Richard Branson facts for kids

Kids Encyclopedia Facts
Sir

Richard Branson
Richard Branson March 2015 (cropped).jpg
Branson at Chatham House in March 2015
Born
Richard Charles Nicholas Branson

18 July 1950 (1950-07-18) (age 69)
Blackheath, London, England
Residence Necker Island, British Virgin Islands
Other names Old Beardie
Occupation Businessman
Years active 1966–present
Known for Founding Virgin Group
Net worth US$5.1 billion (April 2018)
Criminal charge Fraud of excise duties and purchase tax
Criminal penalty Probation and repayment restitution
Criminal status Sentence completed
Children 3
Parent(s) Edward James Branson
Eve Branson
Relatives Right Honourable Sir George Arthur Harwin Branson (grandfather)
Signature
Richard Branson signature SVG.svg

Sir Richard Charles Nicholas Branson (born 18 July 1950) is a British business magnate, investor, author and philanthropist. He founded the Virgin Group in the 1970s, which controls more than 400 companies in various fields.

Branson expressed his desire to become an entrepreneur at a young age. His first business venture, at the age of 16, was a magazine called Student. In 1970, he set up a mail-order record business. He opened a chain of record stores, Virgin Records—later known as Virgin Megastores—in 1972. Branson's Virgin brand grew rapidly during the 1980s, as he started Virgin Atlantic airline and expanded the Virgin Records music label. In 2004, he founded spaceflight corporation Virgin Galactic, based at Mojave Air and Space Port, noted for the SpaceShipTwo suborbital spaceplane designed for space tourism.

In March 2000, Branson was knighted at Buckingham Palace for "services to entrepreneurship". For his work in retail, music and transport (with interests in land, air, sea and space travel), his taste for adventure, and for his humanitarian work, he has become a prominent global figure. In 2007, he was placed in the Time 100 Most Influential People in The World list.

In April 2018, Forbes listed Branson's estimated net worth at US$5.1 billion.

Branson has been diagnosed with attention-deficit hyperactivity disorder. He lives on an island he owns in the Caribbean.

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