Batswana Amongst The Richest On The Continent
Correspondent | Wednesday July 19, 2017 14:11
However, Namibia’s wealth per capita for 2017 is put at $10,800, while South Africa’s wealth per capita is put at $11,300, and Mauritius at $25,700. As expected, people living in Zimbabwe are ranked the poorest with $200 per person. The report also observes that North African countries all rank highly on the list despite recent instability. According to the report, wealth per capita refers to the average wealth of a person living in each country. It excludes government held wealth. The report however also notes that all the African figures are below the global average of $27,000, with top ranked worldwide countries such as Switzerland and Australia standing over $200,000.
In total wealth rankings however Botswana performs dismally in the report. Total wealth, according to the report, refers to the private wealth held by all the people living in that country. South Africa, Egypt, Nigeria, Algeria, Morocco, Kenya, Angola, Tanzania, Ghana, Ethiopia emerge top, with top ranked South Africa estimated to hold over $610 billion, Egypt, $313 billion and Nigeria, $270 billion,
In fact in the SADC region, Botswana ranks ninth this category, behind South Africa ($610 billion), Angola ($75 billion), Tanzania ($55 billion), Mauritius ($33 billion), DRC ($29 billion), Namibia ($24 billion), Mozambique ($19 billion), Zambia ($16 billion), and Botswana ($13 billion). Botswana Boasts 2,800 millionaires and 100 multimillionaires
Botswana boasts 2,800 US dollar millionaires, and 100 multi-millionaires, according to the AfrAsia Bank Africa 2017 report that also ranks Botswana 12th on Africa in the list of millionaires and multi-millionaires and fifth in the region.
As expected, South Africa tops the rest of the continent with 40,400 US dollar millionaires, as well as 2,130 multi-millionaires. Egypt is number two with 18, 100 US dollar millionaires and 1,800 multi-millionaires, while Nigeria boasts 12,300 millionaires and 620 multi-millionaires. Kenya has 9,400 millionaires and 370 multimillionaires, followed by Angola with 6,100 millionaires and 320 multi-millionaires.
Mauritius, ranked eighth on the continent, ranks third in the SADC region with 3,800 millionaires and 170 multi-millionaires. Namibia also ranks ahead of Botswana in this category with 3,300 millionaires and 120 multimillionaires