Isabel dos Santos Pockets Forbes

U.S.-based business publisher Forbes has formed a partnership with a company controlled by Isabel dos Santos, daughter of the Angolan President, to publish a new magazine edition for Portuguese-speaking African countries. Forbes Portuguese Africa will be a joint venture with ZAP, a company in which Ms. Dos Santos has a 70 percent shareholding. Last August, Forbes published information revealing that the President’s daughter had acquired almost her entire Angolan fortune through corrupt means. The announcement comes almost a year after Forbes included Ms. Dos Santos on its list of Africa’s wealthiest people. It assessed her wealth at U.S. $3 billion, making her the richest woman on the African continent. The inclusion of Ms. Dos Santos on the list attracted criticism that Forbes was glorifying a woman who owed her fortune to the political influence of her father, President José Eduardo dos Santos. In response to that criticism, in August, Forbes […]

Read more