He's one of the richest men in the world and the largest individual owner of farmland in the country. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. 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. And not all the renters are local. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. This can be an affordable way to get started with your raw land investments. 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 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. Farmers just aren't owning the assets anymore. This could give you a place to relax or to even build a small vacation home. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. False. Now in its 15th edition, this landmark study tracks the diverse array of farmers, ranchers, forest owners, entrepreneurs, and investors who own at a minimum 243.75 square miles. Bill Gates top private farmland owner in US. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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 price makes this one of the most expensive home sales in this part of California ever. 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. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. | Photo by Wikimedia Commons . The land that Gates owns is located in several states and consists primarily of commercial farmland. John Malone is the largest private landowner in the United States. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. 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. 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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.. The project is in its early . 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. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. So why did the Land Report dub him Farmer Bill this year? America's leading landowners added hundreds of thousands of acres to their holdings last year. This can potentially earn you tons of money. 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 [] Raw land is not developed. Not only is it usable by you, but land can be used for so many different things. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. 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. He backed Impossible Foods, which relies on genetically modified soybeans, and also held shares of Beyond Meat through the Bill and Melinda Gates Foundation Trust, though SEC filings show those shares were sold in 2019. 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. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. We've received your submission. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. In six years that number has more than doubled. 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 . 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. Bill Gates' Land Ownership. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. You may also be interested in why a billionaire wants land. *According to figures compiled by The Land Report in 2019. 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 agriculture sector is important, he wrote. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. The company also took to Twitter to reject the false narrative. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Thanks for contacting us. If you said investment, then you are right. 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. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. A white man owns more farmland than my entire Native nation! While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. While private companies and corporations are increasing . The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. Our inventory spans five western states. 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. That is a big chunk of land. He owns 2m acres and has the worlds largest privately owned buffalo herd. 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. 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. 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. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Right? BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. Seems like there could be a lot to benefit more of their charities by selling some of this off. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. LITTLE ROCK, Ark. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. And we think it will provide good inflation protection in the long run. Gates' purchase averaged $12,000 per acre. 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. 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. Bill Gates may be trading his pocket protector for cowboy boots. 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. Beach House in Del Mar, California: $43 Million. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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 . Hes the landlord, or rather, the companies owned by his investment firm are the landlords.

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