Richard Branson Britain British Virgin Islands pandemic reports blues experts Richard Branson Britain British Virgin Islands

What Richard Branson ‘mortgaging’ Necker Island really means

Reading now: 825
telegraph.co.uk

Why the ultra-rich get 'quite creative' when it comes to attaching value to non-financial assets Whether it’s the glitzy roster of famous guests, devastating fires, floods or – the latest challenge – being forced to refinance in the face of a pandemic, for a private island Richard Branson’s Necker is never too far from the headlines.

The Virgin billionaire is now seeking a £500m commercial loan from the government to save his ailing airline from becoming a Corona casualty – and he’s offering his family retreat in the British Virgin Islands as collateral.

Quite what the British government would do with a Caribbean island, should Branson default on his loan, is anyone’s guess (although Boris does enjoy his holidays in the region).

Read more on telegraph.co.uk
The website celebsbar.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA