Richard Branson is offering up his private island as collateral in order to save Virgin Atlantic from collapse
In his letter, Branson noted that Virgin Group operates within many of the industries hardest-hit by the coronavirus, including "aviation, leisure, hotels, and cruises."
"I've seen lots of comments about my net worth — but that is calculated on the value of Virgin businesses around the world before this crisis, not sitting as cash in a bank account ready to withdraw," he said. asking the British government for a loan estimated to be worth about £500 million .
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