richard branson

 

  • The name “Virgin” was suggested by one of Branson’s early employees because they were all new at business.

  • [25] Though not initially as successful as he hoped, the magazine later became a vital component of the mail-order record business Branson started from the same church he
    used for Student.

  • [60] On 13 October 2007, Branson’s Virgin Group sought to add Northern Rock to its empire after submitting an offer that would result in Branson personally owning 30% of the
    company and changing the company’s name from Northern Rock to Virgin Money.

  • [65] Branson in April 2009 at the launch of Virgin America in Orange County, California In February 2009, Branson’s Virgin organization was reported as bidding to buy the
    former Honda Formula One team.

  • [24] Early business career After failed attempts to grow and sell both Christmas trees and budgerigars, Branson launched a magazine named Student in 1966 with Nik Powell.

  • 2020–present: COVID-19 difficulties[edit] In March 2020, during the COVID-19 pandemic which saw a dramatic decline in international air travel of around 60% globally,[98]
    Branson and Virgin attracted criticism by asking staff to take eight weeks’ unpaid leave.

  • A new company was launched with much fanfare and publicity on 8 February 2007, under the name Virgin Media.

  • [88] In October 2017, Branson appeared on the Season 9 Premiere of Shark Tank as a guest investor,[89] where he invested in Locker Board,[90] a sustainable line of skateboards
    invented by 11-year-old, Carson Kropfl.

  • In an interview in Time magazine, published on 10 August 2009, Shatner claimed that Branson approached him asking how much he would pay for a ride on the spaceship.

  • [87] The announced winner of the 2017 Virgin StartUp’s Foodpreneur prize was The Snaffling Pig Co., which won a six-week rental space at Intu Lakeside, the retail center with
    the highest foot traffic in the United Kingdom.

  • In 2013, Branson said that he planned to take his two children, 31-year-old Holly and 28-year-old Sam, on a trip to outer space when they ride the SpaceShipTwo rocket plane
    on its first public flight, then planned for 2014.

  • [37] Branson said that he wept when the sale was completed because the record business had been the very start of the Virgin empire.

  • The first issue of Student appeared in January 1968, and a year later, Branson’s net worth was estimated at £50,000.

  • In February 2018, Branson announced the first Virgin hotel in the UK would open in Edinburgh.

  • [27] Branson took over full direction of Student after successfully bluffing to Powell that the workers at the magazine opposed Powell’s plans to turn the magazine into a
    cooperative.

  • In June 2006, a tip-off from Virgin Atlantic led both UK and US competition authorities to investigate price-fixing attempts between Virgin Atlantic and British Airways.

  • In 1997, Branson took what many saw as being one of his riskier business exploits by entering into the railway business during the privatisation of British Rail in the late
    1990s.

  • At the start of the 2009 Formula One season on 28 March, it was announced that Virgin would be sponsoring the new Brawn GP team,[66] with discussions also under way about
    introducing a less “dirty” fuel in the medium term.

  • This made him the first billionaire founder of a space company to travel to the edge of space.

  • [58] Branson with Alberto Hazan in June 2007 helping launch Virgin Radio Italia On 9 February 2007, Branson announced the setting up of a new global science and technology
    prize—The Virgin Earth Challenge—in the belief that history has shown that prizes of this nature encourage technological advancements for the good of mankind.

  • Whilst Branson had owned three-quarters of Virgin Mobile, he would now get paid £8.5million per annum for the use of the Virgin brand name.

  • [44] 2001–2007: Entry into space travel and Virgin Media[edit] Branson in 2001 On 25 September 2004, Branson announced the signing of a deal under which a new space tourism
    company, Virgin Galactic, will license the technology behind SpaceShipOne—funded by Microsoft co-founder Paul Allen and designed by aeronautical engineer Burt Rutan—to take paying passengers into suborbital outer space.

  • He has a cameo appearance in several films: Around the World in 80 Days (2004), where he played a hot-air balloon operator, and Superman Returns (2006), where he was credited
    as a ‘Shuttle Engineer’ and appeared alongside his son, Sam, with a Virgin Galactic-style commercial suborbital shuttle at the centre of his storyline.

  • Virgin Records would go on to sign other artists including the Rolling Stones, Peter Gabriel, XTC, Japan, UB40, Steve Winwood and Paula Abdul, and to become the world’s largest
    independent record label.

  • Richard Branson with his mother Eve, and the board of directors of the International Centre for Missing & Exploited Children, April 2014 In 1999, Branson became a founding
    sponsor of the International Centre for Missing & Exploited Children (“ICMEC”), the goal of which is to help find missing children, and to stop the exploitation of children, as his mother Eve became a founding member of ICMEC’s board of directors.

  • [citation needed] 1981–1987: Package holiday industries and Virgin Atlantic[edit] Virgin Atlantic Airbus A340 approaching London Heathrow in June 2015 Branson’s first successful
    entry into the airline industry was during a trip to Puerto Rico.

  • Branson later stated an interest in Formula One, but claimed that, before the Virgin brand became involved with Honda or any other team, Formula One would have to develop
    a more economically efficient and environmentally responsible image.

  • [78] In September 2014, Branson announced his investment in drone company 3D Robotics stating, “It’s amazing to see what a little flying object with a GoPro attached can do.

  • After the so-called campaign of “dirty tricks”, British Airways settled the case, giving £500,000 to Branson, a further £110,000 to his airline, and had to pay legal fees
    of up to £3 million.

  • [19] Branson has dyslexia, and had poor academic performance; on his last day at school, his headmaster, Robert Drayson, told him he would either end up in prison or become
    a millionaire.

  • [120][better source needed] On 17 August 2011, he was featured in the premiere episode of Hulu’s first long-form original production entitled, A Day in the Life.

  • [7] For his work in retail, music and transport (with interests in land, air, sea and space travel), his taste for adventure and for his humanitarian work, he has become a
    prominent global figure.

  • Virgin Galactic plans to make flights available to the public with tickets priced at US$200,000 using the Scaled Composites White Knight Two.

  • [84] In November 2015, Branson announced the addition of Moskito Island to the Virgin Limited Edition portfolio.

  • Branson’s net worth was estimated at £5 million by 1979, and a year later, Virgin Records went international.

  • [50] Another airline, Virgin America, began flying out of San Francisco International Airport in August 2007.

  • Virgin Atlantic was given immunity for tipping off the authorities and received no fine—a controversial decision the Office of Fair Trading defended as being in the public
    interest.

  • [105] His high public profile often leaves him open as a figure of satire—the 2000 AD series Zenith features a parody of Branson as a supervillain, as the comic’s publisher
    and favoured distributor and the Virgin group were in competition at the time.

  • He was also the star of a reality television show on Fox called The Rebel Billionaire: Branson’s Quest for the Best (2004), in which sixteen contestants were tested for their
    entrepreneurship and sense of adventure and only lasted one season.

  • In March 2008, he launched Virgin Mobile in India; during that period, he made a cameo appearance in Bollywood film London Dreams.

  • [111] The cast of Top Gear, Jeremy Clarkson, James May and Richard Hammond, attempted to break this record in 2014 with an amphibious vehicle which they had constructed and,
    while successfully crossing the channel, did not break Branson’s record.

  • [112] In September 2008, Branson and his children made an unsuccessful attempt at an eastbound record crossing of the Atlantic Ocean under sail in the 99-foot (30 m) sloop
    Virgin Money.

  • His first business venture, at the age of 16, was a magazine called Student.

  • In 1991, in a consortium with David Frost, Branson made an unsuccessful bid for three ITV franchises under the CPV-TV name.

  • [41][42] A series of disputes in the early 1990s caused tension between Virgin Atlantic and British Airways, which viewed Virgin as an emerging competitor.

  • In May 2018, it was announced that he would become a partner in a private equity fund that will be co-managed by Metric Capital.

  • Virgin Records also introduced Culture Club to the music world.

  • “[107] World record attempts Branson made several world record-breaking attempts after 1985, when in the spirit of the Blue Riband he attempted the fastest Atlantic Ocean
    crossing by ship.

  • He does not own any part of Virgin Media.

  • [100] Branson said: “Over the five decades I have been in business, this is the most challenging time we have ever faced… From a business perspective, the damage to many
    is unprecedented and the length of the disruption remains worryingly unknown.

  • [49] It also started a national airline based in Nigeria, called Virgin Nigeria, which ceased operations in 2009.

  • [63] Plans where GPs could be paid for referring National Health Service (NHS) patients to private Virgin services were abandoned in June 2008.

  • The decision to merge his Virgin Media Company with NTL was made in order to integrate compatible areas of the two businesses.

  • At 70, Branson became the third oldest person to fly to space.

  • [3][4][5] In the 1970s he founded the Virgin Group, which today controls more than 400 companies in various fields.

  • 1988–2000: Telecoms ventures, railways, and worldwide impact[edit] Virgin Trains West Coast Class 390 Pendolino at Lichfield in August 2011 In 1992, to keep his airline company
    afloat, Branson sold the Virgin label to EMI for £500 million.

  • Branson once said, “There is no point in starting your own business unless you do it out of a sense of frustration.

  • [82][83] Due to the line performing below VTEC’s expectations, it was announced in May 2018 that the contract would be terminated early by the government.

  • [93] In April 2018, Branson announced the acquisition of the Las Vegas based Hard Rock Casino-Hotel with plans to re-brand the property under his Virgin Hotels business.

  • [51][52] Branson’s next venture with the Virgin group was Virgin Fuels, which was set up to respond to global warming and exploit the recent spike in fuel costs by offering
    a revolutionary, cheaper fuel for automobiles and, in the near future, aircraft.

  • They raised more than £1m for Holly and Sam Branson’s charity Big Change, which supports young people.

  • [8][9] In 2007, he was placed in the Time 100 Most Influential People in the World list.

  • [103] Branson receives his corporate astronaut wings after Unity 22 On 11 July 2021, Richard Branson took a flight with Beth Moses, Sirisha Bandla and Colin Bennett and reached
    edge of space (86 kilometers or 53 miles) on a Virgin Galactic spacecraft called VSS Unity.

  • [95][96] In September 2018, Branson took part in his fourth Virgin Strive Challenge, where he and a core team travelled more than 2,000 km from Cagliari in Sardinia to the
    summit of Mont Blanc entirely under human and sail power.

  • In 2010, Branson became patron of the UK’s Gordon Bennett 2010 gas balloon race, which has 16 hydrogen balloons flying across Europe.

  • In 1970, he set up a mail-order record business.

  • [85] Branson and Argentina’s President Mauricio Macri, 22 January 2016 In 2017, Virgin Group invested in Hyperloop One, developing a strategic partnership between the two.

  • His first attempt in the Virgin Atlantic Challenger led to the boat capsizing in British waters and a rescue by RAF helicopter, which received wide media coverage.

  • Here, he is seen as a passenger going through Miami Airport security check-in and being frisked – several Virgin Atlantic planes appear soon after.

  • [61] The Daily Mail ran a campaign against his bid; Vince Cable, financial spokesperson for the Liberal Democrats, suggested in the House of Commons that Branson’s criminal
    conviction for tax evasion might be felt by some as a good enough reason not to trust him with public money.

  • [56] In 2006, Branson formed Virgin Comics and Virgin Animation, an entertainment company focused on creating new stories and characters for a global audience.

 

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