Richard Branson: Yachts & Planes
on Sunday, July 18, 2021Richard Branson Money Quote saying lavish spending on needless luxuries creates a poor image when the money would be better spent on those in need. Richard Branson said:
“Ridiculous yachts and private planes and big limousines won’t make people enjoy life more, and it sends out terrible messages to the people who work for them. It would be so much better if that money was spent in Africa – and it’s about getting a balance” — Richard Branson
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In this quote, Richard Branson is expressing his view that excessive displays of wealth through luxury items like large yachts, private planes and limousines do not actually enhance enjoyment of life and send the wrong message to employees.
He suggests that rather than lavishly spending money on such extravagances, it would be better for business leaders and the wealthy to invest funds in philanthropic causes where it is needed, such as in initiatives in Africa that could improve lives.
Branson advocates for finding a balanced approach between enjoying success and flaunting wealth versus using economic privileges responsibly by supporting important social causes.
The quote conveys his opinion that conspicuous consumption should not be the goal and that impactful philanthropy is a better use of substantial resources.