Richard Branson Net Worth 2022 (Forbes) – How Did He Get Rich? Exposed!

Richard Branson Net Worth

Richard Branson has a net worth of $4.4 billion. British entrepreneur Richard Branson launched Virgin Records in the early 1970s, eventually building his business into the multinational Virgin Group. He earned the majority of his income from the Virgin Group.

Richard Branson struggled in school and dropped out at the age of 16, which led to the formation of Virgin Records. His business ventures began in the music industry and expanded into other sectors, including the space-tourism venture Virgin Galactic, which made him a billionaire. Branson is also known for his daring spirit and sporting accomplishments, such as crossing oceans in a hot air balloon.

To calculate the net worth of Richard Branson, subtract all his liabilities from his total assets. Investments, savings, cash deposits, and any equity he has in a house, car, or other similar asset are included in the total assets. All debts, such as student loans and credit card debt, are included in total liabilities.

Here’s the breakdown of his net worth:

Name: Richard Branson
Net Worth: $4.4 billion
Monthly Salary: $1 Million+
Annual Income: $300 Million+
Source of Wealth: The Virgin Group, Investments

Young Entrepreneur

Richard Charles Nicholas Branson was born in Surrey, England on July 18, 1950. Edward James Branson, his father, was a barrister. Eve Branson, his mother, worked as a flight attendant. Branson struggled with educational institutions due to his dyslexia. He almost dropped out of Scaitcliffe School, which he attended until the age of 13. He was then transferred to Stowe School, an English boarding school in Stowe, Buckinghamshire.

Still struggling, Branson dropped out at the age of 16 to launch Student, a youth culture magazine. In its first edition, published in 1966, the student-run publication sold $8,000 in advertising. The first 50,000 copies were distributed for free, with Branson covering the costs through advertising.

Branson was living in a London commune by 1969, surrounded by the British music and drug scene. During this time, Branson had the idea to launch Virgin Records as a mail-order record company to help fund his magazine efforts. The company did well enough for Branson to expand his business venture, opening a record store on Oxford Street in London. The success of the new store enabled the high school dropout to build a recording studio in Oxfordshire, England, in 1972.

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Virgin Records

Mike Oldfield, the first artist on the Virgin Records label, recorded his single “Tubular Bells” with the help of Branson’s team in 1973. The song was an instant hit, spending 247 weeks on the UK charts. Taking advantage of the momentum created by Oldfield’s success, Branson signed other aspiring musical groups to the label, including the Sex Pistols. Artists such as Culture Club, the Rolling Stones, and Genesis would follow, helping to establish Virgin Music as one of the world’s top six record labels.

Business Expansion

Branson expanded his business ventures once more, this time to include the Voyager Group travel company in 1980, the Virgin Atlantic airline in 1984, and a chain of Virgin Megastores. However, Branson’s success was not always predictable, and by 1992, Virgin was experiencing financial difficulties. Thorn EMI purchased the company later that year for $1 billion.

Branson was devastated by the loss, reportedly crying after the contract was signed, but he was adamant about staying in the music business. In 1993, he established Virgin Radio, and in 1996, he established V2, which signed artists such as Powder Finger and Tom Jones.

The Virgin Group eventually expanded to 35 countries, with nearly 70,000 employees managing operations in the United Kingdom, the United States, Australia, Canada, Asia, Europe, South Africa, and elsewhere. He has expanded his businesses to include a train company, a luxury game preserve, a mobile phone company, and Virgin Galactic, a space tourism company.

Branson is also well-known for his sporting accomplishments, including the record-breaking Atlantic crossing in Virgin Atlantic Challenger II in 1986, as well as the first hot-air balloon crossings of the Atlantic (1987) and Pacific (1991). In 1999, he was knighted for his contributions to entrepreneurship, and in 2009, he was ranked No. 261 on Forbes’ “World Billionaires” list with his $2.5 billion self-made fortune, which included two private islands.

Virgin Galactic, Voyages and Hotels

In recent years, the ever-risk-taking Branson has devoted much of his time and energy to his space-tourism venture. He formed The Spaceship Company with Scaled Composites and began work on a suborbital spaceplane. With the test launch of SpaceShipTwo in April 2013, the project made a significant step forward.

“We’re absolutely delighted that it broke the sound barrier on its very first flight, and that everything went so smoothly,” Branson said to NBC News of his spaceship’s first test. By April 2013, over 500 people had reserved seats on a Virgin Galactic spaceship.

Branson announced the launch of Virgin Voyages, a new cruise line, in 2015. On October 31, 2017, the company celebrated the laying of the keel for its first ship. Virgin’s cruise ships, which are designed to hold 2,800 passengers and a crew of 1,150, are still on schedule to debut in 2020.

In addition, the mogul moved forward with his 2010 start-up Virgin Hotels.

Virgin announced its presence in Las Vegas in 2018 by purchasing the Hard Rock Hotel. The company intended to keep the hotel running as usual before beginning renovations in 2019.

Personal Life

Branson is married to Joan Templeman, his second wife, with whom he has two children, Holly and Sam. He frequently visits his home on Necker Island in the British Virgin Islands, even after Hurricane Irma nearly destroyed the island in September 2017.

What House Does Richard Branson Have?

In 1976, Branson paid $180,000 for 74 acres of Necker Island in the British Virgin Islands. Necker Island was uninhabited at the time. If the resort was not built within five years, the island would revert to government ownership. It succeeded, and you can now rent the island for about $65,000 per day. That package includes two private beaches, tennis courts, swimming pools, a personal chef and 100 employees. Necker Island is probably worth well over $200 million today if he would accept any price.

The Lodge at Verbier, in the Swiss Alps, is also owned by Branson. The nine-bedroom chalet is considered one of the most luxurious homes in the Swiss Alps. The resort is in a perfect location for skiing and snowboarding. Leonardo DiCaprio and David Beckham have already visited the lodge.

In 2015, for about $14.3 million, Branson bought a property in Mallorca, Spain for the second time. He plans to turn the property into the best eco-resort in Europe.

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How Much Are Richard Branson’s Cars Worth?

Since Richard Branson is rich, he owns some luxurious cars. It would be nearly impossible to cover every car Richard Branson has owned, but here are some of the highlights.

1. Humber Super Snipe

An excellent example of a British luxury saloon, this four-door is a pleasure to drive. Branson used this car as a daily driver for a while, but it is such a rare car that most people haven’t heard of it.

There has been a 60-fold increase in its net asset value (NAV).

2. Aquada

Gibbs Aquada is an amphibious automobile that can travel over 100 mph on land and more than 30 mph in water. In addition to handling and performing well on both terrains, it has enough power to tow a water ski.

3. Fisker Karma

It is appropriate for the billionaire to ride in a luxury, high-performance luxury car. He has said several times that electric cars are the future and he is a proponent.

4. Range Rover Astronaut Edition

Using them to tow around his spacecraft, Branson and the Range Rover brand are pretty tight. Range Rover Astronaut Edition SUVs towed the most recent flight to the launch pad.

How Much Money Has Richard Branson Donated?

Richard Branson has donated a lot of money to charity over the years. He reportedly supports more than 28 projects, including gender equality, LGBTQ rights, environmental protection, and climate change. He supports some 37 charities, including Virgin Unite, the charitable foundation he founded in 2004.

In addition, he launched Virgin Startup, the UK’s official delivery partner for Start Up Loans. Using his new organization, he offered loans to entrepreneurs ages 18 to 30 throughout the UK. The pilot scheme, which ran for 11 months, injected £600,000 into 100 businesses.

Branson has pledged to commit $3 billion, or all the profits of his travel companies over the next ten years, to fight global warming.

He has previously donated to educational institutions in Africa.

Branson founded his first charity, the Student Valley Centre, when he was only 17 years old.

Richard is a patron of the International Rescue Corps.

Richard Branson Height

Richard Branson is 1.79 m tall. 

Richard Branson Age

Richard Branson was born on July 18, 1950. He is 71 years old as of June 2022.

Success Lessons From Richard Branson

1. It is never too early to start

There is no greater thief of opportunity than procrastination.

Many of us are gifted with brilliant business ideas, but we waste them away by postponing the day of commencement. We keep hoping for the perfect time to start. Hello!!! There is never a perfect time or perfect circumstance.

Whatever you can think of start working on it right away, not after you get into school, or after you graduate, or after you get married. The time is now!

2. Search for your strong side, use it to your advantage

Richard had Dyslexia, which automatically meant that he performed badly in school and also meant that many would have considered him a failure. But no one was created a failure; everyone has a strong side, an area where he or she is better than most other people. Richard found his and he used it to his advantage. F ind an area that you are most comfortable, and use it to complement that where you are lacking.

3. After one success move to the next

Winston Churchill once said, ‘Success is not final, failure is not fatal, it is the ability to move on that counts’. Do not relax on one success, after you achieved one thing move to the next.

The fact that you were able to achieve that victory means there is still a lot in you. There is so much you are capable of, never limit yourself.

4. Dream big

Richard wrote in his biography “My interest in life comes from setting for myself huge, apparently unachievable challenges and trying to rise above them…” One of the greatest disfavors you can do to yourself is to dream small. It is not just an insult on yourself, but also on your creator, who created you for GREAT wonders.

Here is the litmus test; if your dream is not so huge that it scares you or amazes people around you, then you need to go back and think about your life again.

5. And when you become a parent… Try to support your child in the development of his God’s given talent

There is a reason why it is there, it is not for fun or a mistake, it is the primary source of that child’s livelihood. Imagine what would have happened if Richard Branson’s parent were not as supportive as they were, he might just have ended up in prison as one of his headmasters had predicted.

Favorite Richard Branson Quotes

A business is simply an idea to make other people’s lives better.

 

Whatever your goal is you will never succeed unless you let go of your fears and fly.

 

The brands that will thrive in the coming years are the ones that have a purpose beyond profit.

 

Don’t be embarrassed by your failures. Learn from them and start all over again.

 

Entrepreneurship is about turning what excites you in life into capital so that you can do more of it and move forward with it.

 

As soon as something stops being fun, I think it’s time to move on. Life is too short to be unhappy. Waking up stressed and miserable is not a good way to live.

 

My definition of success? The more you’re actively and practically engaged, the more successful you will feel.

View our larger collection of the best Richard Branson quotes.

Further Reading

Related Lists of Celebrities’ Net Worth

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How To Become Rich Like Richard Branson?

Richard Branson did not become rich by luck. To become as rich as Richard Branson, you have to work smart.

Successful people become rich because they take advantage of the opportunities that come their way. They are in the right place at the right time and take the right action.

Thanks to the Internet, the world has changed massively in recent years. Nowadays it has become much easier to make money online.

Instead of looking for a 9-5 job and staying in your comfort zone, it’s better if you become your own boss as soon as possible.

You can learn how to build a digital asset that generates cash flow for you while you sleep to grow your wealth quickly.

If you seize this golden opportunity in time, you can become as successful as Richard Branson one day.

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