How do you become a billionair in one of the poorest countries in the world? Easy. Here is how:
Daddy's Girl: How An African 'Princess' Banked $3 Billion In A Country Living On $2 A Day
Yes this is about corruption in Angola. Angola, a country with GDP per capita of 6500 USD, i.e. 17 $ a day :) not 2$ a day is rich in natural resources. Angola's economy relies heavily on the export of its natural resources such as petroleum; diamonds, iron ore, phosphates.
Back to our subject here is a quote from Forbes article
Sad but true, a typical example of corruption and one of the biggest reasons why people in developed countries never get a fair fighting chance when the people in power control all the country's resources.
Daddy's Girl: How An African 'Princess' Banked $3 Billion In A Country Living On $2 A Day
Yes this is about corruption in Angola. Angola, a country with GDP per capita of 6500 USD, i.e. 17 $ a day :) not 2$ a day is rich in natural resources. Angola's economy relies heavily on the export of its natural resources such as petroleum; diamonds, iron ore, phosphates.
Back to our subject here is a quote from Forbes article
Quote:
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The real story, however, is how Dos Santos–the oldest daughter of Angolan President José Eduardo dos Santos–acquired her wealth. For the past year FORBES has been tracing Isabel dos Santos’ path to riches, reviewing a score of documents and speaking with dozens of people on the ground. As best as we can trace, every major Angolan investment held by Dos Santos stems either from taking a chunk of a company that wants to do business in the country or from a stroke of the president’s pen that cut her into the action. Her story is a rare window into the same, tragic kleptocratic narrative that grips resource-rich countries around the world. |