Richard Branson is the eccentric and outspoken chairman of Virgin Atlantic Airways and the founder of Virgin Records, which he went on to sell for an unprecedented $1 billion. Famous for his daring entrepreneurial style, he oversees the Virgin Group, Ltd., an extensive conglomerate encompassing over 400 companies, including recording studios, a travel business, publishing entities, and retail industries worldwide. His unconventional style of living is only a part of his undeniable knack for beating impossible odds in business and in life.
Virgin started when Branson was the tender age of 20. In 1972, soon after he opened a Virgin record store on Oxford Street in London, the young entrepreneur opened a recording studio in Oxfordshire and Virgin Records was born. Mike Oldfield was the first artist to sign and his album, Tubular Bells, sold more than five million copies. During his ownership of Virgin Records, Branson turned it into a major success, signing such big names as Steve Winwood, Paula Abdul, Genesis, Phil Collins, Peter Gabriel, Janet Jackson, and The Rolling Stones. In 1992, he sold the Virgin Music Group record labels, music publishing, and recording studios to Thorn EMI in a $1 billion deal.
Branson eventually moved into other industries. He started Virgin Atlantic Airways, which has become the second largest English long haul international airline, and operates a fleet of aircraft to New York, Miami, Los Angeles, Orlando, Boston, San Francisco, Washington, Dallas, and Tokyo. He also created Virgin Mobile, USA, the fastest growing company in history to reach $1 billion in revenue.
Since 1985, he has been involved in a number of record-breaking land and air speed and distance attempts. In 1986, with his boat, Virgin Atlantic Challenger II, he crossed the Atlantic Ocean in the fastest recorded time ever. One year later, Virgin Atlantic Flyer-a hot air balloon-was the first to cross the Atlantic Ocean and was the largest ever flown at 2.3 million cubic feet capacity, reaching speeds in excess of 130 miles per hour. Again, in 1991, Branson crossed the Pacific Ocean from Japan to Arctic Canada, breaking all existing records with speeds of up to 245 mph in a balloon measuring 2.6 million cubic feet.
In addition to his business activities, Branson backs a number of charities, including The Healthcare Foundation. With the help of Nelson Mandela, Branson and his friend Peter Gabriel brought together a group of eminent global leaders who “offer their collective influence and experience to support peace building, help address major causes of human suffering and promote the shared interests of humanity.” The Elders, founded in 2007, includes such leaders as Martti Ahtisaari, Gro Harlem Brundtland, Jimmy Carter, Mary Robinson, and Archbishop Desmond Tutu. Additionally, in 2009 he brought together a group of the world’s top entrepreneurs to initiate the Carbon War Room, which increases the effectiveness of climate change efforts already underway and focuses on filling any gaps.
He became Sir Richard Branson after Queen Elizabeth knighted him in 1999 for his business ability and enthusiasm for the spirit of Britain. In 2000, Branson received the Tony Jannus Award for his accomplishments in commercial air transportation. In December 2007, Branson was presented with the United Nations Correspondents Association Citizen of the World Award for his support for environmental and humanitarian causes. In November 2010 Branson was awarded with the German Media Prize, previously awarded to President Bill Clinton and the Dalai Lama.
He currently resides on the Virgin Islands.