Desmond Sacco is the Chairman and Managing Director of Assore Group, a South African mining firm. The company mines iron ore, manganese, and other ores. His father, Guido, established the firm in 1928, and Desmond joined the company in 1968. Assore is based in Johannesburg, and it shares 50 percent of the Assmang mining group with the African Rainbow Minerals group, a company that belongs to billionaire Patrice Motsepe.
Desmond Sacco lives a private lifestyle, and he is associated with many prominent people in South Africa. Cyril Ramaphosa served Assore’s Board of Directors until August 2011 when he resigned. Ramaphosa’s company, Shanduka, joined Assore’s Black Economic Empowerment partner in 2005. Ramaphosa owns around 5 million shares of Asorre by the time he was running for South Africa’s presidential seat.
Desmond Sacco profile summary
- Full name: Desmond Guido Sacco
- Date of birth: 1940
- Age: 80 years (as of 2020)
- Career: Businessman
- Nationality: South African
He was born in Johannesburg where he resides with his family. Desmond Sacco age will be 80 years when 2020 comes to an end. Guido Sacco, an Italian, moved to South Africa in 1926 and discovered the minerals in the country. He played a critical role in the establishment and growth of the Kalahari Manganese Field.
Desmond took after his father’s interest in the mining business; therefore, the young Desmond studied Bachelor of Science in Geology from the University of South Africa. He also played cricket and hockey during his college years. After joining the Assore Group in 1968, Desmond Sacco was appointed to join the company’s Board of Directors in 1974. He has been the Chairman and Managing Director since 1992.
Desmond Sacco South Africa also Chairs Assmang Limited, and he is a member of the Institute of Directors and the Geological Society of South Africa. The Peoplepill website estimates his net worth to be $1.4 Billion. Some of Desmond Sacco collections come from Russia, Morocco, Mozambique, DRC, China, Pakistan, and other countries across the globe.
Who are Desmond Sacco family members?
Desmond Sacco wife has two children with him. Justine Sacco, a high-profile Public Relations executive, called South Africa her father’s land in a 2013 tweet. Millions of Twitter users were curious to know if she was related to the South African mining billionaire Desmond.
Justine is not related to Desmond in any way. The billionaire has a sister named Sally, and Desmond Sacco sons are Patrick and Nick. They were in their thirties in 2013. He also has several grandchildren.
Desmond Sacco contact details
The billionaire rarely accepts media interviews, and his mobile number is top-secret. However, you can contact him through his company.
According to Forbes, Desmond Sacco net worth in 2018 was around $1.1 Billion. Mineral experts testify that Desmond Sacco mineral collection is the finest around the world because he mines them from Tsumeb mine, Erongo, Tschudi, the Kalahari Manganese field, and more local mines in South Africa.
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Source: Briefly News