Desmond Sacco Net Worth, spouse, young children, awards, movies

$680,000,000

Desmond Sacco is a famous South African billionaire, with a net worth of $680 million. He has successfully expanded his father’s mining business, joining Assore Group in 1968 and later becoming Chairman and Managing Director. Despite challenges in the mining industry, Sacco’s leadership has led to significant growth in the company’s value, making him one of the richest and most influential individuals in South Africa.

Key facts:

Desmond Sacco inherited and further developed his father's mining business, which was established in 1928.

He serves as Chairman of Assore Group, a mining company that he joined in 1968.

Desmond actively acquired other mining interests, despite the challenges faced by South Africa's mining industry.

Under his leadership, Assore Group's shares have almost doubled since January 2012.

Desmond Sacco is a geologist and a fellow of the Institute of Directors and the Geological Society of South Africa.