bill gates land ownership map
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. Learn more about fact-checking at AP. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. 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. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. Weve answered hundreds of questions from people regarding the buying and use of land. Not only is it usable by you, but land can be used for so many different things. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial 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. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. You can read more about us, here. You just have to keep it relatively clean, mow it, and pay property taxes. 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. Cascade Investments declined to comment on its interest in acquiring so much American farmland, but a spokesperson for the firm, Charles V. Zehren said it is very supportive of sustainable farming. He pointed out that in 2020, the acreage that Bill Gates firm owns was all enrolled in a sustainability program. It makes no sense.. "The agriculture sector is important. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. America's leading landowners added hundreds of thousands of acres to their holdings last year. In fact, he reportedly owns more farmland than any other individual in America. 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. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. 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. In Nebraska where he owns 20,000 acres, it is used for soybeans. 2,167 acres. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. This map shows that area as a rectangle that can be dragged. That is a big chunk of land. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. 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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. 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. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. They said farmland has been a popular investment for a long time because of its stability. Farmland can be an investment in several ways. 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. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Bill Gates: America's Top Farmland Owner | The Land Report. There is only a certain amount of land available on earth. John Malone is the largest private landowner in the United States. Through his subsidiary Mt. . APS ASSESSMENT: False. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. 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. | 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. Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Farmland offers a strategy that is completely separated from his other wealth and investments. His land ownership spans across 19 states. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Reed family: Land area: 1.7 million acres. They accounted for almost 1% of the agricultural land in the United States. 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. 4 And while Bill Gates frets about eating cheeseburgers in his book for the amount of greenhouse gases the meat industry produces largely for the consumption of rich countries his massive carbon footprint has little to do with his personal diet and is not forgivable by simply buying more land to sequester more carbon. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Bill Gates has never been a farmer. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 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. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. He's one of the richest men in the world and the largest individual owner of farmland in the country. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. 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 [] 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. This can potentially earn you tons of money. In this country, enslaved Black labor first built US wealth atop stolen Native land. If the land is owned by the Cascade Investment Group or Cottonwood Ag Management it is likely that Bill Gates may be one of your neighbors. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. It was the highest priced land sale in the US that year. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. This can be an affordable way to get started with your raw land investments. We would love to talk to you! The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. A white man owns more farmland than my entire Native nation! Farmers just aren't owning the assets anymore. 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. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. 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.. 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. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. 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. 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. 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. Theres a more cynical calculation. Bill Gates top private farmland owner in US. The tech mogul, who is the. Here is the . Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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.'. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. This will always be true, no matter where the land is. 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. 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