Long before Sir Richard Branson became a billionaire entrepreneur with a global business empire, he was a young businessman looking for a way to impress the woman he had fallen in love with.
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he → become → love
His idea was extraordinary, buy an island.
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idea → buy → island
In 1978, Branson learned that a 74-acre island in the British Virgin Islands was on the market.
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island → learn → market
The property was Necker Island, and its name immediately caught his attention because of its connection to the Virgin brand he had launched in 1970 as a mail-order record business.
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he → catch → business
Virgin’s own timeline confirms that Branson purchased Necker Island in 1978.
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Branson → confirm → 1978
The entrepreneur later recalled the unusual circumstances surrounding the purchase in an essay published on Virgin’s website.
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entrepreneur → recall → website
Branson wrote that when he heard an island sharing a name with his company was for sale, his immediate reaction was to contact the people selling it.
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reaction → write → it
At the time, however, he admitted that he was still in the early stages of building Virgin Records and did not have the money required to purchase a private island.
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he → admit → island
There was, however, another reason he was willing to try.
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he → be → ?
Branson had fallen for Joan Templeman.
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Branson → fall → Templeman
Branson wanted to impress Joan Templeman
Branson eventually purchased Necker Island for $180,000 after learning that the property remained unsold a year after his first offer.
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property → want → offer
(Photo: Take Aim Photography)
In his account, Branson recalled that he had been trying to find a way to impress the woman he had fallen for, which prompted him to contact the island’s realtor.
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which → recall → realtor
The response was more encouraging than he could have expected.
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he → expect → ?
The realtor offered Branson an all-expenses-paid trip to the British Virgin Islands to see the property.
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realtor → offer → property
Branson agreed, but only on the condition that he could bring a guest.
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he → agree → guest
That guest was Templeman, who would later become his wife.
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who → become → ?
Branson has since described Joan as the inspiration behind his decision to buy Necker Island.
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Branson → describe → Island
In a 2023 post on Virgin’s website, he wrote that he originally bought the island “in an effort to impress her.”
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he → write → her
The trip succeeded romantically, but the island itself appeared to be well beyond Branson’s financial reach.
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island → succeed → reach
The island was priced at $6 million, but Branson offered $100,000
The realtor quoted Branson a discounted asking price of $6 million for Necker Island.
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realtor → price → Island
For a young entrepreneur still establishing Virgin Records, that figure was impossible.
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figure → establish → Records
Branson nevertheless made an offer.
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Branson → make → offer
He offered $100,000, the highest amount he could afford at the time.
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he → offer → time
Branson later recalled that he and Templeman were left to find their own way home after the offer failed to impress.
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offer → recall → way
But the rejection did not end Branson’s interest in the island.
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rejection → end → island
A year later, he discovered that Necker Island had still not been sold.
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Island → discover → ?
This time, Branson returned with a larger offer of $180,000.
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Branson → return → 180,000
The seller accepted.
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seller → accept → ?
There was one condition attached to the deal, Branson had to build a resort on the island within four years.
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Branson → be → years
What had begun as an ambitious attempt to impress a woman had suddenly become a major property acquisition for a young entrepreneur whose fortune was still in its early stages.
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fortune → begin → stages
Necker Island became Branson’s private Caribbean retreat
Necker Island is now one of the most recognisable properties associated with Branson.
Virgin Limited Edition describes it as a 74-acre private island in the British Virgin Islands, surrounded by coral reefs and white-sand beaches.
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Edition → become → reefs
The property can be hired exclusively, while selected dates also allow individual guests to book rooms without taking over the entire island.
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guests → hire → island
The island has also remained closely connected to the Branson family.
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island → remain → family
Virgin’s own account describes the memories Branson and Templeman created there over the years, with Branson calling the decision to buy it one of the best he ever made.
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he → describe → best
In 2007, Branson bought the larger Moskito Island
Moskito Island is now divided among nine private families, including Branson, who share and maintain common amenities such as beaches and tennis courts.
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who → buy → beaches
Nearly three decades after acquiring Necker, Branson expanded his Caribbean property portfolio.
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Branson → acquire → portfolio
In 2007, he purchased the 125-acre Moskito Island, located roughly two miles from Necker Island in the British Virgin Islands.
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he → purchase → Islands
PEOPLE reports that Branson paid $15 million for the property.
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Branson → report → property
Unlike Necker Island, however, Moskito Island eventually evolved into a private residential community with multiple owners.
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Island → evolve → owners
According to PEOPLE, Branson began developing the island in the mid-2010s and divided it into 10 residential lots that were made available to private buyers.
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that → accord → buyers
…and 14 more, not listed.