Rich get richer in Gaborone: 100 new millionaires in 2020

The latest update of New World Wealth’s assessment of Africa’s richest countries and cities, suggests that from 1,100 dollar millionaires in Gaborone in 2019, the numbers by the end of 2020 had climbed to 1,200. The researchers round off their numbers to the nearest 100.

Produced in collaboration with AfrAsia Bank, the researchers use models to calculate wealth breakdowns for 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.