Dermot Desmond Biography

Dermot Desmond is an Irish billionaire investor, self-made fortune business tycoon, and financier. He is ranked by the Sunday Independent as the ninth-richest person in Ireland.

Dermot Desmond was born in Macroom, County Cork and grew up in Marino, Dublin. He was educated at Scoil Mhuire, Marino, and Good Counsel College in New Ross. He left school in 1968 to work at Citibank in Dublin.

Dermot Desmond Wife

He is happily married to Pat Desmond and they have four children.

Dermot Desmond Children’s Names

Brett, Ross, Derry and Zoe are children of the business tycoon.

Dermot Desmond Brother

Michael Walsh Desmond, a former professor of banking at UCD is his  biological brother.

Dermot Desmond Age

He was born in Macroom, County Cork in 1950 and raised in Marino, Dublin.As of 2019 he is 68 years old.

Dermot Desmond Career

He started his career in finance at Citibank and later worked for the Investment Bank of Ireland and PricewaterhouseCoopers, Afghanistan.
In 1981, he founded National City Brokers which later on became Ireland’s largest Independent brokerage, sold it for £39 million.
With the proceeds, he started his own private equity firm, International Investment & Underwriting and his primary investment vehicle.
In 1995, he purchased London City Airport from Mowlem for £23.5m and was considered as a large risk as London’s Docklands was in recession and the neighboring Canary Wharf development was in receivership.
The airport has since become one of the more profitable in the United Kingdom. Desmond sold London City Airport in October 2006 for a reported £750 million to a consortium consisting of insurer AIG, GE Capital, and Credit Suisse
IIU now has stakes in travel software firm Datalex, Mountain Province Diamonds, Barchester Healthcare, and Glasgow soccer club Celtic PLC.

Dermot Desmond House

A trust linked to billionaire Desmond has secured planning permission to demolish a house on Dublin’s Shrewsbury Road, which remains the most expensive residence ever sold in the State at €58 million and construct a 17,168 sq ft mansion in its place.

Dermot Desmond House

Dermot Desmond Private Jet

Dassault Falcon 7X M-CELT private jet, owned by Dermot, billionaire businessman and owner of Celtic Football Club.

dassault-falcon-7x-m-celt-private-jet-owned-by-dermot-desmond-billionaire

Dermot Desmond Sandy lane

Sandy Lane is a luxury five-star beachfront resort close to Holetown and Paynes Bay on the island of Barbados. Sandy Lane was opened in 1933 by Ronald Tree, a former British politician, as a luxury hotel and golf course on what had been a sugar plantation. In 1998, the hotel was put up for sale by Granada plc, and five Irish businessmen, including J. P. McManus, John Magnier and Desmond, bought it. The original resort was then demolished in a three-year, $450 million upgrade and renovation.

Dermot Desmond Celtic

He is often reported as the majority shareholder of Scottish Premiership football club Celtic F.C. He is the largest individual shareholder of the club.

Dermot Desmond Contact

For more information on his contacts click this link

Dermot Desmond Golf

Irish financier Dermot’s philosophy on golf, his favourite pastime, is simple: “There are three joys of golf. How you play, where you play and who you play with – and the first two are overrated. It’s really about spending time with friends.”

It’s no wonder where his emphasis lies given the people who have graced his scorecard. Tiger Woods, Rory McIlroy and Dustin Johnson have all played a round with him, who tackles the sport with the single-minded determination of a professional, according to associates.

Source: Independent.ie

Dermot Desmond Net Worth

He is estimated to be worth €2.04 billion and is ranked by the Sunday Independent as the ninth-richest person in Ireland.

Dermot Desmond