Wednesday’s announcement also comes after billionaire investor Warren Buffett in June said he was resigning as a trustee of the foundation, and had donated half his wealth to philanthropy since pledging 15 years ago to give away his fortune from running Berkshire Hathaway Inc.
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The billionaire trio, with a combined net worth exceeding $380 billion (£274bn), have poured their near limitless resources into their respective space start-ups in the hopes of revolutionising aerospace journeys.
Although the pair form part of a three-way billionaire space race with Jeff Bezos, both Musk and Branson appear in good spirits, with Musk posing for a picture with the British entrepreneur before his historic space mission.
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July 7 (Reuters) – The Gates Foundation said Melinda French Gates and Bill Gates, in the midst of a high-profile divorce, will continue to work as co-chairs for a two-year trial period and after that time if the arrangement unravels, she would step down.
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The foundation said the controlling billionaire benefactors, Bill and Melinda, will contribute $15 billion, their single largest contribution since 2000, If you liked this article and also you would like to be given more info relating to Get more blog traffic i implore you to visit our own web page. bringing the total endowment to about $65 billion.
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Sir Richard Branson (left) has thanked Elon Musk (right) for being ‘typically supportive’ as the Virgin Galactic boss counts down the hours to becoming world’s first billionaire to blast into space on Sunday’s historic flight
The contingency plan for one of the world’s largest philanthropic foundations was announced website by Chief Executive Officer Mark Suzman, a move that would ensure a successful transition for the foundation that has spent over $50 billion in the past two decades toward combating poverty and disease.
Sir Richard Branson has thanked Elon Musk for being ‘typically supportive’ as the Virgin Galactic boss counts down the hours to becoming the world’s first billionaire to blast into space on Sunday’s historic flight.
Sir Richard soon posted a light-hearted reply that read: ‘Thanks for being so typically supportive and such a good friend, Elon. Great to be opening up space for all – safe travels and see you at Spaceport America!’
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The 28-year-old was worn down by her hectic work life, trying to juggle a full time writing career with running two side businesses. Her doctor told her to simply ‘stop stressing’ when she asked for next steps after her diagnosis
The group have all said that they were inspired by the first moon landing in 1969, when the US beat the Soviet Union in the space race, and had previously said how much it would mean for each to win the ‘new space race’.
Sir Richard Branson today became the first billionaire to make it into space on his own commercial spacecraft after the Virgin Galactic founder took off on a flight to the edge of earth’s atmosphere in the VSS Unity plane in New Mexico.
The billionaire entrepreneur told the Times earlier today the view alone will be worth the billion pounds he has spent on the project and added: ‘I think it’s one of the reasons that people want to become astronauts.
Sir Richard soon posted a light-hearted reply that read: ‘Thanks for being so typically supportive and such a good friend, Elon. Great to be opening up space for all – safe travels and see you at Spaceport America!’
