Richard Branson is sitting on a $5 billion fortune but spent years cringing over displays of wealth - see how the eccentric billionaire likes to spend his money
- Sir Richard Branson, founder of the Virgin Group, has an estimated net worth of $5 billion.
- When he spends his money indulgently, it's only to make money in return - like renting out real estate he owns, such as Necker Island.
- In fact, Branson once said in an interview that he's "embarrassed" by displays of wealth, like leaving large tips and buying things for "pure luxury."
- A member of the Giving Pledge, Branson would rather spend his money on philanthropy.
Nearly 50 years after dropping out of high school at age 15 and founding his first business, Sir Richard Branson is now the billionaire chair of the Virgin Group, which brings in more than $21 billion annually in global revenue.
Having overseen approximately 500 companies, Branson, who is known for his charisma and eccentric behaviors, has an estimated net worth of $5 billion.Ever the savvy businessman, Branson has spent some of his billions indulgently, but only to make money in return - like renting out real estate he owns (think Necker Island). When it comes down to it, Branson is rather frugal, opting not to own objects of pure luxury. He also donates much of his time and money to philanthropic efforts.
Below, see how the eccentric leader spends his billions.