Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. 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. 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. That means Gates, whose net worth is estimated at some $134 billion. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Estate in Indian Wells, California: $12.5 Million. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. Members of the Stanley family now work for Generations. 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. , updated The option expires Oct. 31, 2024. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Besides the enrollment of their landholdings in Leading Harvest, the Gates Foundation in 2020 also created an agricultural nonprofit, Gates Ag One, which focuses on bringing affordable solutions to small-scale farmers in sub-Saharan Africa and South Asia to improve crop productivity. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. 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. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. BlackRock also does not own the majority of the countrys 80 million single-family homes. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. the latest American Housing Survey by the Census Bureau. 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. If you are unsure where to start, you can also check country tax sales. Ag Briefs: Bill Gates top private farmland owner in U.S. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Farmland offers a strategy that is completely separated from his other wealth and investments. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. He never did anything that different from before he got here and what other farmers were doing nearby.". Is this simply a diversification of Gates' massive tech investment portfolio? In January 2021, Bill Gates became the largest owner of farmland in the United States. 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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. Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . Here is the . It will not tell you that Bill Gates is your neighbor. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 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. The United States is defined by the excesses of its ruling class. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag In fact it is so big that it is a little hard to conceptualize. Bill Gates top private farmland owner in US. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. That is a big chunk of land. 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. And we think it will provide good inflation protection in the long run. The project is in its early . 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. Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. Along the Columbia River border between Washington and Oregon, the Gateses purchased 100 Circles Farm, a 14,500-acre plot of land, for $171 million in 2018, according to property and business records. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Dailymail.com Reporter Every Property Bill and Melinda Gates Owned Together | RISMedia\'s His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). And not all the renters are local. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 2,167 acres. In total, Bill and Melinda Gates have acquired land in more than a dozen states. There farmers primarily grow soybeans, rice, corn and cotton. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA His land ownership spans across 19 states. This can be an affordable way to get started with your raw land investments. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. In May, Bill Gates also transferred about $850 million in shares of the agricultural machinery company John Deere to his wife after the two shared publicly their plans to divorce. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Tuesday, the office of the Attorney General sent out a letter asking the Red River Trust to confirm how the company plans to use the land . 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. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. You can also fill out the contact form below if you are interested in buying or selling land. The comments below have not been moderated, By 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. 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. 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Is Bill Gates your farming neighbor? - Farm Progress Many people wonder why Bill Gates would make these moves with his investment portfolio. 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 . Why does Bill Gates own so much farmland? - FoodIndustry.Com Not only is it usable by you, but land can be used for so many different things. 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 [] There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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. 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. We know that one of the best ways to sequester carbon is through the soil. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . 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. Small farmers and Indigenous people are more cautious with the use of land. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. The land we all live on should not be the sole property of a few. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. 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The sale was notable because it added to Gates' farmland holdings which includes large tracts of land in Illinois, Iowa, Louisiana, California, and about a dozen other states. Several Properties in Wellington, Florida: $27.2 Million (Total). Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Inside Bill Gates' $80BILLION property empire - The US Sun The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. 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. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. The billionaire couple, in less than a decade, have accumulated more than 269,000 acres of farmland across 18 states, more than the entire acreage of New York City.