According to regulatory filings, the billionaire sold 15.6 million shares, or about 6%, of the space-travel company through the company he controlled which left him with an 11.9 percent stake.
The profits will help Branson’s travel and leisure businesses and also assist in helping develop new and existing ventures according to a Virgin Group representative said. Based on the closing share price, the stake www.gardenallabout.com gardenallabout garden all about Website garden all about com of Branson’s 71-year-old billionaire has now reached nearly $600 million.
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