But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural.
Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? Gates . Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade.
Bill Gates is now America's biggest farmer - The Telegraph Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters Port: Bill Gates can't buy land in North Dakota? - InForum According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. So why did the Land Report dub him Farmer Bill this year? Several Properties in Wellington, Florida: $27.2 Million (Total). This map shows that area as a rectangle that can be dragged. Like other investment opportunities, you can find land for sale online.
Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR 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.
How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. After all, few can out-bid Bill Gates. Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade.
Map reveals which billionaire owns largest amount of land in US - and There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. There . 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. The project is in its early .
How much property does Bill Gates own? - Housing News The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington.
Bill Gates is investing big in American farmland | Crosscut Gates diversified his investment portfolio through land ownership, but why?
Bill Gates' farmland buying spree highlights investment appeal While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Dailymail.com Reporter
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.. They accounted for almost 1% of the agricultural land in the United States. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. The agriculture sector is important, he wrote. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. the latest American Housing Survey by the Census Bureau. You may also be interested in why a billionaire wants land.
North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! 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 . Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. You can read more about us, here. 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. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. 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 . Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates.
Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. . Can You Build A Wedding Venue On Residential Land? Through his subsidiary Mt. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. The price makes this one of the most expensive home sales in this part of California ever. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. He now owns more farmland than my entire Native American nation. *According to figures compiled by The Land Report in 2019. 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. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). - 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. 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. Where Does Bill Gates Own Farmland in the US.
Bill Gates is the biggest private owner of farmland in - The Guardian A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats.
How Much Land Does Bill Gates Own? | askBAMLand Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Land will likely never be a bad investment, as long as the land is healthy and properly located. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). 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. 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 . Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. The potential is endless. 07:04 GMT 16 Jan 2021. 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. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations.
Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. That means Gates, whose net worth is estimated at some $134 billion. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. 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. Reed family: Land area: 1.7 million acres. 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. Farmland offers a strategy that is completely separated from his other wealth and investments.
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. Bill Gates, the fourth richest person in the world, currently owns 242,000 acres of farmland, making him the top private farmland owner in America, according to Forbes.
Maps Mania: The United Gates of America - Blogger 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 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in.
Does Bill Gates Own the Majority of US Farmland? | Snopes.com The opportunities are virtually endless. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955).
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.
Bill and Melinda Gates' divorce puts massive farmland holdings in focus Farmland can be an investment in several ways. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. Lemmon Holdings, the billionaire spent $80 million to purchase. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. ', 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.'. The acquisition, however . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates has never been a farmer. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. Bill Gates is now the largest private landowner in the country. You may have heard that Bill Gates owns a lot of land, but you may not know how much. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Bill Gates may be trading his pocket protector for cowboy boots. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.
Farmer Bill - The Land Report The largest. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. And the firm said its very supportive of sustainable farming. The company also took to Twitter to reject the false narrative. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. 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. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. Someone else is owning that asset, whether it's rented equipment or land. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space.
Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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 the Land Report 100, an annual survey of the nations largest landowners.
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