How Did Richard Branson Achieve a Net Worth of $5 Billion?

Talk about the most industrious and business-minded persons in the world and Richard Brandon’s name will come up at some point. A truly fascinating and focused individual, Branson has established himself as one of the world’s most incredibly gifted businessmen who delved into doing business from when he was still just a young man and did not stop even after became a billionaire. Richard Branson’s net worth is now pegged at more than $5 billion and this not surprising considering the fact that he has established so many companies since he started.

Considered by many as a sharp-eyed man who knows how to spot ground-breaking opportunities, Branson has provided employment for thousands of people around different countries of the world.

Find out how Richard Branson’s net worth of $5 billion was built over the years? Let’s take a look at his life.

The Early Days

Born on 18th July 1950, Richard Branson whose full name is actually Richard Charles Nicholas Branson grew up in London with his family. He was born to a mother called Eve Branson and a father identified as Edward James Branson and grew up with two siblings.

Growing up, he attended Scaitcliffe School in Surrey before proceeding to briefly study at the Cliff View House School in Sussex. He later attended the Stowe School in Buckinghamshire. However, Branson had dyslexia, a reading disorder and was not very good in school. Nevertheless, he showed signs that he was bound to be an industrious businessman right from his early years and his parents supported him all the way. He got his business acumen from his mother who was an entrepreneur herself.

Despite not being good at his studies, it was not long before Branson began to do business, forging his way to greatness and raking in a lot of money.

How Did Richard Branson Increase His Net Worth To $5 Billion?

Richard Branson’s net worth is $5 billion at the moment and we are going to take a look at how he managed to make all that money. Like we have stated, Branson got into business when he was still a very young man. In fact, it is on record that he was just 16 years old when he established his first business; a magazine called Student in 1966. The magazine did very well and even sold an amazing $8,000 worth of advertising just for its first issue. It was at this time that he dropped out of school so that he could pursue his dream of doing business.

READ   This Is How NBA King Lebron James Makes and Spends His Millions

A focused individual, Branson continued building his business and by 1969 he already had 20 employees. In 1970, he started another business, this time a mail-order record business which he called Virgin Mail Order Records. At first, he experienced some hurdles operating the business but he soon found his footing and by 1972, he already had 14 record stores around the town. With a burning passion to expand his business empire, Richard Branson used the profit he made from Virgin Mail Order Records to start a music label which he called Virgin Records in 1972. The record label became a success after signing some notable names in the world of music at the time including Mike Oldfield, Sex Pistols, The Rolling Stones and Ozzy Osbourne. The success of the record label fetched Richard Branson his first million dollars.

Richard Branson's net worth
Richard Branson serves passengers inside his airline, Virgin Atlantic.

In 1981, Richard Branson established two more businesses; Virgin Books and Virgin Video. At this time, he was already a popular Briton who was known for his business-savvy moves and knack for wealth creation. In the early 80s, Branson’s businesses had spread across more than 50 different companies and had already made a combined sales of more than $17 million.

Read Also: 15 College Dropouts That Became Billionaires

Richard Branson launched his biggest company so far, the Virgin Atlantic Airways in 1984 after pairing with Randolph Fields, a popular lawyer. Today, it is one of the renowned airlines in the world. Other business ventures he has established include Virgin Mobile which he established in 2001 and Virgin Galactic, a space tourism company formed in 2004. He is also the owner of Virgin Orbit, Virgin Unite, and Virgin Fuels.

As expected, his many businesses have shot Richard Branson’s net worth to the sky. His industry and fearless approach to doing business has made him one of the highly revered businessmen at the moment. Today, he is also regarded as one of the best persons to do business with and is also considered to be of the most influential persons on earth.

Samuel Daniel
Samuel Daniel
Samuel is a researcher and content creator who is deeply passionate about writing and singing. His expertise is in finance, celebrity profiles and net worth, creative writing, fictional character development, as well as article writing, revolving around exciting names in the world of entertainment, sports and business. Previously, he has worked as Sports and Foreign news correspondent, and voice-over expert with NTA as well as a reporter and deputy news editor for orientation broadcast studio. He holds a B.Sc in Mass Communications


Eden McCoy – Interesting Details About The General Hospital Actress

Entertainment is round the clock in America and at the heart of it are soap operas. One that has been on the air for...

Who Is Yaron Varsano, What Does He Do And When Did He Become Gal Gadot’s Husband?

When it comes to power couples, there are a variety of options to pick from, especially in the entertainment industry, where there is no...

Who Is Ayisha Diaz? Here Are 5 Facts About The Love & Hip Hop: New York Star

Ayisha Diaz is a video vixen who has featured in the music video of top music acts including Nicki Minaj, Drake, Chris Brown, Meek Mill and while fans...

Who Is Anastasia Baranova? Is She Married And How Did She Become Famous?

The stunning movie star, Anastasia Baranova, has become one of the most popular Russian-American actresses currently making waves in the American entertainment industry. The...

What We Know About T Pain’s Wife, Net Worth and The Meaning of His Tattoos

Tallahassee Pain, or T-Pain, as the world knows him, is one of the most influential musicians in modern history. His popularization and creative use...

Things You Probably Didn’t Know About Hillary Clinton

Described as one of the most qualified people to ever run for President of the United States, Hillary Clinton is a former First Lady,...

The Untold Truth of Beth Britt – Jeff Hardy’s Wife

Wrestling is a form of entertainment that cuts across the globe and its biggest purveyor is the World Wrestling Entertainment (WWE). The organization has...

Who is Sebastian Janikowski, How Old is He and How Much is He Worth?

Even though many regard him as the worst first-round pick ever, it'd be unfair to deny that Sebastian Janikowski has proven himself to be one...

How Francoise Bettencourt Meyers Became The Richest Woman With a Fortune of $71.8 Billion

Industries such as tech, real estate, energy, agriculture, pharmaceuticals, and entertainment constitute some of the major money-spinners in the world. But another sector that...

What Was Paul Allen’s Net Worth When He Died and Was He Married With Kids?

Paul Allen was an American business tycoon, investor, and philanthropist. He owes a substantial part of his $20 billion wealth to Microsoft of which...

What You Should Know About Josh Altman’s Net Worth, Wife and Family

Being a real estate agent can be a glamourous job especially in top city areas like Los Angeles. Through shows like Million Dollar Listing, young real...

Featured Today

What Is Wrong With Barron Trump, Is He Really Autistic? Where Is He Now?

Autism is prevalent and can affect people of all ethnic, racial and socioeconomic groups. The disorder, which limits a person's ability to relate and...

20 Richest Black (African American) Actors and Actresses and Their Net Worth

Over the years, Forbes has annually published a list of the highest-paid actors and actresses in Hollywood as well as the highest-paid TV stars...

Captivating Facts About Nicole Lz’s Divorce and Relationship With Adam Lz

There are many ways to become popular in this day and age. A few people have achieved fame by being good at what they...

Paul Vincent – Siblings, Parents & Family Of Vin Diesel’s Brother

As far as franchises in Hollywood goes, the Fast and Furious franchise is definitely one of the most popular and lucrative franchises in the...

Understanding Scottie Pippen’s Net Worth and Details About His Wife and Children

Scottie Pippen is an American retired professional basketball player who is best known for his days with NBA's Chicago Bulls where he accomplished tremendous...

Related Stories