How Richard Branson Is Trying To Save His Virgin Empire

Sir Richard Branson has cut a figure as a brash and rebellious impresario who took on big businesses with his larger-than-life personality, charm, and sheer guts. The Virgin Atlantic airline Branson started and grew from an industry underdog to a major international carrier is now at risk of collapsing. Branson's Virgin Group has several other businesses in industries that have all been hit hard by the coronavirus. His sparkling empire is taking hits on all sides from a global pandemic.
Correction (May 27, 2020): At 2:25, we initially stated that Virgin receives roughly $20 million a year in licensing royalties, but Virgin received licensing royalties of more than $100 million in 2019.
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How Richard Branson Is Trying To Save His Virgin Empire

[@MarkWTK]

my virgin empire is still going strong, but it needs some saving too :(

[@blvdsantana2741]

天吉Mark lol

[@TheMarky26]

Keep up the good work...My prediction is your virgin is going too remain for years to come..

[@EnchantedSmellyWolf]

@@TheMarky26 Totally. The company will outlast all company with such tenacity.

[@helmsdeep84]

Mark cmon man! I'm meditating here! lol

[@nulnoh219]

Are you a wizard yet?

[@dom2555]

never heard the word virgin said so many times in my life

[@grospipo20]

Dom some Al-quaeda jihadis are probably sending their resume right now!

[@Devinn504]

You must’ve never played call of duty 4 modern warfare 😂

[@joseafalvel]

It surpassed the times during my life tI heard girls calling me "virgin" as a another way to say they think I'm a loser

[@lordvenom4419]

This video mocking you for being virgin

[@armitylekhona585]

@@joseafalvel poor u

[@acidxray]

Wish title read " How Richard Branson Is Trying To Save His Virginity"

[@laughingoutloud3713]

guess answer would be a virginity belt

[@simonbroberg969]

Heard he claimed he was selling music records from a public phone box when he started. but most know who puts up phone numbers in those boxes, and as he supplied rich people with the women who had put those phone numbers in those public phone booths, we'll let you guess how he really earned the cash and how come he never got caught... Profumo was big news back then

[@Cosmos273]

Thats what i read

[@georgekurgansky5986]

Daumn, that's some good dyslexia right there lol

[@simonbroberg969]

@@georgekurgansky5986 Just a sign of a misspelt youth

[@fahadsheikh9035]

Branson has an Empire of virgins? Didn't know he owned Twitch.

[@ecstacy2921]

Lmaoooooo

[@EZYash5]

Wait i thought amazon did?

[@hexerei02021]

@@EZYash5 Think about it a little bit more.

[@EZYash5]

@@hexerei02021 oh i got it 😂😂🤣🤣🤣🤣

[@alixir3010]

Virgin Twitch. Perfect

[@katisop5991]

The whole point of its name is that someday it will get effed.

[@Neojhun]

bravo

[@truehavoc5725]

Gave me my morning laugh

[@Komputar]

Brilliant!

[@tonysamaniego7875]

Hahaha

[@rattusnorvegicus4380]

Aye, he never saw that one coming, can`t wait to see him get shafted and his myriad of tax dodges wither away fast.

[@TrainFan-tk4yq]

“Trying to save his Virgin empire” lol the title made me chuckle.

[@mizangaming3816]

FoodieBoi 🤣😂😂😂😂😂😂😂😂😂

[@cvhashim]

Some immature kids in these comments

[@philipsmith1990]

Among Branson's 'less successful' projects was Virgin Brides. Possibly not the most marketable name for a business.

[@islagames]

Lesson : "Virginity , if you lost it will never come back."

[@marasm5258]

Usually its about honor and dignity. Virginity can be renwed by operations nowadays, if you have 💰 so)

[@nobs997]

Does born again virgin ring a bell?

[@mayursable4921]

@@marasm5258 waht?

[@marasm5258]

@@mayursable4921 I m not sure, maybe I made parallel with Russian proverb about dignity that you have to keep from younghood))

[@rohanghosh1499]

😂

[@blakehelton6884]

Here is a story that came to my mind after watching this video.. "Financial education is the key to success during time of crisis. Those that understands how money works will survive no matter which way the market is moving".

[@oliverjackson160]

Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die".

[@helensteve2817]

@Trisha White The fast and easiest way of making money in the world of today is by investing in crypto currency.

[@williamsedward9129]

I'm a beginner who is seeking for advice, I want to start trading.

[@katrinanumez2583]

@investwith_linda

[@katrinanumez2583]

Reach her on telegram with the username above

[@zukacs]

You could do this series literally on half of world companies with same story line

[@timpenfield5]

True except those other companies don't have a zero fatality rate like Virgin airlines

[@carpediem6568]

@@timpenfield5 I was wondering how safe the planes were with his whimsy, party atmosphere. Glad to hear it.

[@SamMight]

@@timpenfield5 That is the difference, right there everyone. We've cracked it! While commendable as a stand alone fact, probably one of the most narrow-mined arguments, seeing as though that doesn't define the company in the slightest

[@timpenfield5]

@@SamMight WE WILL SEE, Since I own the stock and it went from .03 to 60 cents recently. Hows that for narrow minded stupid me?

[@felipe367]

indeed that is correct but this person just happen to SUE a public health service

[@fineway7053]

When your satellite company is *literally* a satellite company.

[@Chicago48]

He needs to get out of the space business and leave that to Bezos and Elon. Or he needs to co-venture with them. But the space business will soak up all his money.

[@ryccoh]

@@Chicago48 You didn't watch the video did you

[@lairdriver]

@@Chicago48 he has access to engineers that neither Musk or Bezos can get. His space plane is impressive.

[@DannyOvox3]

@@Chicago48 virgin galactic is thriving right now, finally. They have big things coming in the next few months. Buy the stock !

[@LunaticTheCat]

@@Chicago48 Nope, he is offering something SpaceX isn't. And blue origin? Let's talk when they get in orbit.

[@Wasserfeld.]

Branson's popularity has definitely declined in the UK. He was always known as being a success but now he's more known for suing the health service (which is a religion here), screwing up the InterCity East Coast rail contract (for the 3rd time) and not paying taxes here. We have a saying here "privatise the profit, nationalise the risk". People are very sick of companies wanting bailouts by taxpayers. Quite honestly if Virgin Atlantic collapses, so be it. Free markets and neoliberalism are always great for owners of big business until things turn sour.

[@jbell6642]

“Privatize the profit, nationalize the risk.” That’s great! In North America it’s, “Corporate Socialism.”

[@irepmyselfthatsall]

totally agree. the thing that gets to me the most is he sued the NHS. no matter what, you don't sue an organization that's founded on trying to help people without charging them.

[@Wasserfeld.]

@@michellestone We all know it's paid through tax. No one is that stupid. We also have free entry museums, but no one then starts saying "IT'S NOT FREE, IT'S PAID FOR BY TAXES!" It's bloody obvious.

[@skylinecams7851]

he already let flybe fail, purchased it for £20 million 12 months ago then as soon as covid hit went demanding the goverment give him £100 million. Just an oportunist trying to make a quick buck from the taxpayer

[@skylinecams7851]

@@michellestone your National insurance contributions are used to work out how much unemployment benefit you get if you lose your job and how much state pension you get when you retire the nhs money just comes out of the tax pot these days. you dont need to pay national insurance to access the nhs foreigners can access all treatment the same as us eg someone becoming ill or going into labour on holiday but health tourism is illigal so if you come to the uk with the sole purpose to try and get healthcare you will be billed.

[@clutch2827]

Everyone's like, now's my chance to tell my witty virgin joke!

[@Peterd1900]

"Gatwick the smallest of Londons 2 airports" London has 6 international airports

[@charlesjay8818]

please don't count Southend airport as one, it only has 5 really. but then is London Luton really in London? or in Luton? same for stansted!!! no where near london really

[@joshmoore2587]

@@charlesjay8818 London Luton is closer to London than Gatwick...... It is one of the easiest to get into London from

[@agentbananauk]

London has two airports, and Gatwick isn't one of them.

[@Peterd1900]

@@charlesjay8818 Stanstead and Southend airports are practically the same distance from central London 39 And 40 miles respectively

[@Kyle-mo7bd]

@@agentbananauk You're hopefully considering London City as well.

[@auro1986]

richard branson hopes this 16 minute video advertising about every virgin company will save his virgin empire

[@larrymorgan747]

taught i was the only one who notice that

[@CiaraITB]

So glad I wasn’t the only person thinking this lol

[@valentinoitalis5203]

2020 great news Michael Moore presents Planet of the Humans, a documentary that dares to say what no one else will this Earth Day - that we are losing the battle to stop climate change on planet earth because we are following leaders who have taken us down the wrong road - selling out the green movement to wealthy interests and corporate America. This film is the wake-up call to the reality we are afraid to face: that in the midst of a human-caused extinction event, the environmental movement’s answer is to push for techno-fixes and band-aids. It's too little, too late

[@matrix2678]

like concorde?

[@lolasan7697]

why not?

[@vijayanshwasson7303]

Okay We can not deny the fact that he doing all he could to save his company. Massive respect

[@FowlorTheRooster1990]

him saving his company? he sued the NHs over a disputed agreement and then asks thee UK government to give 500 million pounds of tax payers money to save his business instead of selling his own assets to save his own company

[@Timbone07]

@@FowlorTheRooster1990 What about all the jobs his companies create in the UK? I know people are vengeful but he wont suffer if the company fails It is the employees that will suffer

[@FowlorTheRooster1990]

@@Timbone07 if the jobs are so important make mr branson save his own company instead of using our money

[@Timbone07]

@@FowlorTheRooster1990 That's not how real life works. More unemployment affects GDP, inflation etc. Please stop with the ignorant talk about our money. No one is taking from your savings account. It is the allocation of taxes that will be collected anyways. It just moves this to the top of the agenda. This type of thinking is no different from trickle down economics. It is garbage and has no bearing in reality

[@FowlorTheRooster1990]

@@Timbone07 so your saying we should give richard branson free money to save a business that he already has enough money to save it several times over

[@alanbarlow8232]

Any hero that sticks around long enough will always become the villain.

[@danielhancock6633]

Only in some peoples eyes What about all the thousands upon thousands of people he employs if he goes under those people lose as well as him so did the guy Give the guy a Bale out of that means saving peoples jobs

[@paulmiller6578]

Villain from the beginning, do a bit of research ...

[@thegreatfellow]

Even though this feels like a sponsored video, it was pretty well made. CNBC is really upping their KZbin game, expecting more!

[@DJHenryGQ]

this seemed more like an advertisement than anything...

[@wunderfull]

You are the enlightened ones 😬

[@migrantworkersrefugees]

I read a book by Richard Branson, “If I imagine, it becomes reality.” After overcoming dyslexia, he made a Virgin group. The adventurous ceo. I still remember the CEO.:)

[@AceGod7]

books are one sided stories on ones belief, it has no effect on someone else life as we all have our reason to be on this rock you call earth. i know it as 001

[@adsrbad9733]

CNBC: “London has two airports, Gatwick and Heathrow” *Forgets London city airport Edit: yes I missed a few airports so here we go: and also Glasgow, Stansted, Luton and Southend

[@onkelmarvin8360]

And Stansted too

[@Approvedhalalmemes]

Luton and Southend

[@jatterhog]

And Glasgow too at this point let’s be honest

[@robinsonodhiambo]

So.. How is Richard Branson saving his empire?

[@absolutefinds8989]

That's a great question!

[@777xxx777able]

thats the questions i have been asking for the last 21 minutes

[@LOADING...o.o.o]

He watches this video for booting his confident and ego so he can save his virgin airline.

[@campkira]

he don't....

[@quadq6598]

I think he is watching this video?? yeah agree - stupid title

[@saadwaheed465]

lol i thought the title said something else XD

[@numanh8391]

Cringe

[@vikiraj9656]

i had a same thought

[@operatorjewski9450]

Simp

[@shamrock141]

I hope the airline is able to survive, I've flown on it many time and it's very comfortable and the flight attendants are very polite

[@royreyes8422]

great cover and reporting... thank you

[@PayPal_com]

Companies should not expect to be bailed out with taxpayers money. Simple as that.

[@jsiszero]

But but.. . Think about how many jobs will be saved lol

[@FowlorTheRooster1990]

@@jsiszero no these "jobs" would still not be secure and also Richard Branson doesnt pay any tax to the UK, he sued the NHs over a disputed agreement and then asks the UK government to give 500 million pounds of tax payers money to save his business instead of selling his own assets to save his own company

[@williamdrijver4141]

Inviting journalists to his exclusive Caribbean island was a smart move: after a luxurious "working" vacation it was very hard for media to criticize Richard Branson. A form of soft bribery imo.

[@lonedagut176]

I admire someone who has built up a multimillion business starting in a phone booth.....why is it so many people hate and envy successful entrepreneurs? Hope Richard Branson keeps going, his Virgin flights to South Africa were great.

[@Putt-Putt]

I like the content CNBC puts out on KZbin.

[@kevinalbora562]

Poor decisions really popped his debt cherry.

[@ahandymantricks2520]

Yen Tao hehehehe

[@LadiesMan-bo2cc]

Hah why is Virgin’s main color theme red 😆

[@isaac7769]

When CNBC explores , it indeed EXPLORES !!!! 👍

[@MrGamerMan2468]

"Gatwick, the smaller of London's two airports" ermmm we have 6 airports in London

[@leeanucha]

internationals!

[@eoin7075]

And Gatwick’s not even officially in London 30 minute drive at best

[@eoin7075]

Smith Js yeah Luton is international Heathrow is Gatwick is and the others just I don’t know them

[@MrGamerMan2468]

Heathrow, Gatwick, Luton, Stansted, Southend, city are all classes as London international airports

My time is always well spend with CNBC...

[@DavidJones1]

London has 6 international airports, not 2

[@nadinebeckermanns19]

Had. All but one will close

[@fightsports66]

@@nadinebeckermanns19 In the future you will be right. In the present there are 6.

[@karehaqt]

As someone who lives in the UK, Richard Branson is not held in great regard by the general public. He tried asking for a bailout and got told where to stuff it.

[@poza55555]

Why is that? As an outsider I am curious

[@mattty555wright]

The british press told him to stuff it not the government who are still in discussions. The problem is people are ignorant and think because he is a billionaire he has £5 billion in the bank so shouldn’t get a loan. Not realising his net worth if related to the value of his company 🤦‍♂️

[@Brad-ku9yu]

What?! A company based on extravagance is not doing so well when the world is suddenly not feeling so extravagant...I am shocked! -The British Public (probably)

[@amazonthings2497]

Don't speak for the UK. You sound like a 9-5 type of person who hates entrepreneurs. I'm 28 and this the guy is awsome. Stop hating and work on yourself

[@darryljones3009]

@@mattty555wright Which means he can just sell parts of his company...

[@DungPhan-gv6rg]

I wanna watch this video all day

[@kirillsorokin9786]

Glad he’s looking out for us.

[@wafflecougar-online]

Billionaires begging for money. That’s pretty funny.

[@o0keitaro0o]

It will be more funny when u no longer have a work to go because it was funded by a billionarie with no money now

[@axvarela]

Is not funny, is ofensive.

[@pkegles]

@@o0keitaro0o no

[@elcuhh9169]

No different than someone setting up a go fund me to cover medical bills or funeral costs. A sudden hit of expenses with no income is bad all around for everyone, doesn't matter if you're a billionaire or not.

[@jaliborc]

@@o0keitaro0o You mean it was funded by tax dollars.

[@keeli5575]

When Americans think London only has 2 airports

[@bobandbobandbob6285]

The video literally showed 3 airports.

[@matthewryan4844]

@@bobandbobandbob6285 the third dot said London and the other two were airports. Possibly, it meant London City airport, but then they have scripted it poorly and are still missing out Luton and Stanstead.

[@keeli5575]

@Gabriel Cuenca play to your strengths

[@keeli5575]

@@bobandbobandbob6285 didn't think blind people watch KZbin

[@thomashenshallhydraxis]

I thought they only had one airport? The rest are Americans Air Force bases.

[@joshbranson12457]

Branson has always been my business idol. Hope he makes some good decisions and save his empire.

[@vedantkale1163]

You seriously need to change your idols. Branson is a nobody compared to others in terms of net worth, power and importance. Every single venture he has is much more like a hobby and not like a business which requires dedication, that is why his company has so many services with none of them succeeding in a way to justify Branson's popularity.

[@FowlorTheRooster1990]

good decisions? he sued the NHS over a disputed contract he begged for 500 million pounds from the government that comes out our tax, and he also doesnt pay tax to the uk

[@someonehere8280]

Not paying taxes (if proven) is not a “critique” it’s a big deal

[@logic7374]

He does it legally. Who cares? So give it to the government who wastes is constantly? The wealthy pay 70% of all tax in America. It's a little ridiculous. Maybe stop attacking people who refuse to pay exorbitant tax and start attacking the politicians who waste the trillions they're given every single tax season.

[@thewildcardperson]

Logic a government should work for its people not its money your seeing the results of that mentality on display right now

[@SamMight]

@Logic Because it evades the law it's absolutely fine. Excellent argument. Also, the government doesn’t spend all tax money correctly, so they don't deserve any of it. The reasoning skills of a child displayed right here

[@tyrionlannister6459]

Logic someone is talking out of their ass

[@fahadsheikh9035]

He did so legally, which is a very important thing to keep in mind. Besides, its not like politicians do such a good job using it that people should be donating extra to them.

[@David-tp7mc]

Sprint just ended virgin mobile last year

[@TheJuangarcia123]

Then t-mobile ended sprint

[@ChrisSmooth24]

Juan Garcia more like ate it.

[@syxepop]

Lefty9602 - actually T-Mo didn't get the US business of Virgin Mobile (MVNO w/o infrastructure). As part of the US Gov't agreement for T-Mo's buyout of Sprint, Virgin Mobile US and Boost Mobile will go to EchoStar / Dish.

[@shebastinson7813]

RIM was the best!!

[@Qazedca]

i hope the UK doesn't give this guy a penny

[@chefgproductions3303]

my friend, gatwick is the second largest of 6 london airports

[@dossieinvalertsdossie2231]

Never liked him. Invests with other people’s money, then cries for government money but refuses to pay taxes by living on an island

[@NeverTalkToCops1]

He's not inventive. Greasy marketing guy, the name Virgin says it all.

[@sltga1254]

Seems as though anything with Virgin in it is very high risk. Virgin records and Virgin mobile doesn't exist anymore in Australia. Virgin Australia is banksupt and Virgin active is not far behind.

[@tonydoherty2190]

I feel sorry for your employees who will lose their jobs and have paid tax but you haven't you have gone out of your way not to pay it for years and as someone said you should lose your knighthood you dont pay tax no bailout

[@rob-123]

Virgin won a deal not to pay any tax on their internet with a promise to improve the uk infrasture for their users. The problem was the equipment all their customers already had is capable of nearly delivering a 6 gbps connection. So Virgin didn't really need to do anything and got away with paying 0% tax.

[@dossieinvalertsdossie2231]

Norbert Kas such a silly word, “rich”. How much do you need to have, to be considered “rich”?

[@bryanrmcf]

I thought he was trying to save his virginity...

[@marcthomas4488]

He lost that decades ago. R Branson is a playboy

[@daviz1778]

Lol I thought the same

[@jasinbiggs7189]

My dad asked me why am i still a virgin at 29. And i tell him im saving it for the right girl even though i never even got to first base. Anyways the point is Just lie to dad

[@IIOctaneII]

jasin biggs thank you for sharing this with us...how sad

[@kelvinwan2646]

Mtomasyan5 9.

[@nishant_bhardwaj]

"Privatize profits, Socialize losses"...mantra of corporate houses

[@andrewpeterson9579]

Oooo you smart

[@ROBLOXGamingDavid]

My first thoughts upon seeing that title be like: _"Is he a leader of a people who are virgin?"_

[@donnk]

anyone else remember Virgin soft drinks? I loved those

[@CA_Harshith]

I saved my virgin empire during this Corona. Hope Branson too makes it through. #Virgin_for_life

[@paquitoignacio3449]

He is a billionaire, still he has lots of cash and he will never go down, while his employees are starving he can sleep well.

[@morningglory7831]

They did the same thing in japan from 125.BC for the next 3000 years from the jimu times. Humans just boil and hate when someone is too good. They just hate it and don't like it. When someone is happy. Watch korean drama's. So we are all not that awesome.

[@dogloverjb6873]

he hasn't paid taxes in 14 yrs and wants the government to bail him out....

[@olcapone3039]

DONT BE FOOLED ABOUT CORPORATIONS PAYING TAXES THERE ARE TOO MANY TAX FREE INSENTIVES OFFERING THE RICH TAX FREE INVESTMENTS ALSO WITH LOW TAXES COMPANIES CAN FOCUS ON BETTER SERVICE CREATING MORE JOBS , HIGHER TAXES THEN COMPANIES WILL HIGHER THERE PRODUCT PRICES AND SERVICES AND LIKELY CUT JOBS EVEN WORSE MOVE OPERATIONS TO TAX FRIENDLY COUNTRY , THE FREE MARKET HAS CREATED THE WORLD , GOVERNMENTS GET IN THE WAY OF FREE MARKETS AND ONLY CREATE MANY USELSS JOBS THAT THE TAX PAYERS HAS TO PAY FOR !!!!!

[@MsMsmak]

The government would be keeping British people working. Isn't that something to consider?

[@rattusnorvegicus4380]

"MsMsmak21 hours ago The government would be keeping British people working. Isn't that something to consider?" Please explain.

[@tl11rj7x]

Lmaoo ikr ike wtf

[@somethinglikethat2176]

Well if the money he is getting from his businesses has already been taxed via corporate tax then it's quite likely that he would not be required to pay a second lot of tax in the form of personal income tax on it.

[@theobrigham]

"london's gatwick airport, the smaller of the city's two airports" london city, stansted, luton and southend say hello

[@getpaidblackman9859]

It was a the title that brought us here.

[@jamjamc]

I believe in Richard Branson because he never gives up!

[@darlayjones669]

Go to smoke a good blunt, keep quiet and then go to bed 🤪

[@ulysseshenderson8717]

Jam Jam he should bail his own company out he has the funds, instead of hiding on his island and tax evading

[@ovincent35]

Funny a billionaire seeking welfare from the government

Very good detailed information given. I'll like Richard Branson and people like him to succeed always. He did it alone. He and his team have very good vision in Business...

[@frawldog]

We all love him

[@maxtroy8511]

8:12 = "If you're not making money, that's not a sustainable business model." A lot of "tech startups" need to understand this.

[@blyat7276]

exactly

[@UKT_Fighter]

Damn i don't know what to expect from vid thumbnail. Jokes aside, i got valuable lesson from this.

[@hasanjamil2067]

About time his virgin empire popped its cherry.

[@rogerfreeman6787]

I applaud anyone who is able to avoid taxation of any kind.

[@yak55x]

Socializing the losses. Some BS billionaires.

[@GerardPerry]

@Dave Cockayne It's not about hating the rich. It's pointing out the parasitical nature of these crony, fake "capitalists," who leech off the teat of taxpayers, i.e. the productive class.

[@stannisstewart4879]

Gerard Perry The company pays taxes does it not.

[@yak55x]

@Dave Cockayne Then you don't believe in free enterprise at all because a company going bankrupt means they sucked and the market will correct with a new, more efficient company. Your an oligarchist's crony.

[@glassmuxxic]

Gerard Perry I know of very few businesses that could reasonably be expected to account for an almost total global drop in revenue for 1-2 quarters in a ‘rainy day fund.’ If you feel they should or could have, and some portion of the 70,000 jobs should go, then that’s fine - but the circumstances are different (and more complicated/without modern comparison) than in 2008.

[@yak55x]

@@glassmuxxic Branson is a Billionare asking for 680 million. I don't get welfare if I have $10,000 in the bank.

[@abecedarians]

We're all in this together...DEAL WITH IT!!!

[@vantha5872]

Superb.

[@Voncid]

I hope Branson can save his companies, We need his drive in the Aviation community.

[@billhanna8838]

Oh i thought this was going to be about his trips to Epstiens island where the Virgins were kept for him .

[@rattusnorvegicus4380]

"bill hanna3 days ago Oh i thought this was going to be about his trips to Epstiens island where the Virgins were kept for him ." I thought he was squeaky clean in that respect?

[@billhanna8838]

@@rattusnorvegicus4380 None of these Globilists are Clean , It's a big club & we aint part of it .

[@m.k.s.7417]

That is an outrageous accusation!?

[@josephbrickson5952]

Man i like Rich! Im rootin for him

[@MrOsho3]

You are a God's special child.... love your oratory skills🤗

[@sherlyudayakumar1466]

You are great sir 🙏🙏👌👌💜💜

[@Demon-vq3pr]

That title made me click so fast

[@arnowisp6244]

Didn't we all?

[@esq.m7076]

Passenger to Cargo ... the forecasted may be a in a win fall soon 👍🏼❤️

[@69grandpa69]

Great solutions being proposed by this dude.

[@FowlorTheRooster1990]

yeah like suing the NHS asking the UK government to save his company WITH OUR TAX MONEY and evading uk tax

[@karepmuu]

The title sure hits different

[@abcdLeeXY]

When billionaires go bankrupt they will still have multi million dollars worth of property and other assets to live off of for the rest of their years.

[@2011blueman]

It depends. In bankruptcy your property and assets are sold off to pay your creditors, so the only way the billionaires still have millions is if they still had a positive net worth when they went into bankruptcy.

[@sexymonkey4979]

Leggo My Ego or an LLC

[@ChaosBeforeOrder]

@@2011blueman you heard of exempt laws

[@karennakye]

People lose employment

[@vasireddivirendra8378]

A playboy creates virgin empire

[@internationaldirector2917]

Caught by surprise in this uncertain world.

[@swaggerjack3811]

Jack of all trades, master of none. I don't know what Richard Branson thought by getting into 100% capital intensive, low margin, super competitive businesses. If only he had focused on building a monopolistic business like Facebook, Amazon, or Google he would not need to be in every business just to have the Virgin brand out there. Only 1 or 2 businesses were enough.

[@burtonl7239]

Dunno why ppl are so salty about bailouts. Bailouts are loans. They have to be repaid with interest or gained by selling stock to the government. If the business venture is solid, governments should totally bailout the business and reap the profits for social programs. Case in point, the US bailout of banks during the last financial crisis was immensely profitable. All the banks repaid with interest.

[@seandelaney1700]

Not all the bailouts are structured as loans, ie much of the money given to US airlines does not require repayment.

[@burtonl7239]

@@seandelaney1700 That's not so much a bailout as a grant to airline workers. The deal is for the airlines to not cut any workers until September. So basically, it's a subsidy.

[@seandelaney1700]

@@burtonl7239 Agreed, the term "bailout" is popularised by the press to provoke the readership.

[@FowlorTheRooster1990]

i doubt richard would pay it back knowing how he lives on a private island and how he doesnt pay tax to our country

[@honkhonk8009]

Yep. People also dont understand bankruptcy either, yet love to talk about it. Bankruptcy means the company becomes owned by the creditors right? I dont get how this is a huge issue half the time. Really shows how we should be taught the basics of how our nation works in school. Politics talks about capitalism as a system so much, but half of us dont understand basic finances. Its so stupid and wierd. Media isnt helping us stay informed either. This youtube comment probably helped me out more than an hour of CNBC.

[@Josh-kd9pw]

to be fair 500m pretty reasonable, compared to the multiple of billions we give to each airline company

[@alanc.1213]

It not when his airline hasn't made a profit in years......while BA in the same market was making around 2 billion euro each year.....go figure!

[@adrians7186]

Richard Branson is asking for roughly 600 million dollars from the government (people's tax dollars) when he's worth 4.2 BILLION dollars! He will still be one of the world richest people with over well over 3 Billion dollars if he uses his own money to save HIS company. That's enough money for several lifetimes. Don't waste your time defending the undefendable. Their are a lot of other billionaires that are far richer than Richard Branson asking for hundreds of millions of dollars that they can easily afford.

[@SharapovaFan]

​@@adrians7186 He doesn't have 4.2 billion dollars in cash. You can be exceptionally rich person on paper yet be cash strapped. His net worth is going down as I'm typing this. He can liquidate assets that he can liquidate, but do you have any idea how difficult it is to liquidate assets as diversified as his? There is a time-critical aspect to the cash injection required. It's like medicine. If you don't take it in time, then you're doing it wrong. If he doesn't get the cash injection into the business, it goes under completely and thousands upon thousands of jobs are lost directly and indirectly. If you don't understand that, then you probably have never owned a business your entire life.

[@joshuajoe1419]

@@SharapovaFan yeah I agree, while it’s annoying how we bailout these companies, it’s a necessary evil.

[@FowlorTheRooster1990]

ITS FROM OUR TAX WHY SHOULD WE HAVE TO PAY FOR HIM TO HAVE HIS COMPANY SAVED HE SHOULD SELL HIS OWN ASSETS TO SAVE IT

[@feelerino]

Thank you for saving me Richard

[@MarttiSuomivuori]

His autobiography is well worth reading. He is not smart but he is a genius.

[@BoxiesAU]

Billionaires are happy to tell the common folk to have three months of saving for bad times.... yet none of them seem to, that has proved evident during this pandemic

[@keelanfarrell8047]

0:50 since when has london had only 2 airports, I guess Stanstead, Luton and City just don't exist anymore huh

[@sholaking5027]

😱🤣🤣🤣🤣 even some people in the UK think this

[@annar6430]

Should have been flying with Virgin this summer! Going nowhere till next Summer. My ticket is on hold,till....? Richard bounces back,and I'll be on my way.

[@paquitoignacio3449]

Just hope Virgin Atlantic will recovers and back to normal operations.

[@pierrevincent9568]

if he was truly rebellious, he would reject his title of "sir"

[@Cpnweze]

Wrong in this day and age being rebellious is keeping the the title of sir or saying your a proud male. You gotta be in the minority to be rebellious.

[@thihal123]

He’s so rich, shouldn’t he bail himself out?

[@davidfreeman3083]

He doesn't have that much money. Most large corporations are publically financed and owned (like being listed on stock markets). Usually the total assets is far greater than any of their founders, as their most valuable asset is probably their share of the companies that they founded. Like I'm sure $600M is a lot for him. I don't even think he has that much. That's more than half of Jeff Bezos' TOTAL wealth, including all his assets like Amazon's shares.

[@raitonlaveur]

@@davidfreeman3083 What ? Besos is worth over 100 BILLIONS not millions.

[@adrians7186]

@@davidfreeman3083 Um Bezos is worth 150 BILLION dollars! 600 million is nothing for him. Richard Branson is asking for roughly 600 million dollars from the government (people's tax dollars) when he's worth 4.2 BILLION dollars! He will still be one of the world richest people with over well over 3 Billion dollars if he uses his own money to save HIS company. That's enough money for several lifetimes. Don't waste your time defending the undefendable. Their are a lot of other billionaires that are far richer than Richard Branson asking for hundreds of millions of dollars that they can easily afford.

[@Liv21484]

I hope his empire will survive 🙏🏻

[@niceguy100000]

The 4 chord corporate music is driving me straight to the mental hospital.

[@PtolemyXVII]

Mr Branson needs to cut his losses, and scrap his airline business and pivot towards telemedicine and entertainment

[@ericktorres9791]

Telemedicine

[@j.bmillennial3988]

He needs to cut his hair

[@yoloswaggins1579]

I just don't get how a company named virgin even made it this far.

[@anushkamalith4057]

My mentor❤️

[@quartytypo]

If Branson sends his cruise ship to the boneyard, there goes the whole fleet.

[@chrisv.6951]

he's billionaire, why does he need a bail out ?

[@hellothere-us7iw]

He will stay rich and employees get more and more poorer. Simple as that. He could just shutdown his businesses and remain a billionaire. While employees lose their jobs and cause more economic harm to the country. A small company like thomas cook hit the uk economy hard. How much more a company like virgin.

[@don_pedrogaming2644]

He doesn't, his company does. There is a big difference.

[@Wildboy789789]

Lets pretend your the president and im the billionaire... "hey my airline needs a stimulus, if i dont get it ill have to sell the buisness for a nice stack of cash :) it will close a major airline in your country and fire 40,000 of your citizens"

[@chrisv.6951]

@@Wildboy789789 why doesn't he just use his own money. I mean their already gonna give em another bail out tho.

[@vapeking466]

And here I thought virgin was just a cell phone company in the US running on the sprint network.

[@Cpnweze]

As I watch this from my virgin mobile phone now owned by boost mobile or dish I used to think the same thing.

[@honkhonk8009]

Nah, virgin mobile is owned by bell now.

[@caesar7734]

0:50 London has six airports. Gatwick is the second most busiest. Virgin is based only at Heathrow and Gatwick.

[@melvindevilleres6332]

I like this guy's lifestyle holding office in nice islands and yacht..anyway even his company gets into trouble, hope he still has a lot of personal money left for himself...

[@reheyesd8666]

Why does the government talks about free-market economies but gives a bunch of money to big companies?

[@sesequatch2598]

You do know companies pay their employees with the government subsidies.

[@lukesutton4135]

Lol same reason they hire them into fed government so they can sell their stocks tax free. So you get duped into thinking that the only way you get rich is by being fair or playing by the actual rules at all what so ever.

[@reheyesd8666]

@@sesequatch2598 Proves the point further

[@kitsontuli2713]

Damn, literally everything people are told to stay away from😕

[@shirazsyed8852]

Sad to see this happen to this guy the most admirable ventures

[@nickvoutsas5144]

Mr Richard Branson you are a true visionary and a signature entrepreneur. A Signature Entrepreneur is unique ,innovative and unlike other drab business men your brand is always fresh and exciting.

[@therealrobertbirchall]

Tax dodging NHS robbing tory bandit