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#SecretsSelfmadeBillionaires

Dermot Desmond dropped out of high school at age 18 to work for Citibank in Dublin. His second job was at Bank of Ireland. His third job was as a consultant for Price Waterhouse & Cooper for the World Bank in Afghanistan. It was a dangerous mission. In 1981, at age 31, he founded NCB Brokerage. In 1994, he sold NCB for $39B and later he founded his own private equity firm IIU. He was architect and sponsor of IFSC (International Financial Service Center) in Dublin in the 1980s, which engineered the Irish Economic Miracle, also known as The Celtic Tiger. Then the financial and real estate bubble bursted in 2008 and Ireland went into a debt spiral. In 2006, he saw the bubble and warned his staff not to buy properties. He said during the bubble Nobody said No. Now 70 year old and very rich, his nickname is The Kaiser. He is a majority owner of the Glasgow Celtic and he loves to play golf all over the world.