Richard Branson’s first business venture was a magazine called Student at the age of 16. In 1970, he set up a mail-order record business. In 1972, he opened a chain of record stores, Virgin Records, later known as Virgin Megastores. Branson’s Virgin brand grew rapidly during the 1980s, as he set up Virgin Atlantic and expanded the Virgin Records music label.
According to the Forbes 2012 list of billionaires, Branson is the 6th richest citizen of the United Kingdom, with an estimated net worth of US$4.6 billion.
(Reuters) – Virgin America, the California-based airline, which was launched by Branson in 2007, would use capital from the potential listing to expand its fleet from 53 aircraft to near 100 over the next decade, according to the people quoted in report. (http://r.reuters.com/nej76v)