Rank #1797
Dermot Desmond
Net worth $2.3B
Finance · Ireland
- Born
- Jul 01, 1950
- Age
- 75
- Source
- Finance
- Residence
- Dublin
- Citizenship
- Ireland
- Marital status
- Married
- Children
- 4
- Education
Net worth over time
Biography
- Dermot Desmond started his career in finance at Citibank, and later worked for the Investment Bank of Ireland and PricewaterhouseCoopers.
- In 1981 he founded NCB Stockbrokers, which became Ireland's largest independent brokerage; he sold it for $39 million in 1994.
- With the proceeds, Desmond started his own private equity firm, International Investment & Underwriting.
- IIU now has stakes in travel software firm Datalex, Mountain Province Diamonds, Barchester Healthcare and Glasgow soccer club Celtic PLC.
- An avid golfer, he's known as "The Kaiser" for his distinctive mustache.
- He also owns stakes in two luxury hotels in the Caribbean, the Pink Sands Club and the Sandy Lane Hotel.
Financial assets
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