That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. Why aren't they giving more? Why is Bill Gates buying up US farmland? - DW - 04/09/2021 So why did the Land Report dub him Farmer Bill this year? Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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 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.. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. We are no longer accepting comments on this article. The opportunities are virtually endless. Stan Kroenke: Land area: 1.4 million acres. . He now owns more farmland than my entire Native American nation. Dailymail.com Reporter Bill and Melindas main residenceand by far their most impressive homeis a massive compound in Medina, Washington nicknamed 'Xanadu 2.0' in a reference to, Undisclosed Sale Price (Listed for $8.9 Million). | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. Map reveals which billionaire owns largest amount of land in US - and 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 . In this country, enslaved Black labor first built US wealth atop stolen Native land. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. But he didn't, Quarterman said. Bill Gates has secured legal approval for the controversial purchase of thousands of acres of prime North Dakota farmland, after the deal drew fury from the state's residents. 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. 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. 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. Seems like there could be a lot to benefit more of their charities by selling some of this off. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. 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. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Bill Gates wins legal approval to buy huge swath of North Dakota There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. That kind of hard work isnt what made him rich. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. | Photo by Wikimedia Commons . The billionaire media mogul Ted Turner epitomizes such disparities. Bill Gates now the biggest owner of farmland in the US Someone else is owning that asset, whether it's rented equipment or land. Bill and Melinda Gates Own 70,000 Acres of Louisiana Farmland; What An Update on Bill Gates' New Smart City in Arizona | GlobeSt Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? 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. That is a big chunk of land. It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). 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. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. In total, Bill and Melinda Gates have acquired land in more than a dozen states. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). 07:04 GMT 16 Jan 2021. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . There farmers primarily grow soybeans, rice, corn and cotton. Do whatever you want to with the land as the value increases. It will not tell you that Bill Gates is your neighbor. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Why does Bill Gates own so much farmland? - FoodIndustry.Com Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. 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 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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. Marjorie Taylor Greene SHAMES Former . Gates . Weve answered hundreds of questions from people regarding the buying and use of land. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. The gun and the whip may not accompany land acquisitions this time around. Who owns the most land in America? Jeff Bezos and John Malone are among 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. 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. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Many people wonder why Bill Gates would make these moves with his investment portfolio. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. This means that there is not much to maintain on it unless you want to add your own buildings or other property. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Gates is not the only billionaire on The Land Report 's list of top private farmland owners. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. 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. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Bill Gates' Land Ownership. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. The 229-acre property was once home to Jenny Craig, founder of the Jenny Craig nutrition company, and was purchased by the Gates with hopes that it would one day be where their daughter Jennifer could train for her equestrian career. 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. 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 . Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I This can potentially earn you tons of money. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. Bill Gates reveals reasons behind massive farmland purchases Farmers just aren't owning the assets anymore. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. Nick Estes is a citizen of the Lower Brule Sioux Tribe. This means that you can find good deals that may be just the thing you are looking for. APS ASSESSMENT: False. Learn more about fact-checking at AP. Listen to article. Reed family: Land area: 1.7 million acres. And the firm said its very supportive of sustainable farming. Bill Gates owns a lot of American farmland, but not the majority One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. And in Florida, farmers grow carrots on their property. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. While those companies dont explicitly name Cascade Investments as the owner in their public records, they do share the address of Cascade in Kirkland, Washington, or the address of a Cascade subsidiary, list the names of Cascade employees who registered the companies and sometimes even email addresses from the Bill and Melinda Gates Investment Group. BlackRock also does not own the majority of the countrys 80 million single-family homes. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Farmland can be an investment in several ways. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. (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). Bill Gates found to be the largest farmland owner in the U.S - KARK In fact, this also means that you may not even have to apply for a loan to start the investment! Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters 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 . 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. 2021 Land Report: Who owns the most land in the United States? TRENDING: OUCH! If you are unsure where to start, you can also check country tax sales. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. You can email us at contact@askbamland.com. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. That was a virus I got from Ted Turner.. 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. We know that one of the best ways to sequester carbon is through the soil. We've received your submission. Not only is it usable by you, but land can be used for so many different things. This could give you a place to relax or to even build a small vacation home. 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found. He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. 4. Several Properties in Wellington, Florida: $27.2 Million (Total). Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. 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. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Maps Mania: The United Gates of America - Blogger You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. Adjusted for inflation, average farm real estate values have generally risen since 1993, growing from less than $1,500 an acre in the mid-90s to over $3,000 an acre in 2020, according to the USDA. 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. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Why Bill Gates is the largest private farmland owner in the - Vox 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 [] 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.
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