Wednesday, 3 October 2007

Virgin


Richard Branson born in 1950, was the man who started the huge Virgin empire which today includes over 350 companies
.Branson as a child suffered from dyslexia and hence struggled at school and had poor academic achievements.At the age of 15 he had already began his business ventures, selling Christmas trees which eventually failed. By the age of seventeen he had started his own student magazine. At the age of seventeen Branson started his own charity. The student advisory centre.

Following this began the start of Virgin records. In 1969 Branson travelled across the English channel finding records to sell from discount stores to retail stores from the back of his boot and through his mail service, under the name “Virgin” at a considerably cheaper price then High street stores .Following this Branson had saved enough to start his own record shop on oxford street and shortly after launched Virgin records. He then saved enough to own a country estate and launch a recording studio leasing studio time to artists. In 1971 Branson was arrested for illegally selling export stock under his virgin stores.However Branson's mother re-mortgaged the family home to help pay the settlement.

Since then Branson's Virgin empire most notably includes an Airline, Railway service, mobile network, record label,virgin mega stores, virgin cola, virgin comics amongst many other things. Branson's virgin empire even includes his own privatised 74 acre land on the Virgin islands. Today Branson’s fortunes are thought to be worth at over £4 billion pounds.

No comments: