CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Gates diversified his investment portfolio through land ownership, but why? Brittany has been in the land business since 2020 when the world was starting to shut down. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. That means Gates, whose net worth is estimated at some $134 billion. 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. Stan Kroenke: Land area: 1.4 million acres. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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. 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). This means that you can find good deals that may be just the thing you are looking for. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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 . 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. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. Thanks for contacting us.
Bill and Melinda Gates' divorce puts massive farmland holdings in focus The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Farmland offers a strategy that is completely separated from his other wealth and investments. We've received your submission. 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. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. 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. 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. 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 tech mogul, who is the. 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. 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. | Photo by Wikimedia Commons . But he didn't, Quarterman said. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. If you said investment, then you are right. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. 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. And in Florida, farmers grow carrots on their property. 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. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions.
Bill Gates Is America's Largest Private Owner of Farmland - Breitbart NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. 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. 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. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism.
Bill Gates shoots down rumored Chinese link to N.D. farmland So what is this guy planning? In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. We know that one of the best ways to sequester carbon is through the soil. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. 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. Farmers just aren't owning the assets anymore.
Inside Bill Gates' $80BILLION property empire - The US Sun 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. The biggest shift in recent years from small to big farms was in the US. 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. In total, Bill and Melinda Gates have acquired land in more than a dozen states. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines.
How Much Land Does Bill Gates Own? | askBAMLand That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . The billionaire media mogul Ted Turner epitomizes such disparities. You can also look at local resources in your area to see where land is being bought or sold. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. AP'S ASSESSMENT: False. APS ASSESSMENT: False. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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. Members of the Stanley family now work for Generations. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and .
If not for climate, then why is Bill Gates buying so much farmland? Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. Where Does Bill Gates Own Farmland in the US. 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. 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. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. We would love to talk to you! Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. You can email us at contact@askbamland.com. Starting in 2012, Gates investment firm began buying family farms in South Georgia.
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.
Billionaire owns 38-square miles of farmland in Illinois. Bill Gates farm in Ohio could become giant Savion solar farm 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. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it.
Bill Gates now the biggest owner of farmland in the US That was a virus I got from Ted Turner.. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. 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 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. 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. 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. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. Gates and his wife own 269,000 acres of farmland. 5. Several Properties in Wellington, Florida: $27.2 Million (Total). In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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. Gates has been buying land like its going out of style.
Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR Bill Gates tells Reddit why he's bought so much farmland - AFN The principal danger of private farmland owners like Bill Gates is not their professed support of sustainable agriculture often found in philanthropic work its the monopolistic role they play in determining our food systems and land use patterns. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional.
Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com In addition, the land is audited to meet sustainability standards including soil health and water management. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. This map shows that area as a rectangle that can be dragged. 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. The United States is defined by the excesses of its ruling class.
You may also be interested in why a billionaire wants land. As the population grows in large cities, some people will inevitably want to move to the country. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Beach House in Del Mar, California: $43 Million. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face.
Is Bill Gates your farming neighbor? - Farm Progress than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. buying an increasing share of the U.S. housing market. When Quarterman first heard about Gates firm buying land in the area, he began digging through local property records, linking addresses and business records from registered owners to Kirkland-based companies, until he was able to piece together that the companies buying multiple tracts of land in the Suwannee River Basin were all a shell of a shell of a shell company investing for Bill Gates. NBC News independently confirmed that there were, in fact, shell companies tracing back to Gates firm that purchased 6,021 acres across four counties in Georgia. Dailymail.com Reporter
Nick Estes is a citizen of the Lower Brule Sioux Tribe. He is an assistant professor in the American studies department at the University of New Mexico. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Learn more about fact-checking at AP.
Ag Briefs: Bill Gates top private farmland owner in U.S. | 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. 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. Bill Gates is now the largest private landowner in the country. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. Black, Mexican, Asian, and Native people, of course, were categorically excluded from the benefits of a federal program that subsidized and protected generations of white wealth.
McDonald's french fries, carrots, onions: all of the foods that come The map shows a 242,000 acre square situated over New York. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. After all, few can out-bid Bill Gates.
Bill Gates is the largest farmland owner in America: report - New York Post Hes the landlord, or rather, the companies owned by his investment firm are the landlords. 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.