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"We are all excited to get the pub back into the heart of the community." Robin Edmonds, from Woolsery parish council, said: "It's as good as winning the lottery because there's no way that the parish council and local residents could have come together with enough money to make a go of the pub."His family have a long history in the village and it is great he has been able to pump so much money in.The Our Glass working studio is situated within the beautiful Cockington Country Park occupying the stableyard adjacent to the 17th Century Cockington Court.Open daily with no admission charge, you are welcome to watch the traditional manufacturing process and take this opportunity to buy direct from the maker."The closure of the village pub has had a detrimental effect on the village." Sonia added: "The pub looked awful, the manor was boarded up...with Michael coming in and renovating both buildings, it's had a feel good factor in the village.The Bebo founder added: "I love living in America and I love coming here... "I like bringing my children here and sharing that with them.
He now has a net worth of 0m (£303m) and in a rare interview said he felt compelled to act when he saw how dilapidated the village had become.
California-based tycoon Michael Birch said had been "shocked and saddened" at the decline of Woolsery in North Devon where his ancestors lived since 1700.
Michael is worth more than £300m and in the last few years has bought and restored the village pub, an old hotel, and the fish and chip shop.
"It is great." Mr and Mrs Birch set up Bebo in 2005 with the social media website shorthand for ' Blog Early, Blog Often'.
It was a huge success and became one of the world's most popular websites with AOL buying it for 0 million three years later.