Being called a billionaire is insulting: Virgin Group's Branson

Businessman Richard Branson said being introduced as a billionaire rather than the co-founder of Virgin Group is "quite insulting". "Maybe in America, 'billionaire' is a sign of success, but that rankles me. I think that your reputation is what you create," he stated. He added that it's "very sad" when making money is the sole focus of a person's life.