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1966 – After failed attempts to grow and sell both Christmas trees and budgerigars, Branson launches his first successful business, a magazine named Student, the first issue of which appearing in January 1968. [1] Branson's net worth was estimated at £50,000 by 1969.
Virgin Group [1] is a British multinational venture capital conglomerate founded by Richard Branson and Nik Powell in February 1970. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding company; however, Virgin's business and trading activities date back to the 1970s. The net worth of Virgin Group ...
Sir Richard Charles Nicholas Branson (born 18 July 1950) is an English business magnate who co-founded the Virgin Group in 1970, and as of 2016 controlled 5 companies remaining of once more than 400. [1] Branson expressed his desire to become an entrepreneur at a young age.
As a teenager, Richard Branson wanted to be an editor or a journalist — but his sense of adventure and drive for business helped him transform into the billionaire business magnate he is today.
Whenever Branson launches a new venture—including airline Virgin Atlantic in 1984 and communications business Virgin Mobile in 1999—he said his approach boils down to just two questions:
Shares of Virgin Galactic, the space tourism venture founded by Richard Branson, are plunging after the British billionaire said he has no plans to invest more money in the company.
In 2001, the then Air New Zealand owned Ansett Australia made a buyout offer of $250 million, which was publicly rejected by Richard Branson. [3] In 2002, Virgin came to an agreement with Patrick Corporation to invest in the airline, to allow it to grow into a national airline, filling the void following the demise of Ansett Australia. [4]
Virgin Money, the U.K. bank part-owned by Branson, announced last week that it was the subject of a takeover bid from banking rival Nationwide for £2.9 billion, causing its share price to soar.