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Billionaire Richard Branson To Raise $400 Million

Video Credit: Wochit News - Duration: 00:32s - Published
Billionaire Richard Branson To Raise $400 Million

Billionaire Richard Branson To Raise $400 Million

Business Insider reports that billionaire Richard Branson is looking to raise $400 million.

A filing showed that Branson is looking to raise the money in a special purpose acquisition company.

VG Acquisition Corp is the name of the new company.

It intends to sell 40 million units at a price of $10 per unit.

The company said it plans to search for targets that operate in consumer-facing industries in US and Western Europe.


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Richard Branson Richard Branson British business magnate, investor and philanthropist


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