Isabel dos Santos, daughter of Angola’s former president, in a 2018 photo from an event in New York City. A recent decision by the Paris Court of Appeals means she is liable for payment of more than $300 million.
Getty Images for UNITEL
Last week —four days after Forbes announced it was dropping Isabel dos Santos, once Africa’s richest woman, from our list of billionaires—a French court dealt another blow to the daughter of Angola’s former president.
On January 26 the Paris Court of Appeals dismissed an appeal by Dos Santos to annul a 2019 ruling against her in a dispute brought by Portuguese entity PT Ventures over unpaid dividends and other breaches of the shareholders’ agreement at Unitel S.A., Angola’s largest telecom company. What that means: She is on the hook to pay PT Ventures about $340 million.
The news follows a string of decisions against her. Over the past year, many of Dos Santos’ assets have been frozen by courts in Angola, Portugal…