The Englishman managed to escape poverty by forming an empire in the field of communication, which allowed him to accumulate a heritage of millions of dollars.
Richard Desmond He is one of the biggest media moguls in England and managed to amass a fortune of millions of dollars from them. This area was what took him out of poverty since his adolescence. From there he worked in the advertising section, had pornographic magazines and founded his own conglomerate, Northern & Shell.
His group came to own the Daily Express, Sunday Express, Daily Star and Daily Star Sunday newspapers. In addition to Ok, New and Star magazines. His firm was sold to Tinity Mirror for 126.7 million euros in February 2018.. Since then, the British only maintains The Health Lottery lottery, which donates 20% of its income to health-related causes.
From poor to millionaire: what Richard Desmond’s path was like
The communication giant was born in London in 1951, in the bed of a Jewish family. The youngest of three children was attached to his father’s job at the film advertising company, Pear & Dean. Richard Desmond contributed with his father because he had lost his hearing and his son acted as an intermediary in his negotiations despite being in his childhood. The current billionaire assures that this work gave him his taste for business.
The Desmond family would change drastically with the gambling addiction that the father of the family hadwho lost a large sum of money and caused the couple to divorce. Richard moved with his mother to a small room and remembers the misfortune of his poor adolescence, stating that “he was very fat and lonely.” At this time he left the school to going to work in the classified ads section of the Thomson Group at the age of 15.
His experience in the media and his passion for drums helped him obtain the position of advertising manager at the magazine company Beat Publicactionsa music section of the Beat Instrumental publishing house. Desmond would continue down the path of melody to open two record stores at the age of 21 and to found the monthly magazine International Musician and Recording. He did this last project with Ray Hammon and had editions in the United Kingdom, the United States, Australia, Japan and Germany.
His success prompted him to group his businesses under the firm Northern & Shell in the mid-1970s. A decade later, he began his foray into the world of pornography. She did this with the British edition of Penthouse and would continue with the magazines Asian Babes, Readers Wives and Barely Legal. As he also diversified with a phone sex company and the television channel The Fantasy Channel.
Since the arrival of the new millennium, Desmond tried to get rid of the pornographic market to venture into the press. That was when he bought Express Newspapers for €125 million from United News & Media. With this acquisition he formed the media empire that he would later sell to Tinity Mirror
What is Richard Desmond’s net worth, according to Forbes
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Expat Media
The British billionaire was positioned as one of the richest people in England, according to Forbes magazine. She analyzed his fortune as the media mogul and He valued it at 1.3 billion dollars.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
