However, over the years it expanded to encompass a variety of businesses, including those related to travel, transport, media, entertainment, and financial services to name a few. The company was co-founded in 1970 by Branson and Nik Powell with intentions of becoming a record shop. Richard Branson is perhaps best known as a co-founder of the multinational venture capital conglomerate called the “Virgin Group”. Sir Richard Charles Nicholas Branson, commonly known as Richard Branson, is a famous English film and television producer, investor, actor, as well as an entrepreneur. Richard Branson net worth is $5 Billion Richard Branson Wiki Biography