Richard Desmond net worth & biography:
Richard Desmond Net Worth: A self made billionaire, Mr. Desmond is best known as the owner of UK’s popular network, Channel 5. The firm evolved over time and by 1983 it got a permit to release Penthouse in britain. As a result of his interest in both music and marketing, he even began a magazine called International Musician. In 2000, he got the possession on the British paper group Express, which contains such names as the Daily and Sunday Express, the Daily Star and Daily Star Sunday, along with the Irish Daily Star. By 1993, the group began to release the star weekly magazine Ok! Besides the aforementioned names, Richard Desmond also possessed more than 40 adult entertainment publications that he afterwards sold in 2004. It was on July 23, 2010 that he purchased Channel5, which airs Dallas, American Idol and Celebrity Big Brother. From way back its acquisition, Desmond has made some important changes transforming the board, slimming down staff, moving headquarters and buying a number of new programming.