Desmond Sacco

About Desmond Sacco

Birth Place: Johannesburg, South Africa, South Africa
Residence: Johannesburg, South Africa
Occupation: Businessman

Desmond Sacco Net Worth

Desmond Sacco was born in Johannesburg, South Africa, South Africa. Desmond Sacco chairs South African mining firm Assore Group, which mines for iron ore, manganese and other ores. Sacco's father Guido founded the company in 1950, and Desmond joined the group in 1968. Desmond Sacco owns about 32% of Johannesburg-listed Assore Group. Assore has a 50% stake in mining group Assmang, which it shares with billionaire Patrice Motsepe's African Rainbow Minerals group.
Desmond Sacco is a member of Metals & Mining

💰 Net worth: $1.1 Billion (Updated at 22 June 2018)

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.