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Sir Richard Branson retires to holiday island

Sir Richard Branson has left Britain and is living on his holiday island of Necker in the British Virgin Islands, it has been confirmed. He moved there seven years ago, a spokesman said.

Sir Richard Branson who has left Britain and is living on his holiday island of Necker in the British Virgin Islands. Credit: Andrew Milligan/PA Wire

The Sunday Times newspaper said that Sir Richard's decision to leave the country is a turnaround for the charismatic entrepreneur who has draped himself in the Union Jack to promote his business.

The spokesman said: "After almost 40 years of working in the UK, Richard, now in his 60s, chose to live on his island Necker in the British Virgin Islands, an island he bought in 1979.

"Since he gives 100% of any monies he earns from these to charity, it makes no difference for tax purposes whether he is in the UK or the BVI."