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Which is where the Bill Gates' Land Ownership interactive map comes in. 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. They accounted for almost 1% of the agricultural land in the United States. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . And in Florida, farmers grow carrots on their property. 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 secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . But they're just renting it. Not only is it usable by you, but land can be used for so many different things. 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. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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 and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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 [] Land will likely never be a bad investment, as long as the land is healthy and properly located. These shell companies have made it difficult to find out where and how much farmland the Gateses own even for local farmers, like John S. Quarterman, a farmer and landowner who grows okra, corn, squash and other vegetables in Lowndes County on the southern edge of Georgia. The January 11 issue of The Land Report is worth reading. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. That was a virus I got from Ted Turner.. This number stems from last year's edition of . 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. 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. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Bill Gates' Land Ownership. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. Renewable energy company Savion has an option to buy the property for what . Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Lemmon Holdings, the billionaire spent $80 million to purchase. This way, the land will remain productive and healthy, while also becoming a money-driving investment. As more and more land becomes developed, less and less raw land is available, which potentially increases the value as demand remains the same or even increases. If youre looking at what this means for farmers on the ground looking to access land, theres significant competition from nonfarmers, and that really affects young farmers because it means that the price that theyre trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income, Rippon-Butler said. 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. In this country, enslaved Black labor first built US wealth atop stolen Native land. 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. 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. While the Gates own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-4','ezslot_3',103,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-4-0'); This article will go into detail about how much land Bill Gates owns and why he owns so much. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. 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 agriculture sector is important, he wrote. You can also look at local resources in your area to see where land is being bought or sold. BlackRock also does not own the majority of the countrys 80 million single-family homes. Dailymail.com Reporter In six years that number has more than doubled. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Why aren't they giving more? ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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. 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. 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 . But theyre far better known for their work in tech and in trying to save the climate. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. Cascade declined to comment on its specific land holdings. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. By 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. 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. Several Properties in Wellington, Florida: $27.2 Million (Total). 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. . Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. 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. He's one of the richest men in the world and the largest individual owner of farmland in the country. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? , updated 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. 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. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Mansion in Rancho Santa Fe, California: $18 Million. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Where Does Bill Gates Own Farmland in the US. 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. 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. 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. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. from February that showed there were more than 895 million total acres of farmland in the country last year. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. 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 now owns more farmland than my entire Native American nation. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Bill Gates: America's Top Farmland Owner | The Land Report. An NBC News analysis also identified Gates as the largest farmland owner in the US. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. 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). That's basically the motivation there. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. The outlet reported this week that Gates, 65, owns 268,984 acres of. *According to figures compiled by The Land Report in 2019. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. In Nebraska where he owns 20,000 acres, it is used for soybeans. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Reed family: Land area: 1.7 million acres. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Right? A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. And the firm said its very supportive of sustainable farming. 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. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. While he owns nearly half of the Four Season Holding's hotel chain through Cascade, he also has partial ownership of Charles Hotel in Cambridge, Massachusetts. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report 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. 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. 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. THE FACTS: As Elon Musks bid to purchase Twitter 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. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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 . That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. In fact it is so big that it is a little hard to conceptualize. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. 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 currently owns over 268,000 acres of American farmland spread out over 19 states. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. In fact, this also means that you may not even have to apply for a loan to start the investment!