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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. 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. 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. 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. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. So what is this guy planning? 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. Bill Gates found to be the largest farmland owner in the U.S - KARK Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. 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. 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. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. That land is now largely rented out to various farmers. Bill Gates' North Dakota Land Purchase Sparks Questions Online - Newsweek He's one of the richest men in the world and the largest individual owner of farmland in the country. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Where Does Bill Gates Own Farmland in the US. False. The option expires Oct. 31, 2024. 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 in the United States, and also the world. Bill Gates now owns almost 242,000 acres of the continguous USA. The company also took to Twitter to reject the false narrative. by Harvard Universitys Joint Center for Housing Studies. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. from February that showed there were more than 895 million total acres of farmland in the country last year. We think we now know. Mansion in Rancho Santa Fe, California: $18 Million. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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 . 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 the biggest private owner of farmland in - The Guardian Whose land is it anyway? Farmers, billionaires, foreign investors Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Cascade Investments declined to comment on its interest in acquiring so much American farmland, but a spokesperson for the firm, Charles V. Zehren said it is very supportive of sustainable farming. He pointed out that in 2020, the acreage that Bill Gates firm owns was all enrolled in a sustainability program. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates is now America's biggest farmer - The Telegraph Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Bill Gates owns massive parcels of farmland. It's not part of his plans Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . 2,167 acres. 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. 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. Right? The acquisition, however . buying an increasing share of the U.S. housing market. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. Bill Gates is America's biggest owner of private farmland, and his Bill Gates' farmland buying spree highlights investment appeal The largest. 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. America's Biggest Owner Of Farmland Is Now Bill Gates - Forbes In January 2021, Bill Gates became the largest owner of farmland in the United States. Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the. 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. 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 Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Why Bill Gates Is Buying Up U.S. Farmland - YouTube That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. 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. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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. Billionaire owns 38-square miles of farmland in Illinois. Farmland can be an investment in several ways. 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. 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 agriculture sector is important. Plan for solar farm targets Gates' land - PressReader Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. Bill Gates is now the largest private landowner in the country. 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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. John Malone is the largest private landowner in the United States. 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. Estate in Indian Wells, California: $12.5 Million. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . 4. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s Bill Gates' Land Ownership. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 5. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. Through his subsidiary Mt. Small farmers and Indigenous people are more cautious with the use of land. 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. 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 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. Why does Bill Gates own so much farmland? - FoodIndustry.Com Stan Kroenke: Land area: 1.4 million acres. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. 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 outlet reported this week that Gates, 65, owns 268,984 acres of. Lemmon Holdings, the billionaire spent $80 million to purchase. McDonald's french fries, carrots, onions: all of the foods that come Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. 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. He added: 'In addition, the states oldest winery, Chateau Ste. Several Properties in Wellington, Florida: $27.2 Million (Total). The January 11 issue of The Land Report is worth reading. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Listen to article. America's leading landowners added hundreds of thousands of acres to their holdings last year.