomo Kenyatta (m. 1951–1978)
Party: Kenya African National Union
Children: Uhuru Kenyatta, Muhoho Kenyatta, Kristina Wambui Kenyatta-Pratt, Anna Nyokabi Muthama
Parents: Anne Nyokabi Muhoho, Muhoho wa Gathecha
Siblings: George Muhoho
Grandchildren: Jaba Kenyatta, Ngina Kenyatta, Jomo Kenyatta

Net worth:$1 billion

Mama Ngina, the mother of Kenya’s fourth President, Uhuru Kenyatta, with a net worth of $1 billion (Sh86 billion) spread in real estate, banking and hospitality sectors is among the three women that made it to the Africa’s billionaire club.
Forbes reported. She controls about 500,000 acres of Kenyan land with an average price of $1,000 per acre. Kenyatta and her family also own Brookside Dairies — Kenya’s largest dairy company — and stakes in Kenyan Television station K24, a timber production company and the Commercial Bank of Africa.


4.Divine Simbi Ndhlukula. Net Worth 2021 – $809 million, Zimbabwe.

Profile photo of Divine Ndhlukula

Dr Divine Ndhlukula is a Zimbabwean businesswoman, founder and Managing Director of DDNS Security Operations Ltd which is the holding company for SECURICO Security Services. Dr Ndhlukula is also the Chairperson of ZNCC Women’s Desk.
Born: February 5, 1960 (age 61 years), Gutu, Zimbabwe
Employer: DDNS Security Operations

Divine Simbi Ndhlukula is the founder and MD of SECURICO, a leading diversified security services and systems company she founded on her kitchen table that has grown to become a leading reputable business in Zimbabwe and beyond, employing 3800 people. A Holder of 2 Masters in Business Administration from Midlands state University and a PhD degree from the Women’s University, is also involved in an integrated agribusiness operation.

Divine Ndhlukula has won many local regional and international awards for business excellence. She was recognised by Forbes as “One of the most Successful Women in Africa.” However her most prized award is seeing women economically empowered, a space she has serious passion for having gotten women to be accepted in the security sector and pioneered the ZNCC Women’s Desk initiatives like WECA, Woman Owned Brand, Mentorship in Practice and Look Learn and Share. Divine was recently elected as the ZNCC National President and sits on the National Competitiveness Commission, and other non-profit organisations that support women and children.

A proud grandmother of 2 girls, she is a widow, a loving mother, a sister, an aunt and a friend in need and deed. She believes in the guidance of Christ and is a member of the Methodist Church in Zimbabwe and a member of the Ruwadzano Manyano.

Her philosophy as an African is to remain humble, grounded and authentic. Divine can be reached on

Forbes Top 10 richest women in Africa 2021

5.Hajia Bola Shagaya. Net Worth 2021 – $650 million, Nigeria.

Hajia Bola Shagaya. Net Worth 2021 – $650 million, Nigeria.

Recognition and Awards

Hajia Bola Muinat Shagaya is Nigerian business mogul and fashion enthusiast. Bola Shagaya is the founder and CEO of Bolmus Group International, a conglomerate with holdings in real estate, oil and gas, banking and photography.

Bola Shagaya is one of the most successful entrepreneurs in Nigeria and Africa, highly recognized with the likes of Folorunsho Alakija. Unlike most prominent industrialists, she skillfully built her wealth and network. In recognition of her outstanding virtues and immense contribution to economic growth, she was recognised and awarded twice by the Nigerian government.

Member of the Order of Niger                                                            2010

Forbes’ Ten Millionaires to Watch in Africa                                     2012

National Productivity Order of Merit Award                                   2012

Award for Excellent by ThisDay Annual Awards                            2012

Bola Shagaya was born on the 10th of October, 1959 in Kwara State. She hails from Ilorin, Kwara State but resides and conducts her business mostly in Lagos. Her father, Emenike Moba was a Nigerian public servant while her mother, Adut Makur was a Sudanese seamstress.



6.Wendy Appelbaum. Net Worth 2021 – $310 million, South Africa.

Forbes Top 10 richest women in Africa 2021

Wendy Appelbaum is a South African business leader, philanthropist and one of the richest and powerful women in Africa. She is the Chairperson of DeMorgenzon Wine Estate, wine and agricultural business in Stellenbosch, South Africa.Wendy Appelbaum is the Owner and Chair of De Morgenzon Wine Estate in Stellenbosch. Wendy Appelbaum is one of Africa’s most active philanthropists, having donated over US$23 million (R274 million). The more you have the more responsibility you have to share it with those who don’t.

contd…………richest women in Africa

7.Wendy Ackerman. Net Worth 2021 – $300 million, South Africa.

Wendy Ackerman

Wendy Ackerman is a Non-Executive Director of Pick n Pay Holdings Limited. She is recognised by SA Nature Foundation for outstanding achievement and contribution to environmental conservation. She is also acknowledged by WWF (SA) as a Diamond Custodian of Table Mountain.

Wendy has numerous involvements outside of her role at Pick n Pay. These include:

Life Governor – UCT Foundation
Board Member of the AIDS Foundation
Patron of the WHEAT Trust
Fellow of the Royal Society of Arts (FRSA)
Trustee of the Cape Town Holocaust Centre
Trustee of the Cape Philharmonic Endowment Trust
Director of the Cape Philharmonic Endowment Trust
Patron of the Union of Jewish Women
Wendy has received a number of accolades throughout her career, among which was the B’nai B’rith Humanitarian Award; Woman of the Year, Union of Jewish Women, 1982. In June 2000 she received the Paul Harris Fellowship Award from Rotary International. In August 2008 Wendy received an award from CEO Magazine in recognition of her achievements in the consumer business sector: SA’s Most Influential Women in Business & Government.

Wendy’s hobbies include music, reading and gardening.

8.Irene Charnley. Net Worth 2021 – $150 million, South Africa.

Irene Charnley- richest women in Africa

Irene Charnley is a successful business and social entrepreneur and is the President of International Women’s Forum South Africa, a global organisation of over 7 000 pre-eminent women of significant and diverse achievement across 36 nations and 6 continents, and Chairman of Gibela Rail Transport Consortium.

Irene also recently served on the board of the Public Investment Corporation.

Irene is the Founder and former CEO and former deputy Chairman of Smile Telecoms, a Pan-African telecommunications group established in 2007, with broadband operations in Nigeria, Tanzania, Uganda and a presence in the Democratic Republic of Congo (“DRC”).

Irene’s successful business career was preceded as a trade unionist and key negotiator for the National Union of Mineworkers, where she spent 13 years.

International Women’s Forum South Africa
Public Investment Corporation
Smile Telecoms Holdings and all its subsidiary companies


9.Judy Dlamini, $100 Million

Source: Aspen Pharmacare

Irene Charnley- richest women in Africa

Dlamini, a medical doctor by profession, is the leading shareholder in Imithi Investments (Pty) Limited, a black economic empowerment vehicle that owns more than 4% of Aspen Pharmacare, Africa’s largest pharmaceuticals company. She is also the chairperson of a black women-owned and managed company with operations and investments in health, facilities management, tourism, fashion retail and retail property.

and finally…no 10   richest women in Africa 

10.Bridgette Radebe. Net Worth 2021 – $90 million, South Africa.

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Bridgette Radebe is a South African businesswoman of Tswana descent and the sister of South African businessman Patrice Motsepe and First Lady of South Africa Tshepo Motsepe.
Born: February 26, 1960 (age 61 years), South Africa
Spouse: Jeff Radebe
Education: University of Botswana
Children: Mandisa Radebe, Malaika Radebe, Vukani Radebe
Siblings: Tshepo Motsepe, Patrice Motsepe
Parents: Chief Augustine Butana Chaane Motsepe, Key Motsepe


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