How did Richard Branson first make money?
How did Richard Branson first make money?
Reflects change since 5 pm ET of prior trading day. Richard Branson owes his fortune to a conglomerate of businesses bearing the “Virgin” brand name, including Virgin Atlantic and Virgin Galactic. The son of a barrister and flight attendant, Branson got his start with a mail-order record business some 50 years ago.
How did Branson start his business?
Richard Branson started his business ventures as a teenager with the magazine Student. When the magazine began losing money, he formed Virgin Mail Order Records. In 1971 Branson launched the first British discount record store.
Where did Richard Branson get the money to start his first business?
11-year old Richard used to sell budgies at school with his best friend, Nick Powell. In the 1960s, he started working as an entrepreneur at a young age of 16. With only £100, he started his magazine called ‘Student. ‘ He interviewed celebrities for his magazines and sold copies worth around $8000 with the first issue.
What made Richard Branson so successful?
Branson has never been afraid to say “yes” to new concepts, ideas and pursuits. This is why The Virgin Group is now an empire made of over 200 diverse companies. He hasn’t simply stuck to one area; he has branched out. He’s always ready to learn and try something new.
