• Richard Branson Doesn't Need Virgin Atlantic, Virgin Australia Or An Airline Empire

    One year ago - By Forbes

    Despite all their glam and publicity, Branson's airlines have been poor investments. Branson is unwilling to fund Virgin Atlantic or provide a loan he may not see repaid.
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  • Richard Branson is offering up his private island in the British Virgin Islands as collateral to save Virgin Atlantic. Here's how he spends his $4.4 billion fortune

    Richard Branson is offering up his private island in the British Virgin Islands as collateral to save Virgin Atlantic. Here's how he spends his $4.4 billion fortune

    One year ago - By Business Insider

    Danish Siddiqui/Reuters
    Sir Richard Branson is offering to put up his private island, Necker Island, as collateral to save his Virgin Atlantic airline from collapsing.
    Branson founded the Virgin Group, which operates within many of the industries hardest-hit by the coronavirus, including aviation, leisure, hotels, and cruises.
    Branson has an estimated net worth of $4.4 billion .
    Branson is rather frugal. When he spends his money indulgently, it's only to make money in return - like renting out real estate he owns, such as Necker Island.
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