Tycoons: Mr Midas

The year was 2004 and it was a good one for the man acknowledged as Ireland’s richest billionaire. Conservative estimates put Dermot Desmond’s growing fortune at €1.23 billion with no sign of it slowing down

1st October, 2017
Dermot Desmond: ‘I am not a tax exile. Through my various investments in Ireland, I create millions in tax revenue in Ireland’

‘My business is private. I don’t have any outside shareholders. I don’t have any bonds. I’m not accountable to anyone, and that’s the way I like to keep it.”

Meet Joe Billionaire, one of the richest Irishmen in the world.

This year was a good one for Dermot Desmond. His London City Airport appreciated by €125 million, to €477 million. He launched a health insurance...

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