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Published 16:09 31 Dec 2014 GMT
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The news was accompanied with a series of snaps, showing the young heiress and her husband in festive hats holding the new infants.
Richard also shared in his daughter’s excitement, writing:
"Delighted to share the happiest of news - Holly and Freddie are now the proud parents of a beautiful baby boy - and a beautiful baby girl! Joan and I, along with Freddie’s parents William and Jill, are the proudest grandparents in the world.
"It turned into the most magical day," the proud new grandfather continued. "The twins were born on December 20th – the same date that Joan and I celebrate our wedding anniversary, and Holly and Freddie do too!”
Daughter Holly and Fred married on her father’s private Necker Island in December 2011.
The early arrivals will soon have company, with Branson’s son Sam and his wife Isabella Calthorpe also expecting their first child together in the next few weeks.
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