Tycoon’s blog appeal comes after reports UK government has rejected £500m bailout
Sir Richard Branson has said he will put his private Caribbean island up as collateral in his attempt to persuade the UK government to save his Virgin Atlantic airline from going bust.
Branson, who is the UK’s seventh richest person with an estimated £4.7bn fortune and lives on Necker Island in the tax-free British Virgin Islands, on Monday promised in a public blogpost that he would “raise as much money against the island as possible to save as many jobs as possible”.
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