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

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.

At what age did Richard Branson become a billionaire?

Sir Richard Branson: 23 Britain’s high-profile billionaire earned his first million in 1973 at age 23. Nearly two decades later, the Virgin Group founder reached self-made-billionaire status at age 41.

Why is Branson A Millionaire?

Sir Richard Charles Nicholas Branson (born 18 July 1950) is a British billionaire, entrepreneur, and business magnate. In the 1970s he founded the Virgin Group, which today controls more than 400 companies in various fields.

Is Richard Branson still a billionaire?

Facts About Richard Branson Richard Branson is perhaps one of the world’s most well-known billionaires. Branson is the entrepreneur behind the Virgin Group, which includes more than 40 Virgin companies in 35-plus countries. He traveled to space on July 11, 2021, aboard Virgin Galactic’s rocket-powered plane.