Associated Press Email Address, 3520 General Degaulle, Articles B

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. That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Gates has been buying land like its going out of style. The company also took to Twitter to reject the false narrative. Gates diversified his investment portfolio through land ownership, but why? The Case for Bill Gates: Microsoft Corp co-founder is largely considered the biggest private owner of farmland in the U.S. with nearly 270,000 acres. Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to, Undisclosed Sale Price (Listed for $8.9 Million). You can email us at contact@askbamland.com. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. 07:04 GMT 16 Jan 2021. 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. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. Beach House in Del Mar, California: $43 Million. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). His land ownership spans across 19 states. The acquisition, however . And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. The January 11 issue of The Land Report is worth reading. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. In fact, he reportedly owns more farmland than any other individual in America. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. Bill Gates reveals reasons behind massive farmland purchases 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. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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 United States is defined by the excesses of its ruling class. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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. It will not tell you that Bill Gates is your neighbor. BlackRock also does not own the majority of the countrys 80 million single-family homes. Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch In six years that number has more than doubled. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. While those companies dont explicitly name Cascade Investments as the owner in their public records, they do share the address of Cascade in Kirkland, Washington, or the address of a Cascade subsidiary, list the names of Cascade employees who registered the companies and sometimes even email addresses from the Bill and Melinda Gates Investment Group. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . It just seemed like a good thing to do., 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, A map has revealed which billionaire owns the most land in the US, and it's not Bill Gates, John Malone owns about 2.2million acres of land across the United States, In comparison, Microsoft co-founder Bill Gates owns about 270,000 acres of farmland, Malone is worth an estimated $9.22billion, Meet the largest landowner in the US as map reveals stunning amount of land billionaire owns and its not Bill Gates. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. The billionaire knows best mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land. The biggest shift in recent years from small to big farms was in the US. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. 23:06 GMT 15 Jan 2021 ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. Bill Gates Doesn't Own That Much Farmland | Aaron Smith BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. How much property does Bill Gates own? - Housing News Gates . The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. Why does Bill Gates own so much farmland? - FoodIndustry.Com The opportunities are virtually endless. That means Gates, whose net worth is estimated at some $134 billion. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. It makes no sense.. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Theres a more cynical calculation. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. The billionaire couple, in less than a. Students at Peoria's Zuni Hills Elementary School get sick as '20 sixth-graders start vomiting after field trip lunch', The Sussexes whine-athon is one of the most nauseating vanity projects ever made, Duke's moaning series seems to be what you have to do when you are paid a lot, I'm an 80-year-old bodybuilder who looks unrecognizable from my time as Mr Olympia - a secret move can get you my body, Inside Carley Shimkus' lavish baby shower as delighted Fox News host celebrates 1st child with husband Peter Buchignani, Levi Davis: 10,000 reward offered in desperate search for X-Factor star who disappeared while on holiday, Tragic Athena Strand update revealed as sheriff calls for 7-year-old's FedEx 'killer' Tanner Horner to get death penalty, Inside incredible life of last Dambuster George Johnson who escaped brutal dad to become WW2 hero with odd best friend. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! He added: 'In addition, the states oldest winery, Chateau Ste. 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. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. He also purchased the 800-acre Bridlewood Farms in Florida. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. Why Bill Gates is the largest private farmland owner in the - Vox I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Bill Gates is the biggest private owner of farmland in - The Guardian The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. LITTLE ROCK, Ark. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. The comments below have not been moderated, By Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR We've received your submission. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Bill Gates owns a lot of American farmland, but not the majority Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. And in Florida, farmers grow carrots on their property. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. In Nebraska where he owns 20,000 acres, it is used for soybeans. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. The potential is endless. In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. Bill Gates is now America's biggest farmer - The Telegraph A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Plan for solar farm targets Gates' land - PressReader The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says. TRENDING: OUCH! Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. He now owns more farmland than my entire Native American nation. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. They accounted for almost 1% of the agricultural land in the United States. If you are unsure where to start, you can also check country tax sales. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. Bill Gates' 20,000 acres in Nebraska help make him the top farmland Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 2021 Land Report: Who owns the most land in the United States? In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. You can read more about us, here. Seems like there could be a lot to benefit more of their charities by selling some of this off. You can also fill out the contact form below if you are interested in buying or selling land. In this country, enslaved Black labor first built US wealth atop stolen Native land. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . 4. An Update on Bill Gates' New Smart City in Arizona | GlobeSt 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 . Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Raw land is not developed. A white man owns more farmland than my entire Native nation! This means that there is not much to maintain on it unless you want to add your own buildings or other property. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. the latest American Housing Survey by the Census Bureau. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart by Harvard Universitys Joint Center for Housing Studies. Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. But theyre far better known for their work in tech and in trying to save the climate. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. Bill Gates Is The Largest Owner Of Farmland In The US - Nation Why Bill Gates Is Buying Up U.S. Farmland - YouTube | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. Port: Bill Gates can't buy land in North Dakota? - InForum (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. The relationship to land who owns it, who works it, and who cares for it reflects obscene levels of inequality and legacies of colonialism and white supremacy., ill Gates has never been a farmer. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. 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. Bill Gates: America's Top Farmland Owner | The Land Report. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Mansion in Rancho Santa Fe, California: $18 Million. 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. Map reveals which billionaire owns largest amount of land in US - and Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to Citizen Kane. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. This could give you a place to relax or to even build a small vacation home. And not all the renters are local. jwz: Bill Gates' Land Ownership Thanks for contacting us. 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found.