Richard Branson is a well-known English business magnate who is the founder of Virgin Group and has wanted to be an entrepreneur from a very young age, and is also a philanthropist and investor. Branson began his career at 16 years old, and later went on to create Virgin Megastores. He has appeared in the 100 Greatest Britons by BBC in 2002. Let’s find out how much is Richard Branson’s net worth in 2018.
Richard Branson Early Life
Sir Richard Charles Nicholas Branson was born on 18 July 1950, in London, England to his parents Edward James Branson and Eve Branson.
He has attended several schools including Stowe School in Buckinghamshire. He always wanted to become a businessman from an early age and his parents were supportive of his decisions.
In 1972, Richard Branson got married to Kristen Tomassi. They divorced in 1979. In 1989, he got married to Joan Templeton. The couple has two children named Holly and Sam. He also had a daughter, Clare Sarah who could not survive. His autobiography ‘Losing My Virginity’ was an international bestseller and was released in 1998.
He is known for his casual dressing style. Branson has written many books including ‘Finding My Virginity’, ‘Business Stripped Bare’, and ‘Screw It, Let’s Do It’. He has done a lot of work for humanitarian works. In 1999, he founded the International Centre for Missing & Exploited Children.
Richard Branson Career, Awards & Achievement
Richard Branson used to run the Student magazine at the age of 16. In 1971, he started a record shop. The magazine became popular under the name of ‘Virgin’. In 1972, he created the record label called Virgin Records. He also created the recording studio known as The Manor Studio.
With Virgin Records, he signed many bands like Sex Pistols, UB40, Rolling Stones, Paula Abdul, Peter Gabriel, and Steve Winwood. In 1982, Virgin bought ‘Heaven’, which is a gay nightclub. Virgin label was sold to EMI in 1992.
In 1984, Branson formed the Virgin Atlantic Airways. In 1999, he launched Virgin Mobile and in 2000, he created Virgin Blue. In 1996, he acquired the Euro Belgian Airlines. This led on to form Virgin Nigeria and Virgin America.
He then went on to form Virgin Fuels. In 2006, Branson announced to create Virgin Trains and Virgin Atlantic. Virgin Mobile was sold in 2006. In the same year, he formed the entertainment company Virgin Animation and Virgin Comics. He also launched Virgin Health Bank.
In 1999, Richard Branson was made Knight Bachelor by Queen Elizabeth II. In 2000, he won the Tony Jannus Award. He is also the winner of the German Media Prize in 2011. In 2012, he won the President’s Merit Award from the National Academy of Recording Arts and Sciences. Norway’s Business for Peace Foundation conferred Branson with the Business for Peace Award in 2014. He is the recipient of the International Crisis Group Chairman’s Award in 2015. He has received honorary degrees from several universities.
Net Worth of Richard Branson
Richard Branson has an estimated net worth of more than $5.1 billion. This fortune comes from creating his own label called ‘Virgin’. He found immense success by starting the Student magazine and is today one of the richest Britons in the world. His company controls above 400 companies. In 2006, he was featured in the Rich List by The Sunday Times. Branson has also guest appeared on several television shows and has made cameo appearances in many movies. With Virgin, his fortune turned into a multi-billion dollar empire.
Richard Branson is considered one of the most popular business magnates the world. He has made several efforts with regards to philanthropy and climate change. In 2010, Richard Branson became the Broadband Commission for Digital Development’s Commissioner. He has also attempted to create several world records and has crossed Japan to Arctic Canada at a speed of 394 km/h.