Richard Branson opened a business.
Richard Branson . He founded the Virgin Group , which controls more than 400 companies . In 1970 , he set up a mail-order record business . In 1972 , he opened a chain of record stores , Virgin Records , later known as Virgin Megastores . Virgin Group Ltd. is a British multinational corporation venture capital conglomerate founded by entrepreneurs Sir Richard Branson and Nik Powell .