Numbers of US dollar millionaires expected to rise

Lavida loca: The Okavango Delta features in the Africa Wealth Report as one of the holiday spots most favoured by the world’s ultra-wealthy PIC: MBONGENI MGUNI
Lavida loca: The Okavango Delta features in the Africa Wealth Report as one of the holiday spots most favoured by the world’s ultra-wealthy PIC: MBONGENI MGUNI

An authoritative new report on the super-wealthy indicates that while the number of US dollar millionaires in the country dropped by 10% in the last decade, growth is anticipated for the next decade.

In fact, Botswana is expected to experience one of the continent’s strongest growth rates of High Net Wealth Individuals in the next 10 years to 2032.

The estimates are contained in the latest update of New World Wealth’s Africa Wealth Report, where researchers use models to calculate wealth at individual levels in each country, with key inputs that include stock market, property, income, and GDP per capita statistics. Researchers also use historical in-house databases and account for currency, stock market, and property price movements, amongst others.

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