Dermot Desmond rises on Forbes billionaires list as Collisons and Denis O’Brien fall

Desmond was the only Irish person on the billionaires list whose personal wealth increased last year, according to the magazine

Dermot Desmond: Fortune edged up to $2.2 billion from $2.1 billion a year earlier. Picture: getty

Almost all of Ireland’s top billionaires saw their fortunes decline last year, according to a new ranking by US business magazine Forbes.

Nine Irish people are included on the Forbes ranking on the world’s wealthiest billionaires with a combined fortune totalling $30.7 billion, down from $54. 8 billion a year ago.

Construction magnate Shapoor Mistry, who controls engineering business Shapoorji Pallonji Group, and holds a significant stake in Tata Sons, is the Republic’s richest person ...