Billionaire Richard Branson Tries to Mortgage Private Necker Island to Save His Airlines Amid Coronavirus Collapse

“Over time, we built our family home here. The rest of the island is run as a business, which employs 175 people.” Proposing Necker as loan security, Branson places it among “other Virgin assets,” saying, “our team will raise as much money against the island as possible to save as many jobs as possible around the group.”

The open letter follows an earlier tweet from Branson’s personal account, laying out the facts about Virgin’s Businesses, which highlights the group’s previous efforts amid the pandemic.

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