Bill Gates’ Bold Philanthropic Vision: Shutting Down the Gates Foundation by 2045

by News Editor

May 9, 2025

In a remarkable announcement, Bill Gates has shared his determination to distribute nearly all of his $168 billion personal wealth and close the Gates Foundation by December 31, 2045. Gates, at 69, emphasizes his commitment to solving global issues, insisting his legacy will not be defined by wealth. His goal is to be removed from the world’s richest list, a pledge he’s upheld over the years.

Since its inception in 2000, the Gates Foundation has dispersed over $100 billion globally, addressing health, poverty, and climate change. With plans to increase the annual budget from $6 billion to $9 billion, there’s an expectation of contributing an additional $200 million in the years leading up to 2045, subject to market conditions.

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Gates aims to combat preventable diseases, bolster education, and break poverty cycles in Africa. However, he stresses the critical need for governmental partnerships, highlighting a concerning trend of aid budget reductions. No philanthropic endeavor can singularly bridge this financial gap, a sentiment echoed during discussions of large-scale geopolitical financial strategies like Hellenic Bank’s recent commitments to green financing.

Influenced by his mother and collaborators like Warren Buffett, Gates is an optimist about the future, fueled by technological and healthcare advances. Reflecting on Andrew Carnegie’s notion that dying rich equates to disgrace, Gates encourages fellow wealthy individuals to increase their philanthropic engagements.

Hope in Future Innovations

While steadfast in his purpose, Gates remains inspired by technological advancements, including the burgeoning field of artificial intelligence. Despite these optimistic prospects, Gates humorously rebuffs any notion of indulgence, asserting that every dollar should serve a beneficial societal purpose.

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Cyprus Achieves 23.2% Reduction In Energy Intensity As EU Economies Decouple Growth And Consumption

by THEFUTURE.TEAM

February 13, 2026

Overview

Cyprus has recorded a remarkable 23.2% decrease in net domestic energy use intensity over the past decade, signaling a decisive move toward improved energy efficiency. Eurostat reports that the overall EU economy utilized 56.1 million terajoules of energy in 2023, a 4.1% decline from the previous year, as countries continue efforts to decouple economic growth from energy consumption.

Sector Analysis

Within the EU’s energy landscape, public and private sector activities accounted for 72.3% of total energy use, while households consumed the remaining 27.7%. The manufacturing sector emerged as the largest individual consumer at 14.3 million terajoules, representing 25.5% of overall usage. Meanwhile, sectors related to the supply of electricity, gas, steam, and air conditioning recorded an 8.7% reduction between 2022 and 2023, while manufacturing registered a 5.5% decline. In contrast, the transportation and storage sector posted an 8.1% increase, reflecting shifting demand patterns.

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Comparative Performance And Regional Trends

Cyprus’ performance stands out among regional peers. Greece, for example, registered a 19.6% reduction in energy intensity over the same period. Broader EU trends show mixed progress: Estonia and Ireland recorded the fastest declines in energy consumption, while Malta and Lithuania experienced increases. These differences highlight the importance of targeted policies and infrastructure investment in driving efficiency gains.

Conclusion

The sustained drop in energy intensity demonstrates that economies can increase output without proportional rises in energy consumption. This trend supports a broader EU objective of aligning economic growth with sustainable energy practices. Cyprus’ performance sets a strong benchmark for both businesses and policymakers, illustrating the productivity gains that can be achieved through effective energy management.

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