Richard Clive Desmond
(born 8 December 1951) is an English publisher and businessman. He is the owner of Express Newspapers
and founder in 1974 of Northern & Shell
, which publishes various celebrity magazines, such as OK!
, and British
national newspapers Daily Star
and Daily Express
. Northern & Shell also owns British television network Channel 5
as well as Portland TV, which, in turn, owns the adult
TV channels Television X
, Red Hot TV
, and others.
In 2010, Desmond was ranked the equal-57th richest man in Britain according to the Sunday Times Rich List
, with a net worth of £950 million, He was once again listed on the 2011 Sunday Times Rich List
, with his fortune still at £950 million.
Desmond was born in north London into a Jewish family, the youngest of three children. His father, Cyril, was at one time managing director of cinema advertising company Pearl & Dean
. An ear infection caused the sudden loss of Cyril Desmond's hearing and, according to Richard, he used to take him along, when he was no more than three years old, to act as "his ears" in business meetings, where he ostensibly acquired his "first taste of business dealings". The Independent
, 21 June 2010 The......