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2021: Sale of about 4% of Virgin Galactic
In August 2021 Richard Branson , he sold shares. Virgin Galactic Holdings Inc worth about $300 million, dollars again using its largest listed asset to maintain its business empire during the pandemic.
The billionaire sold almost 10.5 million shares - about 4% of the space travel company - through a company under his control, leaving him with 18% of the shares.
The proceeds will go towards supporting Branson's travel and leisure business as well as developing new and existing businesses, a Virgin Group spokesman said.
2022: Being sued for withholding data on Virgin Galactic programme issues
In November 2022, it became known that Richard Branson would face trial for hiding problems in the implementation of Virgin Galactic's spacecraft production program and selling hundreds of millions of dollars worth of shares at inflated prices.
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