Folorunsho Alakija displaced as the Richest Woman in Africa

Although Folorunsho is still the richest woman in Nigeria, she's been displaced as the richest woman in Africa by Isabel dos Santos whose net worth is over $1 billion dollars as revealed by Forbes Magazine.

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, making the 40-year-old Africa’s first woman billionaire.

We still love our own Folorunsho but hope they use the money to change lives.