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Richard Branson Net Worth & Controversies

Richard Branson Net Worth

Jeff Bezos is not the only billionaire to walk the milky way. Richard Branson, another man with a hefty net worth, will join him. Richard is one of the youngest entrepreneurs. He launched his first business venture, a magazine named Student when he was only 16 years old. He suffers from a learning disorder, “dyslexia.” So he found it difficult to cope with his academic studies. One of his teachers said that either he will become a billionaire or a prisoner. But he turned out to be both rich and a prisoner. Richard is hefty rich, but he was also dragged to jail for tax evasion.

Even he was also accused of sexually harassing a singer. In contrast, he was married and had two young sons. We can say all the dollars blinded, and now he is in a cut-throat competition with Jeff Bezos. Hilariously it’s not a friendly competition. It’s like two kids are fighting for a chair they want to sit on. Jeff Bezos is planning to travel the space, so now Richard Branson also wants to travel the space. Richard is an efficient businessman, and he opened many ventures before Virgin became a success. After failed trials to grow and sell both budgerigars and Christmas trees, Richard started a magazine named Student in 1966.

Richard Branson Net Worth

Richard Branson Is Ready To The Otter Space Tourism Ready. (Credits: CNBC)

In 1968 The first edition of Student appeared, and the very same year, his net worth was calculated at £50,000. Though not initially as prosperous as he hoped, the magazine later became a vital element of the mail-order record business Richard started from the same service he used for students. He used the magazine to promote popular albums, driving his album sales.

Richard Branson Had A Well Planned Business Strategy In The 90s When No One Knew The Meaning Of Market planning.

 Richard interrogated several prominent personalities of the late 1960s for the publication, including R.D. Laing and Mick Jagger. Richard gave this magazine everything to make it a success, and his hard work paid off. At that point in time when people didn’t even understand the meaning of Marketing strategy. Richard was operating on one. 

After failed trials to grow and sell both budgerigars and Christmas trees, Richard started a magazine named Student in 1966. In 1968 The first edition of Student appeared, and the very same year, his net worth was calculated at £50,000. Though not initially as prosperous as he hoped, the magazine later became a vital element of the mail-order record business Richard started from the same service he used for students. Richard used the magazine to promote popular albums, driving his album sales.

He interrogated several prominent personalities of the late 1960s for the publication, including R.D. Laing and Mick Jagger. Richard gave this magazine everything to make it a success, and his hard work paid off. At that point in time when people didn’t even understand the meaning of Marketing strategy. Richard was operating on one.

Richard And Controversies

In 1971, Richard was condemned and briefly jailed for tax evasion, falsely receiving export accounts for records to be sold on the individual market to avoid giving Purchase Tax. Customs executives caught onto the scheme and performed a sting operation, marking records bought for the global market with invisible ink and purchasing them on the domestic market. Richard was informed of the sting by an anonymous tip-off and tried to dispose of the evidence, but this was unsuccessful. And now, the same business strategy for which he was looked upon took him to jail.
There is only one way to run a business, and that is the right one.

Richard Branson Net Worth

Richard Branson net worth is approximately 6 Billion dollars. He owns a complete Island to himself, and he lives on that very same island. The island is worth 180,000 million dollars. He is still the owner of the Virgin group of companies. He has also appeared on television shows as the guest star. Richard appeared at Friends, The Day Today, and many more.

He also released his autobiography named “Lossing My Virginity.” The book was an international bestseller and talked about many businesses strategies. The royalty of the book was worth 18 million dollars. However, his businesses are running on 60% loss globally after the COVID19 pandemic has hit the world. But he is optimistic that the market will grow up back. Anyways why will a billionaire be afraid of a 60% loss? When he has an asset that is worth a billion. He can liquidity them anyway.

Also Read: Who Is Mark Bezos? Jeff’s Partner for Space Trip

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I am Tanvi. I hail from the city of lakes. I find the latest update on your favorite celebrity. Want to know a whisper about your favorite celebrity... I can be your gossip buddy. Contact me Tanvi@Otakukart.com

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