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. Renewable energy company Savion has an option to buy the property for what . 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. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Bill Gates: America's Top Farmland Owner | The Land Report. Raw land is not developed. The Gates family currently [] Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. 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. Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. In Nebraska where he owns 20,000 acres, it is used for soybeans. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Stan Kroenke: Land area: 1.4 million acres. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. 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. 4 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 . The land we all live on should not be the sole property of a few. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. False. On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . Farmland can be an investment in several ways. Back in January, US magazine The Land Report revealed that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the US, comprising an estimated 242,000 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. 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. 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. Land will likely never be a bad investment, as long as the land is healthy and properly located. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. . 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. 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. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. As the population grows in large cities, some people will inevitably want to move to the country. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. the latest American Housing Survey by the Census Bureau. 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. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. LITTLE ROCK, Ark. 07:04 GMT 16 Jan 2021. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. 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,. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. The opportunities are virtually endless. 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. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. You may also be interested in why a billionaire wants land. Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. Gates . This means that there is not much to maintain on it unless you want to add your own buildings or other property. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. He also reportedly owns 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. The opportunities are virtually endless. 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. Mansion in Rancho Santa Fe, California: $18 Million. 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. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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. There . A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. The outlet reported this week that Gates, 65, owns 268,984 acres of. That means Gates, whose net worth is estimated at some $134 billion. There farmers primarily grow soybeans, rice, corn and cotton. John Malone is the largest private landowner in the United States. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. In fact it is so big that it is a little hard to conceptualize. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. BlackRock also does not own the majority of the countrys 80 million single-family homes. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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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, 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. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. You can also fill out the contact form below if you are interested in buying or selling land. Bill Gates' 20,000 acres in Nebraska help make him the top farmland owner in the U.S. Christopher Burbach Jan 24, 2021 Updated May 17, 2022 0 1 of 10 This cropland west of Malmo, Nebraska, is. 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. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. 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. 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 land that Gates owns is located in several states and consists primarily of commercial farmland. 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 January 11 issue of The Land Report is worth reading. 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. Bill Gates does not own the majority of U.S. farmland. This can be an affordable way to get started with your raw land investments. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. Cascade declined to comment on its specific land holdings. 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. 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BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. This site also participates in other affiliate programs including but not limited to ShareASale, CJ, and ClickBank, and is compensated for referring traffic and business to these companies. 4. Through his subsidiary Mt. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. 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. 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. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. 5. Bill Gates is now the largest private landowner in the country. 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. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. But they're just renting it. 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'. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. TRENDING: OUCH! We think we now know. We are no longer accepting comments on this article. 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 acquired six parcels of land in Pembina County. The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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 . Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. Right? You can email us at contact@askbamland.com. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate.