Richard Branson Net Worth 2022 (Forbes) – How Did He Make His Money?

With income from the Virgin Group and investments, Richard Branson has amassed a net worth of $4.4 Billion as of 2022.

Richard Branson, a high school dropout, is now one of the richest businessmen in the world. His entrepreneurial achievements as founder and chairman of a major group of companies, the Virgin Group, are unsurpassed. The Virgin Group, which began with a small music recording store called Virgin Records, now owns over 400 companies. 

Over time, it added Virgin Megastores, Virgin Atlantic Airways and a host of other businesses. The billionaire is now the fourth richest man in the United Kingdom and, with a net worth of $4.2 billion, is one of the ten most powerful people in the world. 

In addition to his headline-grabbing career, he has starred in a number of television series and has also played himself in a number of films. He starred in the films “Around the World in 80 Days” and “Casino Royale” and was the star of the reality show “The Rebel Billionaire: Branson’s Quest for the Best.” 

Branson’s autobiography, “How I Lost My Virginity,” became a worldwide bestseller and earned him critical acclaim as a Star Trek aficionado. He has received several awards and is currently a patron of several international organizations, including Prisoners Abroad and International Rescue Corps.

Today we’re going to discuss how much money Richard Branson has and how he builds his net worth.

At the end of this article, we will also tell you how to get rich like Richard Branson. So be sure to read to the end.

Richard Branson Net Worth 2022: Is He A Billionaire?

Richard Branson has a net worth of $4.4 billion ( as of 2022). Branson’s wealth comes primarily from his control of Virgin Group, an investment company based in the British Virgin Islands.

According to a Virgin spokeswoman in December 2020, about 40 Virgin companies generate about $22 billion in annual revenue through partnerships, investments, and some companies directly controlled by the billionaire. Virgin Group’s actual holding company is solely owned by Branson. Virgin Enterprises is where Branson licenses his brand.

According to company documents, news reports, and Bloomberg data, he has earned more than $3 billion from dividends and asset sales. According to an open letter Branson wrote to Virgin Group employees in April 2020, he has reinvested most of his earnings in the company, which does not publish consolidated results.

He owns about 11.9% of aerospace company Virgin Galactic, 13% of British bank Virgin Money and 9.3% of biotechnology company 23andMe. Branson owns 75% of satellite company Virgin Orbit and 10% of Virgin Australia, which went bankrupt in April 2020.

Virgin Atlantic, based in West Sussex, England, is among his holdings. His other assets include his home and hotel on Necker Island in the British Virgin Islands, a chalet in Verbier, Switzerland, and an African wildlife reserve.

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

Richard Branson Net Worth Last 5 Years

Net Worth 2022: $4.4 Billion
Net Worth 2021: $5 Billion
Net Worth 2020: $4.2 Billion
Net Worth 2019: $3.9 Billion
Net Worth 2018: $3.5 Billion

How Did Richard Branson Start His Business Career?

Branson dropped out of university at age 16 to start a youth magazine called Student. The student-run publication sold $8,000 worth of ads in its first issue, which appeared in 1966. The first run of 50,000 copies was distributed free of charge, after which Branson covered costs through advertising.

Until 1969, Branson lived in a London commune, surrounded by the British music and drug scene. During this time, Branson had the idea of starting a mail-order record company called Virgin to fund his magazine efforts.

The business did modestly, but well enough for Branson to expand his business with a record shop on Oxford Street in London. With the success of the new shop, the high school dropout was able to build a recording studio in Oxfordshire, England, in 1972.

How Does Richard Branson Make Money With The Virgin Group?

Richard Branson has a net worth of $4.4 billion (as of 2022). He made most of his money from the Virgin Group. Richard Branson started the Virgin brand with Virgin Records in 1972. The tycoon is the founder and chairman of the Virgin Group, which employs more than 60,000 people in 35 countries through its more than 40 companies.

Below, let’s take a look at how he became a billionaire with The Virgin Group:

1972–1980: Virgin Records

Using money earned from his record store, Branson founded Virgin Records with Nik Powell in 1972. Branson’s employees suggested the name “Virgin” since they were all new to the business.

The first artist on the Virgin Records label, Mike Oldfield, recorded his single “Tubular Bells” in 1973 with the help of Branson’s team. The song was an instant success and stayed on the British charts for 247 weeks.

With the momentum of Oldfield’s success, Branson then signed other up-and-coming music groups, including the Sex Pistols. Artists such as the Culture Club, the Rolling Stones, and Genesis followed, helping Virgin Music become one of the six biggest record companies in the world.

Branson’s net worth had risen to £5 million by 1979, and Virgin Records went international the following year.

1981–1987: Package holiday industries and Virgin Atlantic

During a trip to Puerto Rico, Branson made his first successful entry into the airline industry. When his flight was canceled, he chartered his own plane for the rest of the trip and offered to transport the rest of the stranded passengers for a small fee.

Virgin purchased the gay bar Heaven in 1982. Branson, in a consortium with David Frost, unsuccessfully sought three ITV franchises under the CPV-TV brand in 1991. He was also credited as “Jeff Mutton” on the novelty record “Baa, Baa, Black Sheep”, by The Singing Sheep in association with Doug McLean and Grace McDonald, in the early 1980s. A drum-machine-produced track was set to samples of animal noises recorded at his aunt Claire Hoares’ farm in Norfolk; it reached number 42 in the UK charts in 1982.

In 1984, Branson founded Virgin Atlantic and Virgin Cargo. Virgin Holidays was founded in 1985.

1988–2000: Telecoms ventures and railways

Branson’s success was not always predictable, however, and in 1992 Virgin suddenly struggled to stay afloat financially. The company was sold to Thorn EMI later that year for £500 million.

Branson was crestfallen by the loss and reportedly cried after the deal was signed, but remained determined to stay in the music business. 

In 1993, he founded the Virgin Radio station, and in 1996, he launched a second record company, V2, which signed artists such as Powder Finger and Tom Jones.

He expanded his businesses to include a train company, a luxury gaming company, a cell phone company, and a space tourism company, Virgin Galactic.

At the time of the privatization of British Rail in the late 1990s, Branson entered the railway business, which many considered one of his riskier business ventures. InterCity CrossCountry and InterCity West Coast were awarded to Virgin Rail Group, which began operations in January and March 1997, respectively. The franchises were set to run for 15 years.

Virgin Atlantic and British Airways were embroiled in a series of disputes in the early 1990s, and British Airways saw Virgin as a competitor. British Airways allegedly took Virgin passengers, hacked Virgin’s computers, and leaked negative press stories about Virgin. 

Following the so-called “dirty tricks” campaign, British Airways settled the case, paying Branson £500,000 and his airline £110,000, as well as legal fees of up to £3 million. The BA bonus, as it is called, was distributed among Branson’s staff.

The Virgin Mobile network and Virgin Blue airline were launched in Australia by Branson in 1999 and 2000 respectively.

20012019: Virgin Galactic, Travel and Hotels

In 2012, Richard Branson was ranked the 4th richest citizen in the United Kingdom in Forbes Magazine’s list of billionaires.

In recent years, Branson has focused much of his attention on his space tourism venture. He teamed up with Scaled Composites to form The Spaceship Company, which set out to develop a suborbital spaceplane. In April 2013, the project took an impressive leap forward with the test launch of SpaceShipTwo.

Branson was pleased with the success of his spacecraft’s first test, telling NBC News, “We are absolutely thrilled that it broke the sound barrier on its very first flight and that everything went so smoothly.” By April 2013, more than 500 people had already reserved tickets to fly on the Virgin Galactic spacecraft.

In 2015, Branson announced the launch of Virgin Voyages, a new cruise line. On Oct. 31, 2017, the company celebrated the keel-laying milestone for its first ship.

Virgin’s cruise ships, designed to carry 2,800 guests and a crew of 1,150, are expected to enter service in 2020. 

The mogul has also continued to push his Virgin Hotels company, founded in 2010. In 2018, Virgin announced its presence in Las Vegas by acquiring the Hard Rock Hotel. The company planned to generally maintain the hotel’s status quo before beginning renovations in 2019.

2020–present: COVID-19 difficulties

Since the outbreak of Covid 19, the Virgin Group has faced financial difficulties. The Group, which includes Virgin Atlantic, Virgin Holidays, and Virgin Atlantic Cargo, reported revenue of £868 million, down from £2.9 billion in 2019; a pretax loss of £659 million before tax and exceptional items, and fair value movements, versus a loss of £22 million last year.

With connections to East Asia still closed, Virgin Atlantic Airways isn’t expected to make a profit until 2023. Richard Branson had to provide fresh funding to Virgin Atlantic as recently as December due to the Covid-19 crisis. 

Branson and Virgin attracted criticism when they asked staff to take eight weeks’ unpaid leave during the COVID-19 pandemic in March 2020, which led to a global drop in international air travel of around 60%. Branson used his Necker Island as collateral for a commercial loan to keep Virgin Atlantic afloat during a global pandemic.

Due to the COVID-19 pandemic, the airline announced on 5 May 2020 that it would lay off 3000 employees by the summer of 2022, retire Boeing 747-400s, and not resume operations from Gatwick.

Virgin Group will invest £200m, with additional funding from investors and creditors. The deal includes funding from the US hedge fund Davidson Kempner Capital Management, as well as delaying about £450m in payments to creditors.

How Much Does Richard Branson Make From Television and Film?

Richard Branson has made some money acting in television shows and movies.

As a guest star, Brady appeared in several television shows, including Friends, Baywatch, Birds of a Feather, Only Fools and Horses, The Day Today, a special episode of Goodness Gracious Me, and Tripping Over. Branston appeared several times on Live & Kicking in the 1990s, where Trev and Simon referred to him as “the pickle man” (referring to Branston Pickle).

Branson also appears in the video for “Generals and Majors” by XTC. 

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

How Much Does Richard Branson Make A Year?

Richard Branson’s annual income is over $300 million.

How Much Did Richard Branson Lose On Failed Business Ventures?

Branson has lost a considerable amount of money on a number of failed business ventures, such as Virgin Cola, Virgin Cars, Virgin Publishing, Virgin Clothing, and Virgin Brides.

How Much Does Richard Branson Make From Book Royalties?

Richard Branson is the author of Losing My Virginity, which is an autobiography that features his story from rags to riches. The book became an international success overnight with over two million copies sold to date. It was adapted into a biopic by David Mirkin and Steven Paul. 

As a result, he has made a good amount of money from book royalties. Most publishers pay royalties based on the retail price of the book. This means that if the retail price is $20 and the royalty rate is 5%, you will earn $1 per book sold. Richard Branson could have made a million dollars from the book Losing My Virginity.

His second book Finding My Virginity describes his never-ending quest to push boundaries, break rules, and explore new frontiers despite launching dozens of billion-dollar businesses and hundreds of other companies. 

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.

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.

What Awards Has Richard Branson Received?

On December 7, 2007, he was awarded the Citizen of the World Award by the United Nations Correspondents Association for his contribution to humanitarian causes.

On November 14, 2011, he was awarded the ISTA Award by the International Space Transport Association for his contributions to space transportation systems.

Richard Branson’s Personal Life and Wife

Richard Branson married Kristen Tomassi in 1972 and divorced her in 1979.

He married Joan Templeman in 1989 on Necker Island, one of the islands in the British Virgin Islands that he owns. He also owns land on Barbuda and Antigua. He has a son and a daughter.

He is an avid supporter of Oxford United football club.

He supports many humanitarian causes and travelled to the Maasai Mara in May 2008 to open a new school. He has also volunteered at charity fundraisers and even contributed to the Global Commission on Drug Policy.

FAQs About Richard Branson

How rich is Richard Branson?

As per the record of media, Richard Branson’s net worth is estimated to be around $4.4 Billion in 2022.

Is Rich Branson a billionaire?

Richard Branson is a billionaire. His net worth is estimated to be around $4.4 Billion in 2022.

How tall is Richard Branson?

Richard Branson is 1.79 m tall. 

How old is Richard Branson?

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

Who is the wife of Richard Branson?

Richard Branson married Joan Templeman in 1989.

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.

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.

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How To Become Rich Like Richard Branson? My Recommendation For You

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