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One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. Why aren't they giving more? But, As of February 2021, Gates has made headlines across the wor. 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. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. , updated 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. buying an increasing share of the U.S. housing market. That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. 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. 4. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). And not all the renters are local. by Harvard Universitys Joint Center for Housing Studies. He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. 4 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. By 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. The trend worries young farmers who cannot compete with the likes of Bill Gates when buying land, according to Holly Rippon-Butler, a farmer in upstate New York and the land campaigns director at the National Young Farmers Coalition. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. You may also be interested in why a billionaire wants land. Bill Gates top private farmland owner in US. In fact, this also means that you may not even have to apply for a loan to start the investment! 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, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. The farmland real estate investment trust (REIT) Farmland Partners, which owns 156,500 acres in 16 US states, has seen its traded value more than double since November and is trading near an. Gates and his wife own 269,000 acres of farmland. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. 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. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. of the richest people in the country, owns less than one percent of the nations total farmland. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. The LandReport, a magazine that provides news and insight on America's landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. The agriculture sector is important, he wrote. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. That was a virus I got from Ted Turner.. 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. 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. The gun and the whip may not accompany land acquisitions this time around. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. 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. 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. We are no longer accepting comments on this article. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. The tech mogul, who is the. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. In fact, he reportedly owns more farmland than any other individual in America. - 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 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 . In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans. The billionaire Microsoft co-founder has become the largest owner of farmland in the. 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. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. The opportunities are virtually endless. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. 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. Not only is it usable by you, but land can be used for so many different things. Bill Gates owns a lot of American farmland, but not the majority By PHILIP MARCELO May 2, 2022 CLAIM: Microsoft co-founder Bill Gates owns the majority of America's farmland and the investment firm BlackRock holds the majority of single family houses in the country. Our inventory spans mostly in the western United States. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. 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' $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. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. The billionaire says he purchased the land because they are not making it anymore.. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. LITTLE ROCK, Ark. 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 . The potential is endless. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The map shows a 242,000 acre square situated over New York. A white man owns more farmland than my entire Native nation! Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. The company also took to Twitter to reject the false narrative. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Starting in 2012, Gates investment firm began buying family farms in South Georgia. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. That is a big chunk of land. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. This could allow you to sell or lease the individual lots of land on the property. One of the largest plots of land owned by a subsidiary of the Gateses investment arm in Louisiana, Angelina Plantation, was previously owned by former WorldCom CEO Bernard Ebbers, who died last year, a month after being released from prison. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. 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. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Through our professional experience in land acquisition, we have found that people buy and sell land for many different reasons and have learned that it can be an investment for profit, vacation, or any opportunity that suits your needs and desires. If youre looking at what this means for farmers on the ground looking to access land, theres significant competition from nonfarmers, and that really affects young farmers because it means that the price that theyre trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income, Rippon-Butler said. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. While private companies and corporations are increasing . He is an assistant professor in the American studies department at the University of New Mexico. The project is in its early . That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. Single-family homes are priced between $5-25 million. He's one of the richest men in the world and the largest individual owner of farmland in the country. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. The largest. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. He owns 2m acres and has the worlds largest privately owned buffalo herd. 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 comments below have not been moderated, By Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. The biggest shift in recent years from small to big farms was in the US. 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