Richard Branson by Dom Fotso
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Richard Branson is an entrepreneur and philanthropist who founded the Virgin Group. He dropped out of high school at age 16 and founded Student magazine. He has since founded over 400 companies under the Virgin brand with annual revenues of $25 billion. Some of his major companies include Virgin Records, Virgin Atlantic Airlines, and Virgin Galactic. Branson encourages authenticity, integrity, and innovation in business. He believes in living passionately, investing in one's beliefs, inspiring others, and challenging the status quo.
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Richard Branson by Dom Fotso
- 1. KNOWLEDGE FOR ACTION RICHARD BRANSON Dom Fotso How to live a full life
- 2. KNOWLEDGE FOR ACTION Bio and major accomplishments Entrepreneur, philanthropist, activist • Born in 1950 in London. Eighth fortune of UK ($5B) • Created Student magazine at 16 after dropping out of high school • Founder of Virgin Group (50K employees, 400+ companies, $25B annual revenues) • Knighted in 1999 by Prince Charles • World records: Crossed Atlantic in hot air balloon (1987), Longest balloon trip (1991) • Entrepreneurial highlights: Virgin Records (1970), Virgin Atlantic (1984), Sale of Virgin Records for $1B (1992), Virgin Cola (1994), Virgin Rail (1997), Virgin Mobile (1999), Virgin Galactic (2004) • Virgin Unite as non-profit: Virgin Earth Challenge, The Elders • Married to Joan and has two children, Holly and Sam
- 3. KNOWLEDGE FOR ACTION Be Real Act with authenticity by clarifying what's important • Encouraged to be authentic by his parents • Dyslexic, struggled in school and dropped out at 16 to become an entrepreneur • His headmaster: “In prison or become a millionaire” • Risky business decisions: • signed Sex Pistols, promoted avant-garde music (Punk, New Wave) • Invested in airlines industry then sold Virgin Records to support it • Multiple world record attempts • crossing the Atlantic in hot air balloon (1987) against Virgin Atlantic executives recommendation • fastest crossing of the English Channel in an amphibious vehicle in 2004
- 4. KNOWLEDGE FOR ACTION Be Whole Act with integrity by respecting the whole person • Management of Virgin Group: HealthMiles to support employees health engagement, Virgin Pulse to help employee engagement and support philanthropic causes • Home / Work integration: • Goes on all holidays with kids, pioneered flexible workplace at Virgin • Involves family in world record attempts (crossing Atlantic in sail boat with his kids) • Unite, the non-profit arm of the Virgin Group • The Elders (with Nelson Mandela, Koffi Annan) • Carbon War Room (initiative for Global Warming)
- 5. KNOWLEDGE FOR ACTION Be Innovative Act with creativity by experimenting to find new solutions • Entrepreneurship through frustration as a philosophy to challenge the status quo (Virgin Brides, Virgin Airlines, Virgin Galactic) • Virgin Earth Challenge: $25M prize for a viable solution to the greenhouse gas problem • Innovative commitment device: pledged 10 years of profits from Virgin transportation (~$3B) towards renewable alternatives to carbon fuels
- 6. KNOWLEDGE FOR ACTION Lessons Learned • Live with passion (and encourage it for your kids) • Invest in what you believe in despite other people’s opinions • Find the right people and inspire them • Life is one long learning process: love learning and challenging the status quo • Stand for something: Virgin stands for quality and for combatting frustration