List of Millionaires in Botswana

List of Millionaires in Botswana

What are Millionaires?

A millionaire is an individual whose net worth or wealth is equal to or exceeds one million units of currency. Depending on the currency, a certain level of prestige is associated with being a millionaire.

List of Millionaires in Botswana

Gulaam Abdoola. Gulaam Abdoola is the founder and managing director of Turnstar Holdings Ltd, a diversified property loan stock company listed on the BSE with a market cap of US $160 million.

Chandrakanth Chauhan.

Ramachandran Ottapathu.

Farouk Ismail.

Abdul Satar Dada.

Frequently Asked Questions

How many millionaires are in Botswana?

A study by a global wealth intelligence firm based in South Africa says that poor Botswana has no billionaires, only two centi-millionaires, 80 multi-millionaires, 2100 millionaires and a measly US$19 billion in private hands.

Who is the richest person in Botswana?

Chandrakanth Chauhan is 54 years old and is the largest individual shareholder and the CEO of Sefalana Group, which was the first company to get listed on the Botswana Stock Exchange. Sefalana Group is a $300 million (market cap) retail chain.

Who is the richest youngest millionaire?

Alexandr Wang is the youngest self-made billionaire as of November 2022, according to Forbes. At the age of 25, Wang is estimated to have a net worth of $1 billion. His San Francisco-based artificial intelligence company, Scale AI was valued at $7.3 billion earlier this year.

Is Botswana rich or poor?

Significant mineral (diamond) wealth, good governance, prudent economic management, and a relatively small population of about 2.4 million (2021), have made it an upper middle-income country with an agenda of becoming a high-income country by 2036.

Who is the richest footballer in the world?

Messi first became the world’s highest-paid athlete on Forbes’ list in 2019. He topped the list again in 2022 with total earnings of USD 130 million.

Where do extremely rich people live?

New York City is home to more rich people than any other city in the world, according to a new report by investment migration consultancy Henley & Partners.

How did Botswana get rich?

Botswana’s economy is mostly dependent on diamond mining. Diamond mining contributes to 50% of the government revenue mainly through its 50:50 joint venture with De Beers in the Debswana Diamond Company.

Who is the richest king in West Africa?

That crown goes to Mansa Musa, the 14th-century king of the Mali Empire. His wealth was so vast that historians and economists struggle to put an official number on it.

Is Botswana good country to live?

Botswana has a low crime rate compared to other countries in Africa. There is also no recent history of terrorism and violent attacks on tourists are very rare. Expats moving to Botswana should keep in mind that it is a developing country where many people live in poverty.

Is Botswana cheap to live?

Cost of living in Botswana is, on average, 52.62% lower than in United States. Rent in Botswana is, on average, 83.06% lower than in United States.

How do most people in Botswana earn their living?

Most people in Botswana earn their living doing farming.

How can a foreigner get a job in Botswana?

Botswana has one work visa, also known as a work permit, for all foreign employees working in the country under the Employment of the Non-Citizens Act. Employers cannot engage an employee unless they hold a valid Botswana work permit or a certificate of exemption.