Richest of the rich: The country's two billionaires

Gaborone city is estimated to house 1,200 US dollar millionaires. PIC. THALEFANG CHARLES
Gaborone city is estimated to house 1,200 US dollar millionaires. PIC. THALEFANG CHARLES

The country has two individuals with net assets of more than $100 million (P1.1 billion), members of an exclusive club of less than 260 billionaires on the continent.

Their identity: no one can say for sure, but it is believed they are ‘hiding’ in plain sight, individuals who are well-known but whose total wealth remains the subject of speculation.

AfrAsia Bank’s African Wealth Report released on Tuesday indicates that while the two billionaires walking unnoticed are an oddity of sorts on local soil, billionaires’ occurrence in South Africa, which has 94 such individuals, is more commonplace.

Editor's Comment
Khama, Serogola should find each other

Khama’s announcement to take over as Kgosikgolo was met with jubilation by some, but it also exposed deep-seated divisions. The Bogosi Act, which clearly states that a Mothusa Kgosi cannot be removed without the minister’s involvement, serves as a crucial legal safeguard. This law is designed to prevent arbitrary decisions and ensure stability within traditional leadership structures.The tension between Khama and Serogola has been simmering...

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