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).
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