Richest of the rich: The country's two billionaires

Friday, September 13, 2019

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.

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