Dermot Desmond

Dermot Desmond is the  Irish owner and founder of International Investment & Underwriting, a leading private equity and investments firm based in Ireland. With a net worth of $1.8 billion, he is currently the 8th wealthiest person in Ireland.

Using his experience in the financial world, Dermot began his path to billions by setting up National City Brokers (a stock brokerage firm) in 1981. He later sold this outfit for a whopping $39 million. He then set up the giant International Investment & Underwriting. What’s more, he also has large stakes in Datalex (an online travel solutions firm), Mountain Province Diamonds (a Canadian mining firm), Barchester Healthcare (care homes), Sandy Lane Hotel in the Barbados and Celtic Football Club.

Over the years, Desmond has at times come into the limelight for unpleasant reasons; his name having come up in a number of complicated financial dealings in Ireland. However, he has always maintained his innocence of any wrong doing. Notwithstanding, Desmond is doing his part to make a difference in the society: he is the current chairman of RESPECT, an Irish charity that cares for people with intellectual disability.

In addition, he made what he termed as “an emotional investment” and along with Fergus McCann bailed out Celtic Football Club from difficult financial times. Desmond is also the brains behind the International Financial Services Centre, a financial services hub in Dublin, Ireland, that boasts of over 32,000 direct employees and more than 500 firms.

Dermot is married to Pat Desmond (née Brett) with whom he has four children: Zoe, Brett, Ross and Dery. He is also an ardent golfer (so much so that Sandy Lane Hotel, which he owns, has three spectacular golf courses). Desmond has various residences in Ireland, Gibraltar, Switzerland, the United Kingdom and Barbados.

Press Like If You Learnt Something New : )

New! Comments

Have your say about what you just read! Leave me a comment in the box below.

"If I have seen further than others, it is by standing upon the shoulders of giants." Isaac Newton

The material in this site is purely for educational purposes only. In creating this side we have sourced info from many sites and would like to give credit to where it is due.We do not intend to infringe any website's copyrighted material and we use the information for educational purposes and use information that are public in nature and hopefully protected by freedom of information laws. Also, when I created this website years ago, I took many pictures from the internet that may infringe your copyright. I will be slowly taking all these down and if the picture that belongs to you or your company is still there, please drop me an email and I will remove the pictures. If you found that any article in this website infringe your rights please let us know and we will take it down. Thanks.


Forbes (The ultimate site for billionaire rankings)

CelebrityNetWorth (The ultimate site for net worth of celebrities)

TheRichest (Great site for things about money and rich people)

Wikipedia (Greatest site on earth for lots of information)