Virgin Group Ltd is a branded venture capital organization founded by British business tycoon Sir Richard Branson. The core business areas are travel, entertainment and lifestyle, among others. 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 1970. The net worth of Virgin Group LTD as of September 2008 is £5,010,000,000.