Richard Branson Net Worth: Is He Born In 1950? Sir Richard Branson is a well-known entrepreneur, philanthropist, and media personality from the United Kingdom. His net worth is now estimated to be $5 billion. Richard Branson became wealthy while serving as the chief executive officer of the Virgin Group. Richard Branson is also well-known throughout the world for the unconventional and risk-taking nature of his personality. Virgin Megastores, Virgin Airways, Virgin Mobile, and Virgin Galactic are all examples of businesses that are owned and operated by Richard Branson. In addition to being a well-known philanthropist, Richard has made guest appearances in a number of films and television shows, typically as himself.
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|Net Worth:||$5 Billion|
|Date of Birth:||Jul 18, 1950 (71 years old)|
|Height:||5 ft 10 in (1.791 m)|
|Profession:||Businessperson, Actor, Film Producer, Entrepreneur, Investor, Television producer|
Richard Branson’s Early Life
The eldest of three children, Richard Branson was born on July 18, 1950, in Blackheath, London. Because he has two younger siblings. Due to his dyslexia, he was unable to perform well in school. Richard was famously told by the headmaster on his last day of school that he would either be imprisoned or a millionaire. Richard would go on to prove his prediction five thousand times during the next decades.
Branson’s parents were supportive of his entrepreneurial endeavors from an early age. At the age of 16 in 1966, Branson founded Student, a magazine for high school students. The inaugural edition of the magazine was published in 1968. Branson also began a mail-order record company in the basement of his church around the same time. As an extension of his record company, he advertised popular records in the magazine in order to boost sales. His modest record store was an instant hit, and he was able to sell his records for cheaper than the big London record stores because of his smaller overhead. Because everyone engaged in the venture had essentially little expertise in life or business, it became known as Virgin Records.
Richard Branson’s Virgin Records
Branson started his first record store in London in the early 1970s. Virgin Records was created by Richard Branson after he had made a profit from his record business. It was his idea to turn an old farmhouse in the country into a recording studio and rent it out to various artists for use. Mike Oldfield’s 1973 album “Tubular Bells,” which became a smash, was one of the first bands signed to Virgin Records. The Sex Pistols were signed to Branson’s company despite their contentious nature; other labels were wary of signing them. XTC, UB40, Steve Winwood, and Paula Abdul were all signed by Virgin Records after the Rolling Stones and Peter Gabrial left the company. Culture Club was Branson’s idea, and the rest of the world took notice. It wasn’t long before Virgin Records had grown into the largest independent record label in the world. During the 1980s, Virgin Records became a global brand.
When Branson’s flight to Puerto Rico was canceled in the early 1980s, he and his wife, as well as the other passengers, were left stranded. He found a chartered plane, calculated the per-passenger cost by dividing the plane’s total cost by the number of passengers, and set the price at $39. A few months later (summer 1984), Branson started Virgin Atlantic Airways, his transatlantic airline. Afterward, he founded Virgin Express, Virgin Nigeria, and Virgin America from this location. Virgin Media was formed in 2006 when he combined with NTL, a UK-based communications provider. Virgin Trains was also founded by him.
After announcing the formation of Virgin Galactic in September 2004, Branson said, “We’re going into space.” It aims to transport paying customers into low-Earth orbit. A ticket to fly on Virgin Galactic, a subsidiary of Virgin Group, will set you back a cool $200,000. Paul Allen’s SpaceShipOne technology is used by Virgin Galactic.
Richard Branson’s Personal Life
For the first time in his life, Branson wed Kristen Tomassi in 1972. In 1979, they divorced. He married Joan Templeman in 1989 on Necker Island, where he had two children, Holly and Sam, with her.
As a skilled kitesurfer, Branson has set numerous world records throughout his time on the water. A bike accident in August 2016 left him with serious injuries. He’s a well-known daredevil. He suffered ligament tears and a fractured cheekbone, necessitating a medical evacuation to Miami.
Branson’s Necker Island mansion was completely destroyed by Hurricane Irma in 2017. Previously, the Necker Island house had suffered significant damage. During Hurricane Irene in 2011, the house was struck by lightning and set on fire.
Richard Branson’s Real Estate
In 1976, Branson paid $180,000 for 74-acre Necker Island in the British Virgin Islands. It was an empty wasteland at the time. Unless he built a resort in five years, the island would revert to the government. He was successful in his mission, and the island can now be rented for roughly $65,000 a day. That has two private beaches, two swimming pools, a tennis court, a chef, and a crew of 100. In today’s market, Necker Island could fetch upwards of $200 million if he agreed to sell.
The Lodge in Verbier, Switzerland, is owned by Branson as well. The Swiss Alps’ most opulent residence is a nine-bedroom cabin. To take advantage of the world-class skiing and snowboarding, it is situated in an ideal location The Beckhams and Leonardo DiCaprio have both been to the Lodge.
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