Richard Desmond
$1.3B
Born
Dec 08, 1951
Age
74
Source of Wealth
Publishing
Residence
London,
Citizenship
United Kingdom
Marital Status
Married
Children
3
Education
- Richard Desmond founded Northern & Shell, which published the Daily Express newspapers, OK! and Star magazines, and operates UK's Health Lottery.
- He was raised by his secretary mom in a garage apartment -- his parents divorced after his dad, an advertising executive, gambled away their savings.
- Desmond started his first magazine, International Musician, at age 22 with a $60,000 loan, then became Penthouse's U.K. licensee.
- He expanded to titles like Asian Babes and Posh Housewives, then sold some holdings and went mass market, launching OK! and buying Express Newspapers.
- In February 2018 he sold N&S's publishing arm, including its newspaper and magazine titles, to rival Trinity Mirror for about $177 million.
- In 2003, Desmond created the band RD Crusaders with Roger Daltrey from The Who and other musicians.
- He quit school at age 14 to become a drummer, then dressed up in his older brother's suit to land a job selling newspaper ads over the phone a year later.
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