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
Our digital safety is in our hands

That sounds like good news. But the report also warns that this may simply be because our digital economy is still young, not because we are safe. As more people shop, bank and pay online, criminals will follow.We Batswana do not need a report to tell us that danger is real. Many of us have heard of or fallen victim to KYC scams. A caller impersonates your bank or mobile money provider. They say they need to “verify” your account. They ask...

Have a Story? Send Us a tip
arrow up