How Much Richard Branson Makes From Virgin Media’s Purchase

by Christopher Freeburn | February 6, 2013 11:53 am

[1]Liberty Global‘s (NASDAQ:LBTYA[2]) purchase of Virgin Media (NASDAQ:VMED[3]) will add about $316 million[4] to British billionaire Richard Branson’s already considerable fortune.

Branson formed Virgin Media in 2006 through the combination of Virgin Mobile U.K., NTL and Telewest. He amassed a $5 billion fortune through a corporate empire launched from a London music shop, Bloomberg noted.

Virgin Media will be acquired for about $16 billion in cash and stock[5]. Including debt, the transaction has a total value of $23.3 billion.

In December, Delta Air Lines (NYSE:DAL[6]) paid $360 million for a 49% stake in Branson’s Virgin Atlantic airline[7].

  1. [Image]:
  2. LBTYA:
  3. VMED:
  4. will add about $316 million:
  5. acquired for about $16 billion in cash and stock:
  6. DAL:
  7. in Branson’s Virgin Atlantic airline:

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