Sir RICHARD BRANSON was born in 1950 and educated at Stowe School. It was here that he began to set up Student Magazine when he was
just 16. By 17 he'd also set up Student Advisory Centre, which was a charity to help young people.
In 1970 he founded Virgin as a mail order record retailer, and not long after he opened a record shop in Oxford Street, London. During 1972 a recording studio was built in Oxfordshire, and the first Virgin artist, Mike Oldfield, recorded "Tubular Bells" which was released in 1973.
This album went on to sell over 5 million copies! Since then many household names, including Belinda Carlisle, Genesis, Phil Collins, Janet Jackson and The Rolling Stones have helped to make Virgin Music one of the top six record companies in the world. The equity of Virgin Music Group - record labels, music publishing, and recording studios was sold to THORN EMI in 1992 in a US$1billion deal.
Photo Par Chatham House — https://www.flickr.com/photos/chathamhouse/16528067458/, CC BY 2.0, https://commons.wikimedia.org/w/index.php?curid=38743680
The Virgin Group has now expanded into international music Megastores, air travel, mobile, financial, retail, music, internet, drinks, rail, hotels and leisure, with around 200 companies in over 30 countries.
Virgin Atlantic Airways, formed in 1984, is now the second largest British long haul international airline and operates a fleet of Boeing 747 and Airbus A340 aircraft to New York, Miami, Boston, Los Angeles, Orlando, San Francisco, Hong Kong, Johannesburg, Tokyo, Las Vegas, Delhi, Lagos, Port Harcourt, Shanghai and the Caribbean. The airline is based on the concept of offering a competitive and high quality Upper Class, Premium Economy and Economy service. The airline has won many major awards, including Airline of the Year Award several times.
In 2002, the combined sales of the different Virgin holding companies exceeded £4billion. In addition to his own business activities, RICHARD BRANSON is a trustee of several charities including the Virgin Healthcare Foundation, a leading healthcare charity which was responsible for the launch of a health education campaign relating to AIDS in 1987.
The Foundation RICHARD BRANSON has also become involved in a lobbying campaign called Parents Against Tobacco, which aims to restrict tobacco advertising and sponsorship in sport.
His help in the initial funding of charity projects helped that organisation to raise over £100 million, through campaigns such as Comic Relief and many other charities.
RICHARD BRANSON has been involved in a number of world record-breaking attempts since 1985. In 1986 his boat, "Virgin Atlantic Challenger II" rekindled the spirit of the Blue Riband by crossing the Atlantic Ocean in the fastest ever recorded time. This was followed a year later by the epic hot air balloon crossing of the same ocean in "Virgin Atlantic Flyer". This was not only the first hot-air balloon to cross the Atlantic, but was the largest ever flown at 2.3 million cubic feet capacity, reaching speeds in excess of 130 miles per hour (209 km/h).
Still after the ultimate adventure, in January 1991 RICHARD BRANSON crossed the Pacific Ocean from Japan to Arctic Canada, the furthest distance of 6,700 miles. Again, he broke all existing records, with speeds of up to 245 miles -per hour in a balloon of 2.6 million cubic feet.
In July 2012, Branson announced plans to build an orbital space launch system, designated LauncherOne. Four commercial customers have already contracted for launches and two companies are
developing standardised satellite buses optimised to the design of LauncherOne, in expectation of business opportunities created by the new smallsat launcher.
In August 2012, the franchise for the West Coast Main Line, managed by Virgin Rail since 1997, came to an end. The contract was awarded to FirstGroup after a competitive tender process overseen by the Department for Transport. Branson had expressed his concerns about the tender process and questioned the validity of the business plan submitted by FirstGroup. When Virgin Rail lost the contract, Branson said he was convinced the civil servants had "got their maths wrong". In October, after an investigation into the bidding process, the deal was scrapped. The Transport Secretary announced there were "significant technical flaws" in the process and mistakes had been made by transport staff. Virgin Rail continues to operate the West Coast line.
In September 2014, Branson announced his investment in drone company 3D Robotics stating, "It's amazing to see what a little flying object with a GoPro attached can do. Before they came along the alternative was an expensive helicopter and crew. I'm really excited about the potential 3D Robotics sees in drones. They can do a lot of good in the world, and I hope this affordable technology will give many more people the chance to see our beautiful planet from such a powerful perspective.