What is Richard Branson net worth?
Richard Branson holds the record as the first billionaire to travel to space
In this write up, we will be bringing to you the net worth and lifestyle of one of the richest people in the world, Richard Branson.
Branson is an English businessman, investor and an author.
Richard Branson Net worth Profile
|Sir Richard Charles Nicholas Branson
|Date of birth
|18 July, 1950
|Businessman and author
|Virgin Group Founder
Richard Branson net worth 2024 is $4.4 billion. He is the third oldest person and the first billionaire to travel to space. Branson is among the wealthiest people in the world list.
Early Life of Richard Branson
Branson was born in Blackheath, London, to Eve Branson, a former ballet dancer and air hostess, and Edward James Branson, a barrister.
He has two younger sisters, Lindy Branson and Vanessa Branson. His grandfather, Sir George Arthur Harwin Branson, was a judge of the High Court of Justice and a Privy Councillor.
Branson was educated at Scaitcliffe School, a prep school in Surrey, before briefly attending Cliff View House School in Sussex. He attended Stowe School, an independent school in Buckinghamshire until the age of sixteen.
Branson has dyslexia, and had poor academic performance; on his last day at school, his headmaster, Robert Drayson, told him he would either end up in prison or become a millionaire.
After failed attempts to grow and sell both Christmas trees and budgerigars, Branson launched a magazine named Student in 1966 with Nik Powell. The first issue of Student appeared in January 1968, and a year later, Richard Branson net worth was estimated at £50,000.
Though not initially as successful as he hoped, the magazine later became a vital component of the mail-order record business Branson started from the same church he used for Student. Branson used the magazine to advertise popular albums, driving his record sales.
Branson took over full direction of Student after successfully bluffing to Powell that the workers at the magazine opposed Powell’s plans to turn the magazine into a cooperative.
Branson eventually started a record shop in Oxford Street in London. In 1971, he was questioned in connection with the selling of records declared export stock.
The matter was never brought before a court because Branson agreed to repay any unpaid purchase tax of 33% and a £70,000 fine. His parents re-mortgaged the family home to help pay the settlement.
In 1972, using money earned from his record store, Branson launched the record label Virgin Records with Nik Powell. The name “Virgin” was suggested by one of Branson’s early employees because they were all new at business.
Branson bought a country estate north of Oxford in which he installed a residential recording studio, The Manor Studio.
He leased studio time to fledgling artists, including multi-instrumentalist Mike Oldfield, whose debut album Tubular Bells (1973) was the first release for Virgin Records and became a chart-topping best-seller.
Among the other artistes virgin records signed include; Rolling Stones, Peter Gabriel, XTC, Japan, UB40, Steve Winwood and Paula Abdul. It later became the world’s largest independent record label.
Richard Branson net worth was estimated at £5 million by 1979, and a year later, Virgin Records went international.
Virgin Atlantic Airways
Branson’s first successful entry into the airline industry was during a trip to Puerto Rico. His flight was cancelled, so he decided to charter his own plane the rest of the way and offered a ride to the rest of the stranded passengers for a small fee to cover the cost
Branson formed Virgin Atlantic and Virgin Cargo in 1984. He formed Virgin Holidays in 1985.
In 1997, Branson founded the Virgin Rail Group to bid for passenger rail franchises during the privatisation of British Rail. The Virgin Trains brand operated the InterCity West Coast franchise from 1997 to 2019, the InterCity CrossCountry franchise from 1997 to 2007, and the InterCity East Coast franchise from 2015 to 2018.
In 2004, he founded spaceflight corporation Virgin Galactic, based at Mojave Air and Space Port in California, noted for the SpaceShipTwo suborbital spaceplane designed for space tourism.
In March 2000, Branson was knighted at Buckingham Palace for “services to entrepreneurship”.
For his work in retail, music and transport (with interests in land, air, sea and space travel), his taste for adventure and for his humanitarian work, he has become a prominent global figure.
In 2007, he was placed in the Time 100 Most Influential People in the World list. In July 2021, Forbes listed Branson’s estimated net worth at US$5.7 billion.
Richard Branson Net Worth
Richard Branson net worth is $4.4 billion. He is the third oldest person and the first billionaire to travel to space. Branson is among the wealthiest people in the world list.
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). At 71, Branson is the third oldest person to fly to space and the first billionaire to do so.
Who went to space with Richard Branson?
Beth Moses and Sirisha Bandla
How did Richard Branson get rich?
By the ’70s, Richard Branson and Nik Powell started a mail-order record retailer. From there, the business then evolved into a record shop on Oxford Street in London called Virgin Records, according to Virgin’s website. Eventually, Virgin took a deep dive into the aviation industry and launched Virgin Atlantic in 1984.
What is Richard Branson famous for?
Richard Branson is Founder of the Virgin Group. Virgin is one of the world’s most irresistible brands and has expanded into many diverse sectors from travel to telecommunications, health to banking and music to leisure.
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