The Nine Richest Women in Africa and What They Do as Millionaires

The following group of nine business women in Africa enjoy a net worth of over $30,000,000 (USD) each; some, much more.. The list comes from a compilation I gathered from various lists and profiles from 2011 and 2012. The wealthiest women are significantly more wealthy than the number ten person, whose net worth is "only" $16,100,000 as of February 2012.

Eight out of the nine individuals listed below are from South Africa, where the fields of gems, metals, and minerals are of great worth themselves. One is the President of Angola's daughter and while his influence has helped her, she has completed much work on her own toward her fortune. Five of the top women millionaires are women of color and most of the list uses their wealth and influence to create additional jobs in South and Central Africa and to increase the standard of living for lower- and middle-income people.

1) Wendy Appelbaum's net worth in early 2012 is 1.99 Billion African Rand or 259.3 Million USD. Her net worth has been amassed through a family trust with which she is connected. It is the Gordon Family Trust.

2) Wendy Ackerman is a Retail Tycoon in South Africa. She and her husband own Ackerman Family Trust. Her net worth is 1.4 Billion Rand or 190.2 Million USD. The Trust owns about 50% of Pick ‘n’ Pay, a major South African grocery-retail chain. The 3 Billion USD company (June 2011) owns retail outlets in Mozambique, Namibia, Zambia, Zimbabwe. and Australia. Ms. Ackerman is the Executive Director of Pick 'n' Pay, the chain that sells food, general merchandise and clothing and that employs 38,000 or more people..

3) Isabel Jose Dos Santos is the of the Wealthiest Woman in Africa and is from Angola. This nation is in the Central Area of the continent of Africa and on the Atlantic coast. Ms. Dos Santos made her millions in Investments. Forbes Magazine reports that she is worth 1.3 Billion Rand or $170 Million USD. She also married a millionaire, Sindika Dokolo, from Congo.

Isabel is he oldest daughter of the nation's President Jose Eduardo Dos Santos, whose term in office has run from 1979 to date. He has influenced some of her business dealings, but she has accomplished much on her own. CBS News has called President Dos Santos one of the world's enduring dictators (reference), bringing the nation's oil business, diamond mines, and politics into his control. He has, indeed, gathered all of Angola's natural resources under his control.

Angola's Constitution is based on Portuguese law and many of Isabel's investments are largely in Portugal or of Portuguese origin. These include:

• Banco Espírito Santo - Finance, banking
• Banco Português de Investimento - Finance, banking
• Energias de Portugal - Energy (electricity)
• Kento Holding - In Malta at 100% ownership by Isabel. The holding company owns 10% of Zon Multimedia media giant and part of Portugal Telecom in Portugal.
• Commercial holdings in oil and diamond mines within Angola.
• Purchased retail interests in 2011 and plans a supermarket opening in 2013.

4) Bridgette Radebe (born 1960) is the Chairman of the extremely successful Mmakau Mining in South Africa. and her company is active in mining coal, gold, platinum, chrome, and uranium, as well as pursing mining interests and related commercial endeavors.. She started out working in the mines herself as a contract miner in the 1980s. It was hard work she welcomed and it brought her experience and income enough to found her own mining business on her own, the first black woman in SA to do so in mining. While her net worth is large, it is currently not published.

This business person overcame racial and gender prejudice in South Africa to earn a mining license and to become successful. Ms. Radabe received the International Businessperson of the Year Award in 2008 from the Global Foundation for Democracy for her success and her achievements in eliminating poverty in South Africa. Serving on various boards and a foundation of her own creation, Ms. Radebe would like South Africa to consider nationalization of mining or some sort of partnership between public and private sectors over a strictly capitalistic system. This would combat monopolies in natural resources, she feels.

SOUTH AFRICA'S FIRST BLACK BILLIONAIRE

Ms. Radebe's younger brother, Patrice Motsepe, is himself worth $3.3 Billion in Johannesburg; this is totally separate from his wife's net worth. After becoming a successful attorney, Mr. Motsepe began mine contracting work and progressed upward in labor through management and ownership in the lucrative mining industry. He began with low-producing mines that he turned around beginning in 1994 to provide huge revenues and profits as well as jobs for South Africans.

Both millionaire sister and billionaire brother worked hard in the mines of South Africa, saved money, and founded their own businesses.

5) Mamphela Ramphele (born 1947) is a physician and professor-researcher as well as a business person. As Chairperson of Gold Fields since 2010, she is busy in mining and processing gold and employing 45,000 workers. Company assets in mid-2011 were 70 Billion Rand or 90.9 Million USD (references: Forbes Magazine and Mining Weekly [June 2011]).

Born into South Africa, she enrolled in the only medical school that would accept black students without specific government clearance and written authorization - University of Natal Medical School. After graduation four years later, she began to work against apartheid politically and was banished for seven years to a small town by the government. However, she continued to education in social sciences and finally became a Director of the World Bank. She has earned a number of awards and sits as trustee in several company boards in Africa and the USA. She was the first black woman appointed as University of Cape Town vice chancellor in 1996

6) Irene Charnley (born 1960) was the Executive Director of MTN Telecommunications in South Africa, but first, she was a union negotiator for the National Union of Mineworkers in SA. She has been a director of MTN telecommunications company, FirstRand Bank, Johnnic, Johnnic Communications, and Smile Telecoms.

MTN operates stores in at least two dozen African nations and Middle East countries as of 2012. Ms. Charnley is no longer Executive Director of the company, but serves on the board and has amassed a net worth of what is believed to be $150 Million. In 2012, she is currently the CEO of Smile Telecoms, an affordable telecommunications products company working out of Mauritias. The company helps lower-income individuals to have telecommunications and continues a line of anti-poverty programs Ms. Charnley began with MTN. She also founded the National Empowerment Consortium in South Africa to include 50% black business owners and 50% black laborers.

7) Pam Golding founded Pam Golding Property Group to sell and rent rich plots of real estate on the beautiful island nation of Mauritas from her offices on the island and in South Africa. She started business in 1976 sans start-up capital and with only a single sales assistant. Her net worth is reported as 640 Million Rand or $83 Million USD. This is rising already and should rise significantly in 2012 with property development and tourism increasing quickly.

Mauritas seems to be on its way to becoming a rich nation. The national economy is founded in sugar cane production, tourism and related property development (rather booming in the news), textiles, and finance. However, IT and telecommunications are growing rapidly. Some talk of the fishing industry increasing is abroad as well. Investments from Africa and Asia have increased the contribution of the Finance Industry here to $1 Billion in recent years.

In the Flag of Mauritias (or Mauritias) is made of four horizontal and brightly colored stripes, each with a specific significance. Red means self-determination and independence, blue is the Indian Ocean in which the island lies, yellow is the new sunlight of independence won in 1968, and green represents agriculture and native plants.

Mauritas is a colorful place of culture, cuisine, and language. Over 50% of the local population is Hindu, and 20% or more are Muslim. They are all related to the former workers imported by Britain to work in the sugar cane fields. The rest are reportedly mostly Creole. While English is the official language on Mauritas, French and a number of African Dialects are spoken, bringing with them a varied cuisine.

8) Sharon Wapnik made her fortune of 334 Million Rand or 43.1 Million USD in Investments and Real Estate. She is an attorney, but also Chairman and Director of Premium Properties Limited. IN addition, she Chairs and a Directs Octodex Investments Limited. She is daughter to billionaire Alec Wapnick, founder of City Property in 1938.

9) Elisabeth Bradley enjoyed a net worth in mid-2011 0f 246 Million Rand or 32 Million USD, all results of her Investments portfolio.She is Chairman of Wesco Investments Limited, Vice-Chairman of Toyota South Africa Limited, a Director of AngloGold.