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Richard Branson is a self-made billionaire with a fortune of $2.6 billion as of 2023. He owns Virgin Atlantic, Virgin Galactic and other businesses under the Virgin brand, but faces challenges from bankruptcy and sale of his assets.
In June 2023, Forbes listed Branson's estimated net worth at US$3 billion. On 11 July 2021, Branson travelled as a passenger onboard Virgin Galactic Unity 22 at the edge of space, a suborbital test flight for his spaceflight company Virgin Galactic. The mission lasted approximately one hour, reaching a peak altitude of 53.5 miles (86.1 km
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Richard Branson started his entrepreneurial career at age 16 with a magazine, called Student, which interviewed celebrities; the first issue sold almost $8,000 worth of advertising. He dropped out of school to promote his magazine. In 1969, he started a mail-order record business that used the magazine office as an operating base.Branson and his te...
In 1970, Branson launched Virgin Mail Order Records. After a rocky start, he owned 14 record stores by 1972. He used the profits from his record store chain to found the music label Virgin Records in 1972. He earned his first million dollars in 1973 when Virgin recording artist Mike Oldfield sold over five million copies of his record, "Tubular Bel...
Virgin Books and Virgin Video were founded in 1981. Within two years, Branson's business empire included more than 50 different companies with combined sales of more than $17 million. In 1984, Branson paired with lawyer Randolph Fields to start one of his most famous companies yet, Virgin Atlantic.The airline took off (pardon the pun) due to its fi...
In 1992, Branson reluctantly sold Virgin Records for $1 billion in order to keep Virgin Atlantic afloat.These were tumultuous years for Virgin Atlantic. Terrorist attacks kept people from flying, and larger rival British Airways engaged in what Branson called "a hostile campaign designed to cause permanent damage to Virgin." Branson successfully su...
In 2001, Virgin Group launched Virgin Mobile as a joint venture with Sprint. In 2020, Sprint shutdown Virgin Mobile and transferred users to Boost Mobile. In September 2004, Branson turned his eyes to the sky again and joined forces with Burt Rutan, an American aeronautical engineer, to launch Virgin Galactic. The company would offer licensed space...
Branson attributes his success to luck, speed, and hard work. His books and biographies cite his daredevil ideas, originality, willingness to buck norms, and his persistence. Branson never allowed inexperience to discourage him from being a dynamic and daring entrepreneur; he named his company Virgin because he and his employees were all new to the...
Learn how the flamboyant entrepreneur behind Virgin Group made his fortune from music, airlines, space tourism, and more. As of December 2023, Branson's net worth stood at an estimated $3.4 billion, according to Forbes.
Aug 21, 2023 · As of 2023, Richard Branson's net worth is estimated to be $4 billion, per various outlets. This figure reflects a staggering drop of 42.6% compared to his net worth in 2022, per National...
Learn about the business ventures, philanthropy and eccentric personality of Sir Richard Branson, the British billionaire and founder of Virgin Group. His net worth is $3 billion as of December 2023, according to Celebrity Net Worth.
Sep 21, 2021 · Learn how the Virgin Group founder amassed a $4.6 billion fortune from various businesses, including Virgin Galactic, the space tourism company he launched in 2021. Find out his advice to entrepreneurs and his space ambitions.
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As of March 2024, Richard Branson's net worth is tracked in real-time by Forbes magazine, and it stands at $2.9 billion. Branson even owns a private island. Although his businesses have...
