Current Affairs Global - 30 July 2015

1. The Bill & Melinda Gates Foundation has been ranked at No 1 position in the list of the world-s wealthiest private foundations established by living ultra-high net worth (UHNW) individuals, as per a latest Wealth-X report. The Gates Foundation has total assets worth of USD 43.4 billion which is more than half of the combined assets of the 10 charitable foundations on the list, the global wealth intelligence and prospecting firm has said.

Li Ka Shing Foundation, founded in 1980 by Hong Kong business magnate Li Ka-Shing, was ranked at second position with USD 8.1 billion in assets followed by Gordon and Betty Moore Foundation at third position with total asset worth of USD 6.4 billion.

2. Consumer Durable giant Procter & Gamble (P&G) has appointed David Taylor as the new CEO who will replace its current CEO A G Lafley. David Taylor has been working with the P&G for last 35 years, who had joined in 1980. He has been the group president for global health & grooming business since 2013 and has served the company as in managerial role across the globe.