10 Rags to Riches Billionaires
By siliconindia
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Monday, 24 October 2011, 16:56 IST |
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Richard Desmond, United Kingdom
Net worth: $1.3 billion
After parents divorced, went to live in a garage apartment with his mother. Quit school at age 14 to become a drummer and help pay the bills. ''I wanted money and self-esteem, and I needed something to get me there quick,'' he has said. Worked in coat-check room for tips. Started International Musician magazine at age 22. Dozens of titles followed suit. Now expanding his celebrity magazine OK! around the world. Still drumming; his band RD Crusaders, which includes musicians from The Who and Led Zeppelin, plays charity events.