Sir Richard Branson is a well-known humanitarian an investor a business magnate. The British born to be an entrepreneur billionaire has become so rich thanks to his lucrative business ventures. The main source of Richard Branson net worth fortune is his conglomerate of his over 400 businesses that fall under the Virgin Group.
Being the owner of companies such as Virgin Airlines, Virgin Blue, Virgin Galactic, Virgin Islands and many others what exactly do you think is Richard Branson net worth as of 2018? Well here is Richard Branson net worth in 2018 and a few things you probably don’t know about Richard Branson.
Richard Branson Biography
Sir Richard Charles Nicholas Branson is the son of a barrister Edward James Branson and air hostess Eve Branson who gave birth to him in 1950. He is the eldest among the three children of the couple. He went to school at Scaitclife School then joined Cliff View School before ending up in Stowe School. He dint perform well academically and the headmaster would tell him that he might end up in prison or become a millionaire. After school the parents were very supportive to him especially on his endeavors and they were also successful in their business of making wooden tissue and wastepaper bins.
Branson was married before to Kristen Tomassi from 1972 to 1979 when they divorced but he remarried Joan Templeman in 1989 whom they have two children with.
Brandon started his career by running a student magazine where he would interview prominent people and advertise popular records on the magazine. He moved from magazine and started a record shop in London and in 1972 he launched Virgin Records. He also launched The manor Studio where he did with artist such as Mike Oldfield and Tubular Bells in releasing several of ther albums. He worked with artists such as Sex Pistols, UB40, Rolling Stones and others making it become the world’s largest independent record label. He would sell the Virgin label to EMI to save the airline for £500 million. for the love of music he would launch V2 Records just to enter into music business again in 1996.
Richard has many business ventures considering the Virgin Group controls around 400 companies. Branson decided to venture into the airline business after his flight was delayed and that’s how Virgin Atlantic Airways came to be. Today he also owns Virgin Australia Airlines Pty Ltd which is the largest airline by fleet size and it’s the second largest airline in Australia. Other than the airline business he has also ventured in the railways business where he has Virgin Train which is a train operating company based in the UK. Other than modes of transport Branson has also ventured into communication where he has invested in Virgin Mobile. The company offers its services in more than 12 countries in the world.
Branson thought of space tourism and Virgin Galactic was founded which is a company that develops commercial spacecrafts and deals with space tourism and space related services such as space science missions. He has also ventured into energy where under Virgin Green Fund he had invested in renewable energy though closed in 2014.
Other companies that have been founded by Branson are Virgin media which deals with television, internet, telephone services in the UK, Liquid Comics , Virgin Money, Virginhealthcare, Virgin Racing, among many other businesses.
On awards and achievements: Richard Branson has been awarded with honorary degree of Doctor of Technology, honor of knight Bachelor, received Tony Jannus Award, Presidents Merit Award, and Doctor Honoris Causa honorary degree among other awards.
How much is net worth of Richard Branson
Richard Branson net worth currently stands at $5.1 billion. the source of Richard Branson net worth fortune is his numerous returns on investment on over 400 companies under Virgin Group. Branson has invested in airline industry, rail industry, space tourism and exploration, energy, communication, media and many other. The businesses as of 2017 financial year are reported to have brought around $24 billion annual revenue and they are spread in over 35 countries.
6 Facts You Need To Know About Richard Branson
Truly education isn’t everything one needs to succeed sometimes the natural intelligence in you can make you rich. This can be verified through the success of the British business tycoon who has invested heavily in almost all industries under Virgin Group. Apart from Richard Branson net worth here are a few things probably you don’t know about Sir Richard Branson.
1. He started his own business at the age of 15 the student magazine.
2. He went to jail when he tried to fraud the British government on records sales.
3. He is a big fan of Star Trek.
4. He set world record by becoming the first person to Cross Atlantic Pacific using a hot air balloon.
5. Necker Island is a private property of Sir Richard Branson’s.
6. He is now a proud owner of a pet tortoise that survived when fire broke out and destroyed.
nearly everything except the tortoise in Necker Island home.
Richard Branson net worth of $5.1 billion as of 2018 just shows you that if you won’t give up because of your shortcomings you can still excel to greater heights.