High Quality Content by WIKIPEDIA articles! Virgin Group Ltd is a British branded venture capital organisation founded by business tycoon Richard Branson, sometimes perceived as a conglomerate. The core business areas are travel, entertainment and lifestyle. Virgin Group's date of incorporation is listed as 1989 by Companies House, who class it as a holding company; however Virgin's business and trading activities date to the 1970s. The net worth of Virgin Group Ltd as of September 2008 is Pds. 5.01 billion. It consists of more than 400 companies around the world. Virgin Group operates its headquarters at The School House, 50 Brook Green in the London Borough of Hammersmith and Fulham .Although Branson retains complete ownership and control of the Virgin Brand, the commercial set-up of companies using it is varied and complex. Each of the companies operating under the Virgin brand is a separate entity, with Branson completely owning some and holding minority or majority stakes in others. Occasionally, he simply licenses the brand to a company that has purchased a division from him, such as Virgin Mobile USA, Virgin Mobile Australia, Virgin Radio and Virgin Music (now part of EMI).