It was not shocking at all when Forbes announced him as the 4th richest citizen of the United Kingdom in 2012. After all, it was Richard Branson’s hard work which had brought him there. However, is it possible for a celebrity of his stature to escape controversy?
Singer Antonia Jenae has accused Richard Branson of sexual assault. And that’s not all, the tycoon often finds himself in the middle of minor frauds and tax issues.
Sir Richard Charles Nicholas Branson is a British entrepreneur, author, and investor. Now, at a pinnacle of success, Richard has not been fortunate always and has seen his share of struggle. Do you know that his business even faced liquidation at one point? Let’s find out more about the life and net worth of Richard Branson in 2018.
Early Life & Biography
Richard Branson was born on 18th July 1950, in Blackheath London. He is the son of Eve Huntley Branson and Edward James Branson. For his education, he went to Scaitcliffe School and Stowe School. While growing up, he was not good at studies but managed to engage people around him in interesting conversations. He decided to drop out of school, realizing it was not the place where he wanted to be.
He began his first record business from the chorus of a church, at the age of 16. He advertised his outstanding records in ‘The Student’ magazine, which even became famous instantly and he soon started trading records under the name, ‘Virgin’.
In 1972, Richard Branson married Kristen Tomassi. However, the union didn’t last long as they divorced seven years later in 1979. In 1989, he had his second marriage to Joan Templeman on one of the British Virgin Islands called Necker Island. He is the blessed father of a daughter and a son. He supports many charitable trusts and humanitarian causes.
Career, Awards, & Nominations
Richard Branson set up his small recording studio in Oxfordshire in 1972. Mike Oldfield was the first artist on Virgin Records, who recorded the song, ‘Tubular Bells.’ Following Oldfield’s success, many other musical groups signed on with Virgin Records, like the ‘Culture Club,’ ‘Sex Pistols’ and ‘Rolling Stones.’
In 1980, after the great success of Virgin Records, Richard expanded his business by starting his own travel agency, the Voyager Group. Further, adding to his expanding entrepreneurial ventures, he initiated his own airlines’ group, ‘Virgin Atlantic’ and many Virgin megastores after that.
The Virgin group was sold to Thorn EMI for $1 billion because of financial problems in 1992. This torment broke Richard, but he continued in the music business. In 1996, he inaugurated another record company called V2. He has taken many other steps to enhance his business since then, such as the launch of the Virgin Health Bank on 1st February 2007.
Richard Branson was awarded the ISTA Prize by the International Space Transport Association on 14th November 2011 and was lionized by the United Nations Correspondents Association Citizen of the World Award on 7th December 2007.
Net Worth & Earnings
Richard Branson has a net worth of $5 billion. His multiple businesses spread over 400 sectors contribute to his substantial income. Though it’s not a steadily upward graph, still his profits are significantly more than his losses.
He invests his money in properties; he is the owner of three islands named; Makepeace Island, Moskito Island, and Necker Island. We know what you are thinking. He is giving us new success goals, isn’t he?
There are many billionaires and business moguls in the world, but the things which make Richard Branson different from others are his grip over the tips and tricks of the business world and his ideology towards his work. He inspires us and teaches an elementary fact- “it’s not all about working constantly, but it’s about working smartly.”