How did Branson start his business?

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.

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.

Where did Richard Branson get the money to start his first business?

He sold nearly $8,000 worth of advertising in his first issue of Student, and his mail-order record business quickly grew to 14 record stores. This money was used to found the music label, which made Branson a millionaire on the back of Mike Oldfield’s “Tubular Bells,” which sold over five million copies.

How much money does Branson make a year?

Branson’s Net Worth: $4.7 billion. Annual Earnings **: $211.5 million.