Richard Branson mortgage his private island to face the crisis of coronavirus

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Sir Richard Branson has the water to the neck: the tycoon who rose to the record label Virgin to the holding company of international scope, is seeing how your empire is brittle. Virgin it is a conglomerate that includes airline, hotels, and cruise ships, sectors particularly hit by the global crisis of the COVID-19. Before the imminent collapse, Branson is left with no choice but to take the hand of Necker, its private island.

The caribbean island of Necker, in the British Virgin Islands, has been the home of Branson for nearly 40 years. Just an island, it was uninhabited until it was purchased to build there a luxury hotel: according to the English press, to stay in it costs the absurd figure of 45.500 euros per night.

Its 175 employees just contact by e-mail to put you on notice: come to the event, and is every day more near, must be prepared to change your life.

Make No mistake: the important person here is Branson, not Kris and Kendall Jenner
Make No mistake: the important person here is Branson, not Kris and Kendall Jenner (Amy Sussman / GTRES)
Richard Branson with the actress Kate Winslet.
Richard Branson with the actress Kate Winslet. (Splash News / ©GTRESONLINE)

Economic catastrophe

The index for Bloomberg, he estimated in February a fortune of around 5,000 million dollars. Today the figure has fallen to less than half

The tycoon has not received government support that was expected to rescue the companies Virgin Atlantic Airways and Virgin Australia Holdings and does not seem to be sufficient its commitment to inject $ 250 million by getting rid of a good part of his collection of art, jewelry, and various properties in London.

The index for Bloomberg, he estimated in February a fortune of around 5,000 million dollars. Today the figure has fallen to less than half and numbers on a screen: with the world in a state of hibernation, the greater part of that money does not exist.

The holding company Virgin Group, born from the record label, encompasses today around 300 companies.
The holding company Virgin Group, born from the record label, encompasses today around 300 companies. (HiFly/Pardise/FAMEFLYNET PICTURE / ©GTRESONLINE)

Richard Branson has never been an ordinary businessman, but the mirror in which you look at Elon Musk, owner of Tesla: his 70 years, can boast of being the first to establish a tourism company space and have had an endless list of illustrious guests: the princess Diana of Wales, Kate Winslet, prince Harry, Mick Jagger, Ron Wood, Harrison Ford, Mel Gibson, Kate Moss, Mariah Carey, Robert de Niro and the former president Barack Obama, among many others.

Source: La Vanguardia