In addition to the family succession plan, the delegation of work he has given over the years has created a strong foundation that made the brand strong on its own.
Left a little wiser by the experience, Branson set out to turn his loosely run business into a company focused on and ruled by balance sheets.
Who are Richard Branson's kids? Branson runs the empire from the old villa where he lives with his family in London's Holland Park.
Branson's parents were supportive of his endeavours from an early age.
There is no better way to travel to your own than on an underwater submarine controlled by one of the biggest company owners in modern history.
Branson responded that he is living on Necker for health rather than tax reasons.