Richard Branson
- Profession: Entrepreneur
- Place/Date of Birth: Shamley Green, Surrey, 18 July 2020
Richard Branson to float Virgin Blue in 2003 - 28/11/02
Mogul Richard Branson plans to float Australian airline Virgin Blue, which he half owns, in the first half of next year. Australia’s Sunday Times newspaper reported the float would have a likely value of up to 520 million sterling or US$828 million.
Branson also revealed that Virgin Atlantic would fly to Australia via Hong Kong in 2003. "We will finally be able to connect up Virgin Blue with Virgin Atlantic," he said.
London to Australia via Hong Kong would be the longest haul flight Virgin Atlantic operates.
Branson Threatens To Sue Railtrack 5 March 2020
Sir Richard Branson’s Virgin Rail group has threatened to take Railtrack to court to recoup the £100m of lost revenue due to the four months of chaos caused by the Hatfield rail crash.
Blow To Branson’s Rail Franchise Bid 15 February 2021
Kensington’s most famous businessman Sir Richard Branson’s plan to take over the important East Coast Main Line has been put on hold.
Branson Bows out of fight for Lottery 11 January 2021
Sir Richard Branson yesterday abandoned his long campaign to win control of the national lottery, but not before a last bitter swipe at the commission which frustrated his ambition. The founder of the Virgin empire said he had decided not to proceed with a judicial review to re-open the contest for the next licence. He said he feared that further delays and controversy could lead to good causes losing millions of pounds. The decision, Sir Richard said, flew in the face of legal advice suggesting he had a strong case for overturning the national lottery commission’s decision last month to award the next licence to Camelot.
Branson looks at an alternative lottery 8 January 2021
Sir Richard Branson is considering the launch of a non-profit making game to rival the National Lottery. The plan is a fall-back position for Sir Richard, whose People’s Lottery lost out in the contest against Camelot for the next licence to run the national lottery at the end of last year.
Judge backs Branson over lottery July 2000
SIR RICHARD BRANSON was last night given the all-clear to begin exclusive negotiations to take over the National Lottery despite objections from Camelot, the present operator.
War of words over Virgin’s naked rivalry November 12 1999
Richard Branson’s Virgin Group yesterday marched into Britain’s fast-growing mobile phone market and into an immediate slanging match with the largest independent mobile retailer, Carphone Warehouse.
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At sixteen, while most of his classmaes were planning their university careers, Richard left education and headed for London where he set up the successful Student magazine. Just a couple of years later he began to sell discounted records through mail order, drastically undercutting high street retailers. Eventually he set up a a store on London’s Oxford Street named after his company - Virgin. The success of this new store was soon followed by a record label to which Mike Oldfield was signed, releasing Tubular Bells (which was recorded at Branson’s country estate) in 1973 to chart success. Virgin was not a consistent success and Richard soon found himself in trouble with the taxman over the sale of export stock - his mother remortgaged her home to pay the bill which kept her son out of jail.
Despite this hiccup, the entreperneur found great success throughout the 80s, signing acts such as The Sex Pistols, Culture Club and Can to his label and purchasing gay nightclub Heaven. Meanwhile in 1984 Virgin Atlantic Airlines was formed, cementing Branson’s status as one of Britain’s biggest businessmen. Since the 80s several other Virgin companies have been launched, selling everything from cola to cosmetics, via mobile phonelines and trainlines. Meanwhile Richard’s adventurous streak has kept the public interested in the man himself. In 1986 his boat, Virgin Atlantic Challenger II broke the record for the fastest crossing of the Atlantic, followed closely by an attempt at the same journey by hot air balloon - another record made. He has also attempted to become the first person to circumnavigate the globe by balloon, but was beaten to it in 1999.
The Virgin brand has made further leaps in business and travel since 2000, not only has a short haul airline been purchased but Virgin Galactic plans to corner the space tourism market. Meanwhile Branson has purchased NTL, started working towards Virgin Fuel, and launched stem cell company Virgin Health Bank. And it’s not all for profit - The Sunday Times Rich List’s number 9 has also pledged to invest the profits of his train and plane companies in research on environmental fuels.
Married to Joan Templeman since 1989, Branson has two children, Sam and Holly. He lives in Oxford and London.
September 2007