Numbers of local US dollar millionaires drop by 200

The latest update of New World Wealth’s assessment of Africa’s richest countries and cities, suggests that from 2,000 US dollar millionaires in Botswana in 2018, the numbers by June 2020 had dropped to 1,800.

Produced in collaboration with AfrAsia Bank, the report’s 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.