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Transcript of Richard Branson
Sir Richard Branson in the UKs fourth wealthiest resident. He has found his wealth through being the founder and chairman of Virgin Group.
His Virgin group intitially started out as just Virgin Records in 1972 when he was a mere 22. This followed on from his first record shop in Oxford Street in '71.
The name Virgin came from the fact when they set up Virgin Records both Branson and his business partner saw themselves as virgins in business; the logo was drawn on a napkin by Trevor Keys.
He was born July 18th 1950. He found his academic career a struggle having dyslexia but on the flip side he had a skill when it came to connecting with others.
One of the many reasons Virign was popular was that it did what others dare not. It signed controversial artists such as the Sex Pistols. These acts received praise for exposing 'Joe public' to more obscure music.
Branson made the move to venture into the aviation industry in 1984. He dubbed the new venture 'Virign Atlantic Airways'.
In 1992 Virgin sold the records company to EMI for £500million so that he could keep the airline company afloat. A tough call for Branson as the record company was the company that helped him create the flourishing Virgin empire he owns today.
His initial business venture in music was standing the test of time and had earned him enough money that he decided to make a break into a new sector.
"My interest in life comes from setting myself huge, apparently unachievable challenges and trying to rise above them...from the perspective of wanting to live life to the full, I felt that I had to attempt it."
This approach of attempting the huge, achievable challenges rang true in his next business exploit. Virgin Trains
So in 1993 Branson set out to create a successful business in rail transport. It paid off and turned out to be a highly successful business.