Africa’s richest woman revealed as owner of £13m Kensington homeAugust 13, 2019
Angolan autocrat’s daughter Isabel dos Santos, 46, with ‘£1.91bn fortune’ is revealed as owner of £13m Kensington home at centre of fury over plans to demolish it and build four-storey ‘iceberg’ mansion
- Isabel dos Santos plans to demolish house and rebuild it as an ‘iceberg’ mansion
- Socialite also plans to install hot tub, wine cellar, massage room and walk-in safe
- She is a billionaire socialite who is the eldest child of Angola’s former president
- Revelation that she owns the home will stoke concerns about origin of her wealth
Africa’s richest woman has been revealed as the owner of a £13million home in one of London’s most exclusive areas that has caused anguish for neighbours.
Isabel dos Santos, the daughter of Angola’s controversial former president Jose Eduardo dos Santos, plans to demolish the house and rebuild it as an ‘iceberg’ mansion.
She has been given permission to raze the property and construct a four-storey home in its place, complete with an underground swimming pool complex.
Mrs dos Santos, 46, also plans to install a hot tub, wine cellar, massage room and walk-in safe underneath the sprawling home in Kensington, west London.
But the plans caused fury among wealthy neighbours, with one resident claiming the proposal would ‘create resentment, divisiveness and poor community feeling’.
Isabel dos Santos, the socialite and friend to the stars who is also the eldest child of Angola’s former president, pictured with Nicki Minaj
Mrs dos Santos, 46, is pictured with Hollywood star Lindsay Lohan and disgraced movie mogul Harvey Weinstein in an Instagram post she uploaded
The revelation, unearthed by Finance Uncovered, that she owns the luxury home is likely to stoke widespread concerns about the origin of Mrs dos Santos’ wealth.
Despite presenting herself as a self-made entrepreneur who rubs shoulders with the A-list elite, opponents have described her as the beneficiary of kleptocracy in Africa.
The majority of her nearly £2billion wealth was amassed while her father Jose Eduardo, 76, served as ruler of Angola for 38 years.
Critics claims she acquired her fortune by using her family’s power to take stakes in firms doing business in Angola, where many people live on as little as $2 a day.
Isabel dos Santos with Rita Ora in 2017 (left), and with Amber Heard and Cara Delevingne at the Cannes film festival in 2014
Despite presenting herself as a self-made entrepreneur, opponents of Mrs dos Santos (pictured with husband Sindika Dokolo) have described her as the beneficiary of kleptocracy
Angola, a country of 18 million people, lies on the western coast of southern Africa and is rich in diamonds and oil.
The country was wracked by 27 years of civil war which finally ended in 2002, leading to a huge jump in oil revenues from $3 billion in 2002 to $66 billion in 2008.
Transparency International, the NGO that investigates government fraud, recently ranked Angola 165th out of 180 countries in its corruption perception index.
Mrs dos Santos studied engineering at King’s College, London, before opening her first business at the age of 24, a restaurant called Miami Beach.
Amid rumours that she has invested in properties in London, it has now been revealed how she bought the Kensington home for £8.65million in 2007.
The property was paid for in cash through an anonymous company based in the tax haven of the Isle of Man.
The majority of Mrs dos Santos’s nearly £2billion wealth was amassed while her father Jose Eduardo dos Santos, 76, served as ruler of Angola for 38 years
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