Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Bill Gates owns a lot of American farmland, but not the majority By PHILIP MARCELO May 2, 2022 CLAIM: Microsoft co-founder Bill Gates owns the majority of America's farmland and the investment firm BlackRock holds the majority of single family houses in the country. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. Gates' purchase averaged $12,000 per acre. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. He added: 'In addition, the states oldest winery, Chateau Ste. This can potentially earn you tons of money. In addition, the land is audited to meet sustainability standards including soil health and water management. 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. LITTLE ROCK, Ark. by Harvard Universitys Joint Center for Housing Studies. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. We think we now know. His land ownership spans across 19 states. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. The billionaire media mogul Ted Turner epitomizes such disparities. Dailymail.com Reporter The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. 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. In fact it is so big that it is a little hard to conceptualize. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres But, As of February 2021, Gates has made headlines across the wor. Theres a more cynical calculation. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. 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. While private companies and corporations are increasing . Can you imagine having that much property? In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. 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. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. 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. buying an increasing share of the U.S. housing market. 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. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. But theyre far better known for their work in tech and in trying to save the climate. AP'S ASSESSMENT: False. 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 Case for Bill Gates: Microsoft Corp co-founder is largely considered the biggest private owner of farmland in the U.S. with nearly 270,000 acres. 2,167 acres. 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. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. 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. 5. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. 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. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. The comments below have not been moderated, By 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. 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. He owns significantly more farmland than Minnesota's Offutt family and California's Resnick family, which each own 190,000 acres and rank second equal on the list. 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. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 23:06 GMT 15 Jan 2021 Renewable energy company Savion has an option to buy the property for what . 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. The biggest shift in recent years from small to big farms was in the US. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. *According to figures compiled by The Land Report in 2019. Investors generally are nevertheless buying an increasing share of the U.S. housing market. 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' $13.5 million investment in 2,100 sprawling acres of North Dakota land has raised questions as the purchase coincided with a controversial Chinese company buying 370 acres of. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. 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. Arable land is not just profitable. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. 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. 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 loved familys outdoor adventures so much we started a land business just to help others buy their own land. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. Bill Gates may be trading his pocket protector for cowboy boots. 07:04 GMT 16 Jan 2021. Someone else is owning that asset, whether it's rented equipment or land. Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. 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([[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. Single-family homes are priced between $5-25 million. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. 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. Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. 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 Citizen Kane. And we think it will provide good inflation protection in the long run. The acquisition, however . 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.. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, cofounder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. 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. This means that you can find good deals that may be just the thing you are looking for. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. 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. The price makes this one of the most expensive home sales in this part of California ever. The map shows a 242,000 acre square situated over New York. Brittany has been in the land business since 2020 when the world was starting to shut down. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. The billionaire says he purchased the land because they are not making it anymore.. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. Right? This is part of APs effort to address widely shared misinformation, including work with outside companies and organizations to add factual context to misleading content that is circulating online. 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. There is only a certain amount of land available on earth. That means Gates, whose net worth is estimated at some $134 billion. There farmers primarily grow soybeans, rice, corn and cotton. Media billionaire Ted Turner has also invested in 2 million acres of land (much of it rangeland and prairie, rather than cropland) and earned the distinction of being the largest private owner of buffalo herds that roam the 200,000 acres of his private ranch, The Guardian reported. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. 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The farmland real estate investment trust (REIT) Farmland Partners, which owns 156,500 acres in 16 US states, has seen its traded value more than double since November and is trading near an. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. the latest American Housing Survey by the Census Bureau. He's one of the richest men in the world and the largest individual owner of farmland in the country. 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. That's basically the motivation there. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The agriculture sector is important, he wrote. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. 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. A white man owns more farmland than my entire Native nation! This means that there is not much to maintain on it unless you want to add your own buildings or other property. Bill Gates now owns almost 242,000 acres of the continguous USA. 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. 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. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. That kind of hard work isnt what made him rich. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. 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According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. That land is now largely rented out to various farmers. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. In fact, this also means that you may not even have to apply for a loan to start the investment! Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. 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 uses farmland as investment vehicle, owning 269,000 acres of land. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel.
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