José Eduardo dos Santos



José Eduardo dos Santos (born 28 August 1942) is an Angolan politician who served as President of Angola from 1979 to 2017.

Dos Santos has been accused of leading one of the most corrupt regimes in Africa by ignoring the economic and social needs of Angola and focusing his efforts on amassing wealth for his family and silencing his opposition, while, nearly 70% of the population lives on less than $2 a day.

Dos Santos became wealthy when he first took power, but only began amassing his incredibly large assets during and after the Angolan civil wars. When the ceasefire occurred and large portions of the economy were being partially privatized, he took control of several emerging companies and industries. He helped arrange similar takeovers of several other natural resource industries.

Eventually the Angolan Parliament made it illegal for the president to have financial holdings in companies and organizations. In response to this, Dos Santos supposedly began arranging for his daughter to receive the financial kickbacks and assets from these companies. Dos Santos then began using the government to take direct control of stakes in companies offered as kickbacks which he indirectly controlled and reaped the benefits of and managed to retain large corporate assets through proxies.

Along with this, the government budget had grown over a decade to 69 billion dollars in 2012 through oil revenues. The International Monetary Fund reported that 32 billion in oil revenue simply went missing from the government's ledger before being tracked to have been used on "quasi-fiscal activities."

He was the second-longest-serving president in Africa, surpassed only by President Teodoro Obiang Nguema Mbasogo of Equatorial Guinea.