Africa's First Female Billionaire, Isabel dos Santos Hit With $735Million Asset Freeze
Angolan billionaire Isabel dos Santos on Wednesday lost her fight against an application in London's High Court to freeze up to 580 million pounds ($735 million) of her assets. Dos Santos – Africa's first female billionaire, whose father Jose Eduardo dos Santos ruled Angola for 38 years until 2017 – has faced corruption accusations in the southern African country for years, Reuters reports. She denies the allegations and says she is the target of a long-running political vendetta.