Estimated current worth: $200 million
Mining tycoon Sacco fell off the list of richest Africans shares prices fell 70 percent drop in of Assore Group over the past year. Assore has a 50 percent stake in Assmang Limited, which operates seven mines producing chrome, manganese and iron. He serves as its chairman.
In 2015, Assore agreed to buy African Rainbow Minerals’ 50-percent indirect interest in the Dwarsrivier Chrome Mine in South Africa.
Sacco is a fellow of the Institute of Directors and the Geological Society of South Africa. He lives in Johannesburg.
Sources: Forbes, RichestLifestyles
