Richard Branson loses more than £2.5bn after Virgin Orbit and Virgin Galatic collapse

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Richard Branson loses more than £2.5bn after Virgin Orbit and Virgin Galatic collapse

Sir Richard Branson and his company, Virgin Group, are household names in the UK. He’s long held the title of Britain’s most famous entrepreneur and owns more than 400 businesses in everything from space to banking to cruise ships.  His net worth in 2022 was nearly £5bn, making him one of the wealthiest businessmen in the UK. According to the Bloomberg Billionaires Index, it is now closer to £2.5bn What happened? What happened to Virgin Group V…