Richard Branson

Sir Richard Charles Nicholas Branson or known as Sir Richard Branson is well known as the founder of Virgin Group. He was born on July 18th 1950 in Surrey, England and he is the eldest son of Edward James Branson and Eve Huntley Branson, his father worked as a lawyer and his grandfather, Sir George Arthur Harwin Branson was a judge of the High Court of Justice. Until the age of thirteen, Sir Richard Branson was educated at Scaitcliffe School and He moved and studied at one of a boarding school, which was Stowe School until the age of sixteen. However, Sir Richard Branson wasn’t a brilliant and smart student, he had dyslexia (broad terminology defining an anomalous approach to processing information which caused a difficulty in accuracy of reading) made him struggling in his academic performance. Finally he decided to drop out from the school. After dropping out from the school he started a youth-culture magazine called “Student”, it successfully broke $8000 for its first edition. By 1969, Sir Richard Branson was living with music and drug scene surroundings, during that time, he came out with the idea of mail order record company called Virgin to raise his magazine business’ fund. The business didn't work so well however Branson was able to expand his business effort, he finally could add a record shop in London and finally He launched Virgin Records in 1972 with Nik Powell in which he installed a recording studio. However, the business journey of Sir Richard Branson wasn’t always worked according to his plan, Virgin’s financial condition was struggling in 1992, and one year later the company was sold to THORN EMI for $1 billion and on the day the contract was signed, Branson was reported completely crushed and cried. Although the nightmare for him happened, he still insisted to strive in music business and finally on the same year, he founded Virgin Radio and 3 years later he started his second recording company, which was V2. Nowadays, Virgin Group holds more