Virgin Group

Virgin Group Ltd. is a British multinational branded venture capital conglomerate founded by entrepreneur Richard Branson and Nik Powell. Its core business areas are travel, entertainment and lifestyle, and it also manages ventures in financial services, transport, health care, food and drink, media and telecommunications; together, Virgin's businesses consist of more than 400 companies worldwide. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding company; however Virgin's business and trading activities date to the 1970s. The net worth of Virgin Group as of September 2008 was £5.01 billion.