8 candid pieces of wisdom from Richard Branson that will change your outlook on the business world

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Richard Branson Knows How To Spend His Money!

It's safe to say that Sir Richard Branson, founder of Virgin Group, knows very well what he's doing when it comes to entrepreneurial endeavors and how to navigate the business world.

One thing that's made Branson so likable among so many customers, fellow business leaders and fans alike (he has over 800K followers on Instagram) is the humanistic element he brings to his business approach--Branson makes being a billionaire relatable.

It's not uncommon to hear Branson rattling off a slew of sarcastic candor or posting photos of him lounging on his private island, Necker Island.

Plus, that fabulous hair certainly doesn't hurt!

SEE ALSO: The 1 belief Richard Branson, Jeff Bezos share that makes them successful

It's no surprise that when given the opportunity to answer questions for aspiring entrepreneurs and established businessmen alike, Branson gives sound advice that's complemented by his characteristic sense of humor and British charm.

Here are eight fun facts, answers and words of wisdom he rattled off during his Reddit AMA when he was asked questions covering everything from his personal life to his cold hard business advice:

What he would tell himself at age 21:

TheRichardBranson's Comment on Reddit

How he answers the age old question "Does money buy happiness?"

TheRichardBranson's Comment on Reddit

What a typical day looks like for Branson:

TheRichardBranson's Comment on Reddit

How he suggests evaluating whether or not a new business venture is worthwhile:

TheRichardBranson's Comment on Reddit

His childhood hero and inspiration:

TheRichardBranson's Comment on Reddit

How he overcame his learning disability and used it to fuel his endeavors:

TheRichardBranson's Comment on Reddit

Why he doesn't admire any one business leader in particular:

TheRichardBranson's Comment on Reddit

And best of all, his one piece of advice for all inspiring entrepreneurs:

TheRichardBranson's Comment on Reddit

Check out these photos of Richard Branson throughout the years:

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8 candid pieces of wisdom from Richard Branson that will change your outlook on the business world
Richard Branson, founder of the Virgin Group, center, Virgin Cruises CEO Tom McAlpin, left, and Miami-Dade County Mayor Carlos Gimenez, right, pose for photos, Tuesday, June 23, 2015, at Perez Art Museum in Miami. Branson and McAlpin announced that Virgin Cruises will set sail from PortMiami in 2020. (AP Photo/Alan Diaz)
Richard Branson, founder of the Virgin Group, arrives, Tuesday, June 23, 2015, at Perez Art Museum in Miami. Branson and McAlpin announced that Virgin Cruises will set sail from PortMiami in 2020. (AP Photo/Alan Diaz)
Richard Branson, founder of the Virgin Group, right, and Virgin Cruises CEO Tom McAlpin, left, place the Virgin Cruises flag at their arrival, Tuesday, June 23, 2015, at Perez Art Museum in Miami. Branson and McAlpin announced that Virgin Cruises will set sail from PortMiami in 2020. (AP Photo/Alan Diaz)
Richard Branson, founder of the Virgin Group, arrives, Tuesday, June 23, 2015, at Perez Art Museum in Miami. Branson and McAlpin announced that Virgin Cruises will set sail from PortMiami in 2020. (AP Photo/Alan Diaz)
Virgin Racing Team owner Sir Richard Branson talks to reporters during a news conference at the Formula E Miami ePrix auto race in Miami, Saturday, March 14, 2015. The race features a of 10 teams of two drivers racing electric powered open-wheel Formula cars. (AP Photo/Alan Diaz)
Richard Branson speaks on stage during We Day UK at Wembley Arena, in west London, Thursday, March 5, 2015. With 12,000 students and teachers in attendance from more than 550 schools, We Day celebrates the potential of young people to implement local and global changes. (Photo by Joel Ryan/Invision/AP)
Sir Richard Branson arrives for We Day at Wembley Arena in west London, Friday, March 7, 2014. Organized by international charity and educational partner, Free The Children, We Day is now a global event. Over 160,000 youths will come together in stadium gatherings to take part in an unprecedented educational initiative which inspires students to get involved in positive social change. (Photo by Joel Ryan/Invision/AP Images)
In this video grabbed image, billionaire Virgin Galactic founder Richard Branson, pauses before a news conference in which he saluted the bravery of test pilots, and vowed to find out what caused the crash of his prototype space tourism rocket that killed one crew member and injured another in Mojave, Calif., Saturday, Nov. 1, 2014. Virgin Galactic's SpaceShipTwo blew apart about 20 miles (32 kilometers) from the Mojave airfield after being released from a carrier aircraft Friday. (AP Photo/Scott Fain)
British entrepreneur Richard Branson, right, watches the match between Serena Williams, of the United States, and Maria Sharapova, of Russia, at the Sony Open Tennis tournament in Key Biscayne, Fla., Thursday, March 27, 2014. (AP Photo/Alan Diaz)
British entrepreneur Richard Branson speaks to some 300 would-be space tourists, who have paid some or all of the $250,000 fare up front, at a gathering in a Virgin Galactic hangar at Mojave Air and Space Port in Mojave, Calif., Wednesday, Sept. 25, 2013. Potential space tourists gathered in California's Mojave Desert to see the latest progress from Branson's space tourism enterprise. The company has been testing SpaceShipTwo designed to take paying passengers into space. Commercial flights will begin once testing is complete. (AP Photo/Reed Saxon)
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