Coronavirus UK: Duncan Bannatyne detonates Richard Branson

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Duncan Bannatyne and Simon Cowell attacked mega-rich stars, including Victoria Beckham and Sir Richard Branson, for seeking millions of pounds from the taxpayer to bail out their bankrupt businesses.

The dispute arises after Branson asked for a £ 500 million taxpayer bailout to save Virgin Atlantic from the collapse.

Victoria Beckham told 30 employees of her fashion brand that they were on government retention schemes to pay up to £ 2,500 of their monthly salary.

But Simon Cowell has revealed that he will continue to pay his staff rather than relying on the taxpayer – unlike the mega celebrities, including Branson, who want the taxpayer to recover the wages of his worker.

The television tycoon has agreed to continue paying the 50 full-time employees who work for his production company Syco in London and Los Angeles.

He also donated £ 1.6 million of his personal wealth to charities in desperate need of money.

Cowell, 60, assured staff that he would not be on leave even if the coronavirus crisis interrupted television production for his shows in the United Kingdom and America.

He also urged other celebrities and business leaders to “take on the challenge” of Covid-19.

Meanwhile, Dragon’s Den star Bannatyne said billionaire Virgin Group boss should seek help from a bank in a dispute with his Twitter followers.

And he also denounced Branson’s offer to mortgage his Caribbean home, Necker Island, as collateral to help raise money to “save as many jobs as possible.”

In an open letter to staff, he said he was not asking for a document, but a business loan, estimated at £ 500 million, and intervened after Virgin Australia took office.

Duncan Bannatyne

Sir Richard Branson

The Dragon’s Den star (left) said billionaire Virgin Group boss (right) should instead go to a bank for help during a quarrel with his Twitter supporters.

Simon Cowell revealed he would continue to pay staff rather than relying on the taxpayer

Simon Cowell revealed he would continue to pay staff rather than relying on the taxpayer

Victoria went to Instagram to share a photo of herself enjoying the isolation activities with the caption: `` Family bike ride on my birthday '' - while her brand staff went been informed that she was on leave

Victoria went to Instagram to share a photo of herself enjoying the isolation activities with the caption: “Family bike ride on my birthday” – while her brand staff were informed that she was on leave

But Branson has been criticized for using taxpayers’ help to help Virgin Atlantic, rather than using her £ 4 billion fortune.

Scottish entrepreneur Bannatyne, who said he supported his leisure business during the pandemic by increasing bank loans, said in a tweet to a subscriber, “Do you think the island is worth £ 500 million?

He continued: “I went to the PAS bank to the UK taxpayer. The bank. A viable business will get money from a bank.

“I never expected it (Sir Richard). I said he should go to the bank for a loan, not the hard-working British taxpayers you show so little respect for. “

In another tweet, he added, “But tell me, why can’t he borrow money from a bank?

“In every company in the world, the staff pay their taxes. So you are saying that the government should financially support all businesses in difficulty?

Duncan Bannatyne exchanged tweets with a Twitter subscriber in which he denounced Branson for not going to a bank to get a loan

Duncan Bannatyne exchanged tweets with a Twitter subscriber in which he denounced Branson for not going to a bank to get a loan

Sir Richard Branson has offered to remortgage his Necker Island home as collateral after asking the government for a £ 500m loan

Sir Richard Branson has offered to remortgage his Necker Island home as collateral after asking the government for a £ 500m loan

Victoria Beckham is supposed to raise her wages in an

Victoria Beckham is expected to raise her wages in an “improved package” by paying the remaining 20% ​​- although she is not required to do so. In the photo, his store in Hong Kong

Sir Richard also responded to the harsh criticism he has faced in recent weeks about his tax situation.

Critics have pointed out that Sir Richard has paid no UK income tax since moving to the British Virgin Islands tax-free 14 years ago.

In the open letter to staff at Virgin Atlantic, he said, “Many airlines around the world need government support and many have already received it.

He said the crisis facing the airlines is “unprecedented”.

He also said that despite his wealth, that didn’t mean he had “cash in a bank account ready to be withdrawn.”

Responding to criticism that he was a tax exile who did not deserve help, saying that he and his wife “did not leave Britain for tax reasons but for our love of the beautiful British Virgin Islands and in particular of Necker Island “.

He said that Necker would be offered as security for any loan.

He added, “As with other Virgin assets, our team will raise as much money as possible against the island to save as many jobs in the group as possible,” said Sir Richard.

Sir Richard posted a link to an open letter to staff after Virgin Australia took office

Sir Richard posted a link to an open letter to staff after Virgin Australia took office

Sir Richard is the 312th richest person in the world with an estimated wealth of $ 5.2 billion, according to the Bloomberg billionaires index.

Clydebank-born Bannatyne recently told Sky News that the coronavirus crisis could cost his business £ 30 million.

He had been supported by the Royal Bank of Scotland. About 2,600 of its employees were on leave in March, while 400 were still working.

Virgin Australia entered voluntary administration on Monday after failing to secure a government bailout due to the effects of the pandemic.

HOW DID RICHARD BRANSON EARN HIS MONEY?

Richard Branson is the founder and president of Virgin Group, which started with Virgin Records in 1972 and now employs over 70,000 people in 35 countries.

His empire includes airlines, radio stations, nightclubs, a Formula 1 team and health clubs – and the tycoon is estimated to be worth more than $ 4 billion.

Branson started at age 16 in the 1960s with Student magazine – which sold nearly $ 8,000 in advertising in its first issue – with the ambitious young businessman who dropped out of school to focus on publishing.

He then started his record business in 1969, before launching Virgin Mail Order Records, using the profits to found the music label Virgin Records in 1972, according to Investopedia.

Its success is partly due to its desire to sign controversial artists at the time, including the Sex Pistols, with other popular artists, including Ozzy Osbourne and The Rolling Stones.

In 1979, Branson bought Necker Island for $ 180,000 and began creating one of its most iconic businesses, Virgin Atlantic, in 1984, the airline having succeeded with its creative comfort in flight.

After selling Virgin Records for $ 1 billion to keep Virgin Atlantic operating, Branson became a knight in 2000 and has remained one of Britain’s best-known entrepreneurs.

“Virgin Australia has entered voluntary administration to recapitalize the company and help ensure that it emerges in a stronger financial position on the other side of the Covid-19 crisis,” the airline said in a communicated to the Australian Stock Exchange.

The move follows a meeting of the company’s board of international shareholders who voted against granting additional financial support.

The airline had requested £ 710 million from the Australian government, but the request was turned down.

The Virgin Australia Board of Directors has appointed Deloitte to volunteer directors.

The airline, which served domestic and international destinations over short distances, was founded in 2000 by Sir Richard Branson and was one of the leading aviation providers in Australia.

In a letter to airline staff, which he tweeted, Sir Richard said, “This is not the end for Virgin Australia, but I think it is a new start.”

He said: “Never one to give up, I want to assure you all – and our competitor – that we are determined to see Virgin Australia back up and running soon.

“We will work with the directors and management of Virgin Australia, with investors and with government to get there and build a stronger business ready to provide even more valuable customers, to compete in the market, to reviving the economy and providing jobs for our wonderful people.

“Virgin Australia has captured the hearts of all Australians. It is all of you – past and present – who have made it the best airline to fly to Australia.

Sir Richard owns approximately 10% of the company, which is also partly owned by Etihad Airways and Singapore Airlines.

Announcing his charitable donation last month, Simon Cowell said he doesn’t like to lecture other celebrities about what they should do, but suggested that they have a role to play.

Sir Richard faces battle to save Virgin Atlantic and asked for taxpayer bailout

Sir Richard faces battle to save Virgin Atlantic and asked for taxpayer bailout

He said, “I know this is an extremely difficult time for so many people – concerns about family, health, jobs, paying the mortgage and feeding their families come first. people’s minds.

“But there are still other people in business and entertainment with resources available, so today, these are the people I urge to take on this huge challenge. “

The number of employees Cowell will continue to pay is almost double the number that Victoria Beckham has put on leave.

She told 30 employees of her fashion brand that they were on government retention schemes which would pay up to £ 2,500 of their monthly salary.

Beckham, 46, who with her husband David has an estimated fortune of £ 335 million, to use the government program has been criticized for being criticized.

Stella McCartney also chose to use the retention program, with up to half of its 1,400 employees on leave.

Cowell stayed in Los Angeles with partner Lauren and six-year-old son Eric during the crisis that saw Britain’s Got Talent final postponed until the end of this year.

Auditions of the popular series are already over and the elimination rounds are scheduled to start in May.

Production is postponed until September, but even that depends on easing orders for social distancing in the UK.

The cameramen and other production staff working on the show are mostly self-employed and hired for a fixed period during filming.

The television tycoon, who has an estimated fortune of £ 330 million, is not responsible for their wages during the periods between productions.

An insider said those scheduled to work in May will be used later this year, unless they have other jobs planned.

Syco staff maintained on the payroll are employed in their offices in the United Kingdom and the United States in an administrative role.

Cowell donated $ 1 million of his personal wealth to the Feeding Britain and Feeding America charities.

Organizations provide supplies to food banks for the needy.

Cowell has also pledged £ 500.00 to Shooting Star Hospices, a charity with which he has worked in the past.

The money will be used to consolidate the finances of the charity which works with 800 families across the UK providing support.

Richard Branson’s real estate portfolio

From the islands to the Swiss Alp chalets, there is no property left on earth that Richard Branson could not afford to buy if he wanted to.

So what did the 69-year-old choose to spend his money on?

1. Mahali Mzuri – a Kenyan bush safari camp

Tents in Mahali Mzuri - a Kenyan bush safari camp where you can stay for £ 1200 per person per night

Tents in Mahali Mzuri – a Kenyan bush safari camp where you can stay for £ 1200 per person per night

In 2013, Sir Branson ordered the inhabitants to build a luxury safari complex of 12 tents with infinity pools and a spa in the middle of the Kenyan bush.

Guests can stay in one of the resort’s tents for £ 1,200 per night per person during the high season, and can spot elephants, zebras, lions, leopards, cheetahs and giraffes during their stay – armed guards protect the tents from predators.

Sir Branson declares his taste for safari on the resort’s website: “When you think of going on a safari in Kenya, one of the first things that comes to mind is the Great Migration. Words simply cannot do justice to the majesty of this impressive spectacle. I hope you enjoy your Kenyan adventure as much as I do. ”

Armed guards protect guest tents from predators such as lions

Armed guards protect guest tents from predators such as lions

2. Roof Gardens, Kensington High Street, West London

In one of the most expensive areas of London for real estate, the billionaire has seized a roof garden classified as English heritage classified II which extends over 1.5 hectares and is not visible from the shopping street.

The gardens are home to a members’ club and a restaurant and were bought by Sir Branson in 1981 after being denied entry to the club twice, reports Bisnow.

3. Kasbah Tamadot – A Moroccan refuge

“Welcome to Kasbah Tamadot!”: Guests can stay in a standard room for £ 570 a night or rent the entire accommodation for £ 38,927 a night.

“Welcome to Kasbah Tamadot!”: Guests can stay in a standard room for £ 570 a night or rent the entire accommodation for £ 38,927 a night.

Sir Branson bought the hotel to add to its Virgin Limited editions in 2005 after his parents took advantage of a 28-room retreat overlooking Mount Toubkal in the Atlas Mountains.

Branson says on the website: “Welcome to Kasbah Tamadot! This magical place is perfect for rest and relaxation. Enjoy the fresh mountain air as you stroll through our beautiful gardens, or go hiking in the High Atlas Mountains … I hope you enjoy your stay.

Guests can stay in a standard room for £ 570 per night or rent the entire room for £ 38,927 per night.

4. The Lodge – A Verbier, Switzerland, Ski chalet

Mr. Branson writes on his website:

Mr. Branson writes on his website: “Welcome to the Lodge! As soon as I saw it, I knew that this magnificent chalet in the Swiss Alps was destined to become my favorite ‘

In an area often frequented by renowned friends such as Leonardo di Caprio and David and Victoria Beckham during the ski season, the nine-bed ski chalet is next to Prince Andrew and the ski run of his ex- wife Sarah Ferguson, reports Bisnow.

It can be rented exclusively for £ 118,039 per week.

Mr. Branson writes on his website: “Welcome to the Lodge! From the moment I saw it, I knew that this magnificent chalet in the Swiss Alps was destined to become my favorite mountain refuge. I chose Verbier because it is an incredible destination all year round and offers world class skiing, fabulous après ski and everything you could want in a summer getaway! Paragliding, climbing, mountain biking … you name it! I hope you too will enjoy your Lodge experience as much as I always do. “

5. Necker Island, Caribbean

Mr. Branson himself lives in Necker, the British virgin island he bought at the age of 28

Mr. Branson himself lives in Necker, the British virgin island he bought at the age of 28

Would you like to rent an island for the day? Well, Mr. Branson made this possible for £ 34,000 a night.

Mr. Branson himself lives in Necker, the island he bought at the age of 28, because he “likes the British Virgin Islands” and his companies “all pay taxes in the countries where they operate” .

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