According to reports from the regulatory authorities the billionaire sold 15.6 million shares, which is about 6 percent, of the toplevelloan top level loan Website top level loan com -travel company through his own company, which left him with an 11.9% stake.

 The money will be used to support Branson’s travel and leisure businesses, as well as help to develop new ventures as well as existing ones according to a Virgin Group representative said. Based on Monday’s closing price, the stake held by the 71-year old billionaire has now reached nearly $600 million.