Sir Richard Branson is the flamboyant British billionaire that has built
his company (Virgin
) into one of the world's biggest brands. He's brash and isn't afraid to take
risks!
There are few businessmen who have been as flamboyant -- or as
successful. He is the founder of the Virgin Music label, Virgin Atlantic Airways, and
Virgin Cola. He has unorthodox methods when it comes to doing business, but they work. And
chances are that no one has had as much fun on the road to becoming a billionaire than
Branson did.
Richard
Branson's insatiable desire to push the boundaries of common business practices
has made him take on industry giants like British Airways and Coca-Cola. For a
businessman, when is a career considered accomplished? Making $100 million, $1 billion, or
changing the world? Sir Richard Branson has done all those things. He has written a book:
Losing My Virginity, he is ranked among the 10 best businessmen of England, has a net
worth of $1.7 billion, and is close friends with The Rolling Stones all while running a
huge company. He is as cool as they come.
It was here that he began to set up
Student Magazine when he was just 16. By 17 he'd also set up Student Advisory Centre,
which was a charity to help young people.
In 1970 he founded Virgin as a mail
order record retailer, and not long after he opened a record shop in Oxford Street,
London. During 1972 a recording studio was built in Oxfordshire, and the first Virgin
artist, Mike Oldfield, recorded "Tubular Bells" which was released in 1973.
This album went on to sell over 5 million copies! Since then many household names,
including Belinda Carlisle, Genesis, Phil Collins, Janet Jackson and The Rolling Stones
have helped to make Virgin Music one of the top six record companies in the world. The
equity of Virgin Music Group - record labels, music publishing, and recording studios was
sold to THORN EMI in 1992 in a US$1billion deal.
The Virgin Group has now
expanded into international music Megastores, air travel, mobile, financial, retail,
music, internet, drinks, rail, hotels and leisure, with around 200 companies in over 30
countries.
Virgin Atlantic Airways, formed in 1984, is now the second largest
British long haul international airline and operates a fleet of Boeing 747 and Airbus A340
aircraft to New York, Miami, Boston, Los Angeles, Orlando, San Francisco, Hong Kong,
Johannesburg, Tokyo, Las Vegas, Delhi, Lagos, Port Harcourt, Shanghai and the Caribbean.
The airline is based on the concept of offering a competitive and high quality Upper
Class, Premium Economy and Economy service. The airline has won many major awards,
including Airline of the Year Award several times.
In 2002, the combined sales
of the different Virgin holding companies exceeded £4billion. In addition to his own
business activities, Richard is a trustee of several charities including the Virgin
Healthcare Foundation, a leading healthcare charity which was responsible for the launch
of a health education campaign relating to AIDS in 1987.
The Foundation has
also become involved in a lobbying campaign called Parents Against Tobacco, which aims to
restrict tobacco advertising and sponsorship in sport.
His help in the initial
funding of charity projects helped that organisation to raise over £100 million,
through campaigns such as Comic Relief and many other charities.
Richard
Branson has been involved in a number of world record-breaking attempts since 1985. In
1986 his boat, "Virgin Atlantic Challenger II" rekindled the spirit of the Blue
Riband by crossing the Atlantic Ocean in the fastest ever recorded time. This was followed
a year later by the epic hot air balloon crossing of the same ocean in "Virgin
Atlantic Flyer". This was not only the first hot-air balloon to cross the Atlantic,
but was the largest ever flown at 2.3 million cubic feet capacity, reaching speeds in
excess of 130 miles per hour (209 km/h).
Still after the ultimate adventure, in
January 1991 Richard crossed the Pacific Ocean from Japan to Arctic Canada, the furthest
distance of 6,700 miles. Again, he broke all existing records, with speeds of up to 245
miles -per hour in a balloon of 2.6 million cubic feet.