Desmond Sacco
Metals & Mining

Desmond Sacco Net Worth

5 months ago

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

Age, Biography and Wiki

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

💰 Net worth: $1.1 Billion (2024)

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

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.

Some Desmond Sacco images

Tags Living people People from Johannesburg University of South Africa alumni South African businesspeople South African billionaires South African people of Italian descent Italian South African

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Lisa Scholfield

As a Senior Writer at Famous Net Worth, I spearhead an exceptional team dedicated to uncovering and sharing the stories of pioneering individuals. My passion for unearthing untold narratives drives me to delve deep into the essence of each subject, bringing forth a unique blend of factual accuracy and narrative allure. In orchestrating the editorial workflow, I am deeply involved in every step—from initial research to the final touches of publishing, ensuring each biography not only informs but also engages and inspires our readership.