Desmond Sacco, born in Johannesburg, South Africa, is the chairman of Assore Group, a mining firm that specializes in the extraction of iron ore, manganese, and other ores. He inherited the company from his father, Guido, who founded it in 1950, and has since grown it to a 32% stake in the Johannesburg-listed Assore Group. Assore also has a 50% stake in the mining group Assmang, which it shares with billionaire Patrice Motsepe's African Rainbow Minerals group.
Desmond Sacco is a member of Metals & Mining
Desmond Sacco, a prominent figure in the metals and mining industry in South Africa, is predicted to have a net worth of around $1.1 billion by 2024. As a respected entrepreneur and business leader, Sacco has made significant contributions to the country's mining sector. With his extensive knowledge and experience, he has successfully established himself as a key player in the industry. Sacco's net worth reflects his success and wealth accumulated through his ventures in the metals and mining sector, demonstrating his ability to thrive in a challenging and competitive market.
2013
$1.5 Billion
2014
$1.3 Billion
2018
$1.02 Billion
Some Desmond Sacco images
Biography/Timeline
1928
Desmond Sacco was born in Johannesburg, South Africa. His Father, Guido Sacco, founded the Assore Group in 1928. He received a Bachelor of Science in Geology from the University of South Africa, where he played cricket and hockey.
1968
In 1968, Sacco joined the Assore Group, a public company traded on the Johannesburg Stock Exchange founded by his Father four decades earlier. He was appointed to its Board of Directors in 1974, and has served as its Chairman and Managing Director since 1992. He also serves as Chairman of Assmang Limited.