While Botswana’s impressive economic record has been driven primarily by diamond mining, a very significant number of Ultra High Net Worth Individuals in the small, landlocked southern African country, built their multi-million dollar empires in industries as diverse as retail, car dealerships, retail and distribution.
Their names don’t ring with the African public, and you’ve probably never heard about them before, but they are extremely successful. Meet 5 ultra-wealthy Botswana businessmen who have built eight and nine-figure fortunes in Botswana.
5. Farouk Essop Ismail
Ismail is a co-founder and Deputy Chairman of Choppies, Botswana’s largest retailer. He owns a 14.6% stake in the listed retailer which is valued at more than $45 million. Ismail also owns a 39.5% stake in Far Property Company Limited, a public traded real estate development and Asset Management company located in Botswana. His shareholding in Far Property alone is worth more than $35 million.