Desmond Sacco

$1.30 B

Ranked #1284 in World

About Desmond Sacco

Desmond Sacco, a prominent South African businessman and the Chairman and Managing Director of Assore Limited (JSE: ASR), has made significant contributions to the mining sector. Born in Johannesburg, where he later earned a Bachelor of Science in Geology from the University of South Africa, Sacco joined the Assore Group, founded by his father Guido Sacco in 1928, in 1968. Rising through the ranks, he was appointed to the board in 1974 and has led the company since 1992. Additionally, Sacco holds the position of Chairman at Assmang Limited and is a respected Fellow of both the Institute of Directors and the Geological Society of South Africa. Residing in Johannesburg with his family, Sacco's net worth was estimated at US$1.1 billion in 2018, underscoring his success in the industry.

Born

September 22, 1942 in Johannesburg, South Africa

Age

83 years

Source Of Wealth

Mining

Industries

Metals & Mining

Citizenship

South Africa

Residence

Johannesburg

Education

Bachelor of Arts/Science, University of the Witwatersrand

Desmond Sacco was born in Johannesburg, South Africa. His father, Guido Sacco, founded the Assore Group in 1928. Desmond received a Bachelor of Science in Geology from the University of South Africa. During his university years, he actively participated in cricket and hockey.

Desmond Sacco: Family

Desmond Sacco is married and has two children. He currently resides in Johannesburg, South Africa.

Desmond Sacco: Career Highlights

Desmond Sacco joined the Assore Group in 1968 and was appointed to the board of directors in 1974. He has served as Chairman and Managing Director of Assore Limited (JSE: ASR) since 1992. Additionally, he holds the position of Chairman of Assmang Limited.

Desmond Sacco is a respected figure in the mining industry and has made significant contributions to the development of the sector in South Africa. He is a Fellow of the Institute of Directors and the Geological Society of South Africa.

Desmond Sacco: Companies

Desmond Sacco is associated with the following companies:

Assore Limited (JSE: ASR)
Assmang Limited

Desmond Sacco: Major Achievements

Desmond Sacco has played a pivotal role in the growth and success of Assore Limited. Under his leadership, the company has expanded its operations and become a leading player in the mining industry. He is recognized for his strategic vision, operational expertise, and commitment to sustainable development.

Desmond Sacco: Awards & Achievements

Desmond Sacco has received numerous awards and accolades for his contributions to the mining industry and corporate leadership. Some notable recognitions include:

South African Business Leader of the Year (2010)
Mining Industry Lifetime Achievement Award (2015)
Order of the Baobab (Gold) for his exceptional contribution to the South African economy (2018)

Desmond Sacco: Personal Life & Legacy

Desmond Sacco is known for his dedication to his work and his commitment to the development of the mining industry in South Africa. He is also recognized for his philanthropic efforts and support of various charitable organizations.

Desmond Sacco: Trivia

Desmond Sacco has a net worth estimated at US$1.1 billion as of 2018, making him one of the wealthiest individuals in South Africa.

Wealth History

Timeline

1928

Guido Sacco founded the Assore Group.

1968

Desmond Sacco joined the Assore Group.

1974

Desmond Sacco was appointed to the board of directors of Assore Group.

1992

Desmond Sacco became the Chairman and Managing Director of Assore Group.

Desmond Sacco : FAQs

What is Desmond Sacco's net worth?

As of 2014, Desmond Sacco's net worth was $1.30 billion.

What are Desmond Sacco's main sources of wealth?

Desmond Sacco's main source of income comes from Mining.

In which industry does Desmond Sacco primarily operate?

Desmond Sacco is primarily involved in the Metals & Mining industry.

What is Desmond Sacco educational background?

Desmond Sacco holds a Bachelor of Arts/Science from the University of the Witwatersrand.

How old is Desmond Sacco?

Desmond Sacco is 83 years old.

How many children does Desmond Sacco have?

Desmond Sacco has 2 children.

Who is Desmond Sacco and what is his role at Assore Limited?

Desmond Sacco is a South African businessman who serves as the Chairman and Managing Director of Assore Limited, a company listed on the Johannesburg Stock Exchange (JSE: ASR).

How did Desmond Sacco begin his career and rise to prominence within the Assore Group?

Desmond Sacco joined the Assore Group, founded by his father Guido Sacco, in 1968. He was appointed to the board of directors in 1974 and has been serving as Chairman and Managing Director since 1992.

What are some of Desmond Sacco's other professional affiliations?

Besides his leadership roles at Assore Limited and Assmang Limited, Desmond Sacco is a Fellow of the Institute of Directors and the Geological Society of South Africa.