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It will not tell you that Bill Gates is your neighbor. Farmer Bill. 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. He now owns more farmland than my entire Native American nation. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. 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). , an annual survey of the nations largest landowners. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. from February that showed there were more than 895 million total acres of farmland in the country last year. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. The piece noted that the firm owns at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.. As the population grows in large cities, some people will inevitably want to move to the country. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Nick Estes is a citizen of the Lower Brule Sioux Tribe. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. 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.
John Malone is the largest private landowner in the United States. Gates diversified his investment portfolio through land ownership, but why? The option expires Oct. 31, 2024. 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. Raw land is not developed. In addition, the land is audited to meet sustainability standards including soil health and water management. So why did the Land Report dub him Farmer Bill this year? 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 extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. But he didn't, Quarterman said. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. If the land is owned by the Cascade Investment Group or Cottonwood Ag Management it is likely that Bill Gates may be one of your neighbors. Mansion in Rancho Santa Fe, California: $18 Million. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Bill Gates' Land Ownership. *According to figures compiled by The Land Report in 2019. But that could soon change. The 66,000-square-foot home overlooks Lake Washington and, although there is no exact estimate of the homes value currently, it had a total assessed value of $147.5 million on 2009 property tax documents. 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. Is this simply a diversification of Gates' massive tech investment portfolio? The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. So what is this guy planning? In total, Bill and Melinda Gates have acquired land in more than a dozen states. 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. 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. 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. That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. Land will likely never be a bad investment, as long as the land is healthy and properly located. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. In January 2021, Bill Gates became the largest owner of farmland in the United States. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Theres a more cynical calculation. The report on US Land Ownership ("Land Ownership Report" / 1-21-22) indicates that Bill Gates, the founder of Microsoft and holder of 45% of its shares, is the main owner of North American land, owner of an area of more than 250,000 acres (101,171.4 hectares) deployed throughout the immense US territory, the fourth in the world in order of . They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. Which is where the Bill Gates' Land Ownership interactive map comes in. In fact it is so big that it is a little hard to conceptualize. 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. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. He is an assistant professor in the American studies department at the University of New Mexico. A white man owns more farmland than my entire Native nation! You may have heard that Bill Gates owns a lot of land, but you may not know how much. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. Renewable energy company Savion has an option to buy the property for what . In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Can You Build A Wedding Venue On Residential Land? buying an increasing share of the U.S. housing market. 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. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. In Nebraska where he owns 20,000 acres, it is used for soybeans. The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. 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. 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. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. 4 if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. Bill Gates: America's Top Farmland Owner | The Land Report. Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. That was a virus I got from Ted Turner.. of the richest people in the country, owns less than one percent of the nations total farmland. the latest American Housing Survey by the Census Bureau. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. Arable land is not just profitable. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. We've received your submission. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. Where Does Bill Gates Own Farmland in the US. Beach House in Del Mar, California: $43 Million.