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According to the regulatory

 According to the regulatory filings the billionaire was able to sell 15.6 million shares, or around 6 percent of the space travel company through an entity he controlled, giving him an 11.9 percent stake.

 A Virgin Group representative stated that the profits will be used to attracthome attract home Website attract home co uk fund Branson’s travel and leisure businesses and also to fund new ventures. Based on the closing share price the stake of Branson, who is 71 years old, is now worth close to 600 million dollars.