Sir Richard Branson has lost a staggering £1.5 billion from his stake in Virgin Orbit over the past year after the company’s share price plummeted more than 95%.
The billionaire entrepreneur’s share in the New York-listed business had been worth as much as $1.9 billion a year ago, but a series of setbacks including a failed rocket launch attempt and a funding crisis have left his stake worth less than $50 million.
