Portugal Dominated Angola for Centuries. Now the Roles Are Reversed

Angolan billionaire Isabel dos Santos, whose net worth is $3.5 billion, is Africa’s richest woman, according to Forbes.

How the roles have reversed: The colonizer, some Portuguese contend, has been colonized.

On the Portuguese coast of Cascais, where the nation’s royal court used to summer, a new 14-story condominium building looms confidently by the sea. So many of its apartments have been bought by Angola’s ruling class — sometimes a handful at a time — that the development has a nickname: the “Angolans’ building.”

Along the grandest shopping boulevard in the capital, Lisbon, Angola’s elite buy designer suits and handbags by the armful. And on one corner, above Louis Vuitton, sits the local office of Africa’s richest woman, Isabel dos Santos, a billionaire from Angola who has become one of Portugal’s most powerful figures by buying large chunks of the country’s banking, media and energy industries.

Read more: Portugal Dominated Angola for Centuries. Now the Roles Are Reversed. – The New York Times

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