Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.His 242,000 acres of farmland stretch across 18 states Bill Gates owns farmland in 18 states . Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. This can potentially earn you tons of money. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. Both companies were founded in 2012 with the same address as Cascade Investments in Kirkland, which later changed its mailing address to a Louisiana post office box assigned to Oak River Farms, another subsidiary of Cascade. This site also participates in other affiliate programs including but not limited to ShareASale, CJ, and ClickBank, and is compensated for referring traffic and business to these companies. Bill Gates' 20,000 acres in Nebraska help make him the top farmland owner in the U.S. Christopher Burbach Jan 24, 2021 Updated May 17, 2022 0 1 of 10 This cropland west of Malmo, Nebraska, is. 4 Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Estate in Indian Wells, California: $12.5 Million. In 2010 the Gates Foundation Trust invested about $23 million in Monsanto, the genetically modified seed and chemical company, though it sold its shares the next year following outcry from environmental groups. A 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. You may also be interested in why a billionaire wants land. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. Renewable energy company Savion has an option to buy the property for what . We've received your submission. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Farmers just aren't owning the assets anymore. You can also fill out the contact form below if you are interested in buying or selling land. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. You can also look at local resources in your area to see where land is being bought or sold. We are no longer accepting comments on this article. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-leaderboard-2','ezslot_5',106,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-leaderboard-2-0'); While farmland, and land in general, will undergo economic factors and changes to demand, it is very likely to increase in value as the years roll by. Stan Kroenke: Land area: 1.4 million acres. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Reed family: Land area: 1.7 million acres. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. He's one of the richest men in the world and the largest individual owner of farmland in the country. Bill Gates, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. They accounted for almost 1% of the agricultural land in the United States. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. Listen to article. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. His first major purchase was Bell Ranch in New Mexico, a 290,100-acre plain saturated with mesas, rimrock canyons, pastures and a bell-shaped mountain. Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. Many people wonder why Bill Gates would make these moves with his investment portfolio. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. from February that showed there were more than 895 million total acres of farmland in the country last year. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. But billionaire class assertions that they are philosopher kings and climate-conscious investors who know better than the original caretakers are little more than ruses for what amounts to a 21st century land grab with big payouts in a for-profit economy seeking green solutions. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. Black, Mexican, Asian, and Native people, of course, were categorically excluded from the benefits of a federal program that subsidized and protected generations of white wealth. The sale was notable because it added to Gates' farmland holdings which includes large tracts of land in Illinois, Iowa, Louisiana, California, and about a dozen other states. . Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Bill Gates' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. The biggest shift in recent years from small to big farms was in the US. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. has grabbed headlines in recent days, some prominent voices have taken to social media to claim that some other significant acquisitions by deep-pocketed individuals and corporations have largely flown under the radar. A white man owns more farmland than my entire Native nation! A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. There is only a certain amount of land available on earth. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. If you said investment, then you are right. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. In this country, enslaved Black labor first built US wealth atop stolen Native land. BlackRock also does not own the majority of the countrys 80 million single-family homes. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Like other investment opportunities, you can find land for sale online. According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. And not all the renters are local. 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While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. And we think it will provide good inflation protection in the long run. This way, the land will remain productive and healthy, while also becoming a money-driving investment. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. By Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. False. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. But a Gates spokesperson said in a statement on Friday that the claim that hes bought the majority of the nations farmland is false, pointing to a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. It also allows you to keep a portion of the land for personal use so you do not have to give up your weekend home or relaxation property. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . It makes no sense.. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. So why did the Land Report dub him Farmer Bill this year? Right? And Bill Gates new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a global green revolution to help poor farmers mitigate climate change. Bill Gates: America's Top Farmland Owner | The Land Report. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. His land ownership spans across 19 states. It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land).
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