Dermot Desmond
#1785

Dermot Desmond

Ireland 76 years old Self-Made

Overview

Source of Wealth
Finance
Residence
Dublin
Marital Status
Married
Children
4

Assets

  • African Gold Acqusition Corp.
    10,350,000 shares @ -
    -
    AGACF-US
  • Celtic PLC
    32,772,000 shares @ -
    -
    CCP-GB
  • Datalex PLC
    53,504,000 shares @ -
    -
    DLE-IE
  • Mountain Province Diamonds
    74,696,000 shares @ -
    -
    MPVD-CA

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.

About

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.