5 Of The Richest People In Botswana

Ever wondered who the richest people in Botswana are and how much wealth they have accumulated over the years? There are a few names popularly known and mentioned by the general population but who are the individuals that really make the crème de la crème of the nation? Here is a list of 5 of Botswana’s wealthiest people and their net worth! these individuals play a significant role in the economy through their multi-faceted investment in various industries i,e retail, print and publishing as well as car dealerships and distribution.

1.Abdul Satar Dada

The business mogul is often referred to as one of Botswana’s wealthiest man with business interests that go on and on. His investments have paid off over the years bringing his net worth to an estimated $50 million! He is the founder of Associated Investment Development Corporation (AIDC). The business among others is involved in but not limited to motor vehicle dealerships, printing and publishing, steel manufacturing, property, agribusiness and telecommunications. Furthermore, the company is the major shareholder of the number one poultry establishment in Botswana Tswana Pride. still on the subject, Dada is also the major shareholder of Motor Center Botswana, one of the biggest Toyota dealerships in Botswana. His political journey involves his past tenure as a member of Botswana’s Parliament and is currently treasurer of the ruling Botswana Democratic Party.

2.Gulaam Husain Abdoola

He is the founder of Turnstar Holdings founded in 2002 and valued at a $160 million (market cap). Abdoola holds 15.7 % shareholder rights amounting his net worth to a $25 million. The company is a diversified regional sub-Saharan African property loan stock company listed with the Botswana Stock Exchange; and posses a property portfolio that consists of more than 13 commercial and residential properties. These include shopping malls in various corners of the country as well as in Dar-es-Salaam.

3.Chandrakanth D. Chauhan

With ownership power of 4.5% valued over $12 million, Chauhan is the Chief Executive Officer and the key shareholder for Sefalana Group, which boats as one of the very first to get listed on the Botswana Stock Exchange. Sefalana is a $300 million (market cap) retail chain mainly engaged in the wholesale and retail distribution of fast moving consumer goods. Sefalana operates through slightly over 50 properties spread across Southern Africa; Botswana, Zambia, and Namibia.

4.Ramachandran Ottapathu

For anyone who stumbles upon this name, the first thing that comes to mind is Choppies. Ottapathu is the Chief Executive Officer of one of Botswana’s retail giant, Choppies. The comppany was founded in 1986 as a single supermarket in the small town of Lobatse but has witfnesssed exponential growth with over 170 stores today spread out across parts of Southern Africa. Moreover Choppies stores have a home in Kenya and Tanzania. , has grown to become a retail powerhouse with more than 170 stores in Botswana, South Africa, Zimbabwe, Zambia, Kenya, and Tanzania. Choppies reaches even the smallest of villages in Botswana adding a new one to the family in Gumare, North West of Botswana as of August 2021. Ottapathu owns a 19.5% shareholder rights in Choppies valued at more than $60 million.

5.Farouk Essop Ismail

Ismail is the co-founder and Deputy Chairman of Choppies with an onwership stake of 14.6% valued at more than $45 million. He also also owns a 39.5% ( valued over $35 million) stake in Far Property Company Limited which operates as a public traded real estate development and Asset Management company in Botswana.