Sir Richard literally makes it his business to get out and about to visit his employees, as well as his customers. ... This is a successful philosophy to have, because both his staff and customers are left feeling appreciated he himself is humanized. Happy people equals loyalty, hard work and ultimately profit.
The Bottom Line. Branson attributes his success to luck, speed, and hard work that included nights and weekends. ... Branson never allowed inexperience to discourage him from being a dynamic and daring entrepreneur. In fact, he named his company Virgin because he and his employees were all new to the business.
Richard Branson is one of the most well-known and successful entrepreneurs of our time. He has built and launched billion dollar companies in eight industries and his net worth stands at $5 Billion according to Forbes Magazine. Richard's career in business started at a young age.
00:34 Richard Branson: It sort of should go without saying -- and it's surprising that it still doesn't go without saying at some companies -- if the person who works at your company is 100% proud of the job they're doing, if you give them the tools to do a good job, they're proud of the brand, if they were looked ...
Branson founded Virgin Atlantic in 1984 and has a 51% stake alongside US airline Delta with 49%.
A hands-on approach
Sir Richard Branson believes great business leaders should have good leadership skills, be highly visible, engaging with employees and making things happen wherever possible. "Walk the floor, get to know your people," Branson urged.
By 1973, Branson earned his first million dollars after his label signed Mike Oldfield and sold more than five million copies of his record, "Tubular Bells," according to the business information website. ... In 1981, Branson formed Virgin Books, British book publisher and Virgin Video.
On 4 July 2006, Branson sold his Virgin Mobile company to UK cable TV, broadband, and telephone company NTL/NTL:Telewest for almost £1 billion. Branson used to own three-quarters of Virgin Mobile, whereas now he owns 15 percent of the new Virgin Media company.
Forbes estimates that Branson is now worth $4.8 billion. Virgin Galactic has only been publicly traded since October 2019, when Branson first listed its shares on the New York Stock Exchange, at a price of around $12 each.
Virgin Group. Virgin Group is the umbrella company under which many of Richard Branson's Virgin-branded ventures sit. The company has an interest in more than 60 businesses (including 49 that use the Virgin name), including commercial aviation, commercial spaceflight, radio, communications, a gym chain, and more.
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