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Richard Branson

Richard Branson is a British entrepreneur and founder of Virgin GroupVirgin GroupVirgin Group is an investment and brand group originating in the record business established by Richard Branson and Nik Powell in 1970. Its network spans aviation, travel, hospitality, health, telecommunications, finance and spaceflight. Virgin-branded businesses have distinct ownership and operating arrangements.Open the full entry. Beginning with a youth magazine and mail-order records, he expanded into aviation, leisure, telecommunications, finance and commercial spaceflight. He also founded Virgin UniteVirgin UniteVirgin Unite is Virgin Group’s charitable foundation, established by Richard Branson in 2004. It supports partnerships addressing social and environmental issues and helped develop initiatives including The Elders and The B Team, which have their own governance.Open the full entry and is known for ballooning expeditions and his 2021 suborbital flight.

Contents16 sections
Key facts

From 1950: Family and education

Student magazine

After leaving school at 16, Richard Branson pursued Student, launched in 1968. The magazine offered a platform for young people beyond conventional school publications, covering music, youth culture, education and the wars in Vietnam and Biafra.⁠[2]

From mail order to Virgin Records

Island hospitality and aviation

Necker Island, purchased in 1978, later became his home and part of Virgin’s hospitality portfolio. Virgin AtlanticVirgin AtlanticVirgin Atlantic is a British airline founded by Richard Branson in 1984, providing long-haul passenger and cargo services. It operates a transatlantic joint venture with Delta Air Lines and Air France-KLM, joined SkyTeam in 2023 and appointed Josh Bayliss chair in 2026.Open the full entry began operating in 1984, taking the brand from music into long-haul aviation and, subsequently, holiday travel and other consumer services.⁠[4]

From 1987: Expeditions and public profile

In 1987 he and Per Lindstrand completed the first Atlantic crossing by hot-air balloon. Later activities included an amphibious-vehicle crossing of the English Channel, a kitesurfing crossing and a 2018 submarine expedition into Belize’s Great Blue Hole.⁠[1]

Music sale and airline litigation

The Virgin record business was sold to Thorn EMI for approximately $1 billion in 1992. The network subsequently developed through sales, joint ventures, investments and brand licensing.⁠[4][5]

British Airways apology and settlement

In January 1993, British Airways settled the libel dispute concerning its conduct toward Virgin Atlantic, agreeing to £610,000 in damages, costs and an apology. Chair Lord King subsequently reiterated the apology, and the airline announced board oversight of a code of conduct.⁠[6]

Diversification and philanthropy

Virgin expanded into mobile communications, fitness and spaceflight through brands including Virgin MobileVirgin MobileVirgin Mobile is a mobile-services brand used in multiple markets. Its UK operation launched as a mobile virtual network operator in 1999. Local businesses have different operators, network partners and histories; the original UK customer base moved to O2 plans in 2023.Open the full entry, Virgin ActiveVirgin ActiveVirgin Active is an international health-club brand whose first club opened in Preston, UK, in 1999. It operates across Southern Africa, the UK, Italy and Asia-Pacific. Major shareholder Brait reported a 61.3% stake following a 2026 capital restructuring.Open the full entry and Virgin GalacticVirgin GalacticVirgin Galactic is a commercial spaceflight company founded by Richard Branson in 2004. It develops air-launched suborbital spacecraft for private passengers, research and other missions. VSS Unity began commercial flights in 2023, followed by a transition to Delta-class spacecraft development.Open the full entry. Richard Branson founded Virgin Unite in 2004 and co-founded The B TeamThe B TeamThe B Team is a business-leadership initiative launched by Richard Branson and Jochen Zeitz in 2013 to promote environmental and social responsibility and long-term prosperity. Its work includes climate action, corporate transparency, responsible taxation and a just transition.Open the full entry with Jochen Zeitz in 2013 to promote corporate action on social and environmental issues.⁠[4]

The idea behind The Elders

Richard Branson and musician Peter Gabriel brought Nelson Mandela the idea of a group of experienced global leaders. Mandela convened and founded The EldersThe EldersThe Elders is an independent group of global leaders launched by Nelson Mandela in 2007 to work for peace, justice, human rights and a sustainable future. Richard Branson and Peter Gabriel proposed the original concept; it is not a Virgin Group commercial subsidiary.Open the full entry in 2007. Branson helped develop and support the initiative; he was not a member in the capacity of a former head of government.⁠[7]

Pandemic crisis and airline financing

The pandemic severely disrupted aviation. Virgin Atlantic completed a £1.2 billion privately financed solvent recapitalisation in September 2020, including £200 million from Richard Branson. Virgin Group and Delta Air Lines supplied a further £400 million in late 2021, alongside substantial cost and workforce reductions.⁠[8]

Unity 22 spaceflight

Richard Branson flew aboard Virgin Galactic’s VSS Unity on the Unity 22 suborbital test flight, departing from and returning to Spaceport America in New Mexico. The mission provided brief weightlessness; it was not an orbital journey around Earth.⁠[9]

Autobiography and family

Scrutiny of contacts with Jeffrey Epstein

Emails released in 2026 documented Richard Branson’s 2013 contacts with Jeffrey Epstein, including public-relations advice. Virgin Group said meetings were limited to group or business settings, and that due diligence led Virgin Unite to reject a proposed donation and the Bransons to end contact. Appearance in the files alone does not establish criminal involvement.⁠[10]

Wealth estimate and group role

Related Organizations, Websites, and Public Accounts

Sources

  1. Richard Branson Fast Facts (opens in a new window)
  2. Student magazine (opens in a new window)
  3. Virgin Group (opens in a new window)
  4. The Virgin history | From 1970 to today (opens in a new window)
  5. Virgin Group FAQs (opens in a new window)
  6. King apologises to Virgin (opens in a new window)
  7. Who we are (opens in a new window)
  8. Virgin Atlantic announces £400m investment (opens in a new window)
  9. Richard Branson (opens in a new window)
  10. Sir Richard Branson told Epstein 'bring your harem' and advised him on PR, new emails show (opens in a new window)
  11. Richard Branson (opens in a new window)
  12. Holly Branson (opens in a new window)
  13. NFTS Announces The Sad Passing of Former Director Nik Powell (opens in a new window)
  14. History (opens in a new window)
  15. Virgin Active (opens in a new window)
  16. Virgin Atlantic (opens in a new window)
  17. Virgin Galactic (opens in a new window)
  18. Eve Branson (opens in a new window)
  19. Sam Branson (opens in a new window)
  20. Virgin Records (opens in a new window)
  21. Virgin Mobile UAE (opens in a new window)
  22. Virgin Unite (opens in a new window)