Explore Dermot Desmond net worth, age, height, bio, birthday, wiki, and salary! In this article, we will discover how old is Dermot Desmond? Who is Dermot Desmond dating now & how much money does Dermot Desmond have?
Dermot Desmond Biography
Dermot Desmond is one of the most popular and richest Businessman who was born on August 14, 1950 in Macroom, County Cork, Ireland.
In 1968, Desmond’s business career began with Citibank in Dublin, followed by Pricewaterhouse Coopers in Kabul, Afghanistan.
In 1981, he founded National City Brokers in Dublin. The company competed with already established stockbroking names in Dublin such as Davy’s and Goodbodys. Desmond sold the company to Ulster Bank in 1994, which at the time was part of the National Westminster Group, for a reported £39 million. Subsequently, as a result of Natwest’s takeoever in 2003 by RBS, NCB was bought out by its management with the support of former billionaire businessman Sean Quinn who was believed at that time to control 25% of the company.
| Name | Dermot Desmond |
| First Name | Devin |
| Last Name | Asiasi |
| Occupation | Businessman |
| Birthday | August 14 |
| Birth Year | 1950 |
| Place of Birth | Macroom |
| Home Town | County Cork |
| Birth Country | Ireland |
| Birth Sign | Leo |
| Full/Birth Name | |
| Father | Not Available |
| Mother | Not Available |
| Siblings | Michael Desmond |
| Spouse | Pat Desmond |
| Children(s) | Brett Desmond, Zoe Desmond |
Ethnicity, religion & political views
Many peoples want to know what is Dermot Desmond ethnicity, nationality, Ancestry & Race? Let's check it out! As per public resource, IMDb & Wikipedia, Dermot Desmond's ethnicity is Not Known. We will update Dermot Desmond's religion & political views in this article. Please check the article again after few days.
Desmond also paid £75,456 for the refurbishment of Mr. Haughey’s yacht, the Celtic Mist, between 1990 and 1991, at a time according to the Tribunal, that Mr Haughey earned between £69,764 and £72,354 a year as Taoiseach. Mr Desmond again claimed this payment was a loan, but the Tribunal disagreed, noting again that Mr Haughey had settled with the Revenue Commissioners in relation to the sum, having failed to pay Capital Gains Tax at the time. The Tribunal also found that the yacht itself amounted to an indirect benefit to Mr Haughey. This was it despite being unable to find the source of the £167,073.90 paid for the yacht.
Dermot Desmond Net Worth
Dermot Desmond is one of the richest Businessman from Ireland. According to our analysis, Wikipedia, Forbes & Business Insider, Dermot Desmond's net worth 2 billion USD (2020). (Last Update: December 11, 2023)
Desmond was born in Macroom, County Cork in 1950 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.
| Net Worth | 2 billion USD (2020) |
| Salary | Under Review |
| Source of Income | Businessman |
| Cars | Not Available |
| House | Living in own house. |
According to the Moriarty Tribunal report, the next day, on 8 May 1990, £206,613.57 was withdrawn from one NCB account, converted into sterling £200,000 and transferred to the Aurum Nominees No.6 account at NCB (proxied to an offshore Ansbacher Cayman account) held for the benefit of then Taoiseach, Charles Haughey. Aurum Nominees Limited was a company established by NCB for the benefit of its clients, and used at the time by several of the beneficiaries to the deal, including JP McManus, Lochlann Quinn and Martin Naughton. Mr Quinn and Mr Naughton were owed money by Mr Desmond and he used the proceeds of the sale to pay off his debt to them, according to the report.
According to the Glackin Report, Hoddle Investments (the vehicle through which the deal was handled) executed two contracts with Telecom Éireann for the sale of the Johnston Mooney & O’Brien site for an aggregate price of £9.4 million, on 7 May 1990. The proceeds of the sale were lodged to an NCB account.
Height, Weight & Body Measurements
Dermot Desmond height Not available right now. Devin weight Not Known & body measurements will update soon.
| Height | Unknown |
| Weight | Not Known |
| Body Measurements | Under Review |
| Eye Color | Not Available |
| Hair Color | Not Available |
| Feet/Shoe Size | Not Available |
Desmond gave evidence relating to the Century Radio module of the Flood Tribunal. He said he had given former Fianna Fáil press secretary PJ Mara a loan of £46,000 between 1986 and 1989, as Mr Mara claimed he had run into financial difficulties. He said he made the payments by cheque.
Desmond also loaned money to Feltrim plc, which was at the time managed by Charles Haughey’s son, Conor Haughey. In August 1991, Desmond loaned the company £55,000, made up of £40,000 loaned on 12 August 1991 and £15,000 on 28 August 1991. Conor Haughey told the Tribunal that the company was in danger of being liquidated and he approached Desmond for the money. The loan was never ultimately repaid, and was instead converted into equity.
Who is Dermot Desmond Dating?
According to our records, Dermot Desmond married to Pat Desmond. As of December 1, 2023, Dermot Desmond’s is not dating anyone.
Relationships Record: We have no records of past relationships for Dermot Desmond. You may help us to build the dating records for Dermot Desmond!He was appointed chairman of the board of Aer Rianta in 1990 under the Charles Haughey government, but resigned in October 1991 amid the scandal over the purchase of the Johnston Mooney & O’Brien site by Telecom Éireann.
Facts & Trivia
Devin Ranked on the list of most popular Businessman. Also ranked in the elit list of famous people born in Ireland. Dermot Desmond celebrates birthday on August 14 of every year.
In 1991, a company law inspector, solicitor John Glackin, was appointed by the then Government to investigate complicated dealings involving Mr Desmond and the purchase and sale of the former Johnston Mooney and O’Brien site in Ballsbridge, Dublin. While Mr Desmond represented himself as an intermediary in the sale, Glackin’s report said Mr Desmond, businessman JP McManus and John Magnier were beneficiaries of the sale. Mr Desmond strenuously disputed Glackin’s findings.
How did Dermot Desmond make his money?
Desmond was an investor in Esat Digifone through his International Investment Underwriters (IIU) vehicle, ultimately owning 20% of the company. It was reported that he made up to £100 million in profit after selling his stake in Esat.
What company does Dermot Desmond own?
Dermot Desmond received a €27.5 million cash windfall last year from Intuition Publishing, his Dublin-headquartered e-learning company. It brings to about €42.5 million the amount of cash he has received from the business in dividends and loans over the last two years.
Who is owner of Celtic?
CELTIC owner Dermot Desmond has revealed that he will not sell-up, no matter how big a bid is made for the club. The Irish billionaire is the club’s majority shareholder and has been heavily involved with the club for 27-years.
How much did Dermot Desmond buy Celtic for?
Dermot Desmond bought an effective 13.8 per cent in a placing of new shares in 1995 for £4 million sterling. The proceeds from the fund raising were used to bring the club back into profits.
Who is the richest person in Ireland?
Pallonji Mistry, with a net worth of $14.6 billion, is Ireland’s richest person.
You may read full biography about Dermot Desmond from Wikipedia.ncG1vNJzZmiZnKGzornOrqqboaKptaWt2GeaqKVfmbKzuc6tZJ2do6K8r7CO