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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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Cypriot Government Employment Sees Modest Growth in April

by THEFUTURE.TEAM

May 12, 2025

Total government employment in Cyprus increased by 237 persons, a rise of 0.4 per cent, in April, compared to the same month in 2024, reaching a total of 55,490 employees, according to the state statistical service.

Employment in the civil service and the security forces decreased by 1.2 per cent and 1.1 per cent respectively, while the educational service saw an increase of 3.8 per cent.

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Civil Service and Educational Service Breakdown

In April 2025, the civil service employed 11,960 permanent staff, 4,141 employees with contracts of indefinite duration, 1,458 with contracts of definite duration, and 5,798 hourly paid workers.

Permanent employees represented the highest proportion of the civil service workforce at 51.2 per cent, while employees with contracts of definite duration made up the lowest proportion at 6.2 per cent.

In the educational service, there were 12,461 permanent employees, 947 with contracts of indefinite duration, 4,824 with contracts of definite duration, and 141 hourly paid workers.

Permanent staff formed the majority of the educational workforce at 67.8 per cent, while hourly paid workers accounted for only 0.8 per cent.

Security Forces Breakdown

Within the security forces, 8,430 were permanent employees, 4,304 held contracts of indefinite duration, 267 were on definite-duration contracts, and 759 were hourly paid workers.

Permanent employees again made up the largest group in the security forces at 61.3 per cent, with definite-duration contracts representing just 1.9 per cent.