Richard Desmond net worth
Richard Desmond Net Worth: Richard Desmond is a British media mogul with a net worth of $2.5 billion. Mr Desmond is a self-made billionaire best known as the owner of the UK’s popular Channel 5. Richard Clive Desmond was born in London on December 8, 1954, and worked in the classified advertising department of the BBC after dropping out of high school. Thomson Group.
He was 20 when he founded Northern & Shell in 1974. The company has grown over the years and in 1983 obtained a license to publish Penthouse in the UK. Due to his interest in music and advertising, he even started a magazine called International Musicians. In 2000 he took ownership of British newspaper group Express, which owns the Daily & Sunday Express, Daily Star and Sunday Star, as well as Ireland’s Daily Star. By 1993, the group was publishing celebrity weekly Ok! In addition to the aforementioned titles, Richard Desmond owns more than 40 adult entertainment publications, which he later sold in 2004. On July 23, 2010, he purchased Channel5, which airs Dallas, American Idol, and Celebrity Big Brother. Since its acquisition, Desmond has made some major changes, transforming its board, downsizing its staff, relocating its headquarters, and investing in many new shows.
