Someone else is owning that asset, whether it's rented equipment or land. 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. But he didn't, Quarterman said. My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. 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. 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). If you are unsure where to start, you can also check country tax sales. Bill Gates acquired six parcels of land in Pembina County. the latest American Housing Survey by the Census Bureau. The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. 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. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Bill Gates top private farmland owner in US. 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. 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. This map shows that area as a rectangle that can be dragged. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. U.S. Census Bureau data shows fewer than 20% of such properties are rentals, and the vast majority of those are owned by individual investors, not institutional investors like BlackRock. It makes no sense.. This way, the land will remain productive and healthy, while also becoming a money-driving investment. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. It also offers proven return rates. That means Gates, whose net worth is estimated at some $134 billion. It will not tell you that Bill Gates is your neighbor. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. 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. Nick Estes is a citizen of the Lower Brule Sioux Tribe. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Reed family: Land area: 1.7 million acres. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. 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 . The potential is endless. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. Bill Gates' Land Ownership. 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. You can read more about us, here. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-leader-1','ezslot_8',107,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-leader-1-0'); Even if you buy the land with the purpose of selling it at a later time when the area undergoes more development, you can still use the land in the meantime. 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. But Gates, known for his philanthropic work solving some of the worlds most pressing public health and climate problems, has suggested that he does not treat his American farmland investments as part of his broader plans to save the planet. 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. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. The project is in its early . In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. 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 . You may have heard that Bill Gates owns a lot of land, but you may not know how much. They said farmland has been a popular investment for a long time because of its stability. 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. He owns 2m acres and has the worlds largest privately owned buffalo herd. John Malone is the largest private landowner in the United States. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. 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. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. 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. After all, few can out-bid Bill Gates. In fact it is so big that it is a little hard to conceptualize. 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. 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. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. They add it will take those with large parcels of land, like the Gateses U.S. farmland holdings, to do it. 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. 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. 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. His first major purchase was Bell Ranch in New Mexico, a 290,100-acre plain saturated with mesas, rimrock canyons, pastures and a bell-shaped mountain. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. 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. America's leading landowners added hundreds of thousands of acres to their holdings last year. That is a big chunk of land. 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. 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. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. You may also be interested in why a billionaire wants land. The largest. Bill Gates now owns almost 242,000 acres of the continguous USA. 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. 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. 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. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. In January 2021, Bill Gates became the largest owner of farmland in the United States. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. He now owns more farmland than my entire Native American nation. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. The Microsoft co-founder is considered the largest private owner of farmland in the country with some 269,000 acres across dozens of states, according to last years edition of. 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. 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. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. 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. Here is the . It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. 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 land is now largely rented out to various farmers. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. Gates' purchase averaged $12,000 per acre. 4. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. 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. Thanks for contacting us. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. In total, Bill and Melinda Gates have acquired land in more than a dozen states. 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.. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. - 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. 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. 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. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. 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. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Do whatever you want to with the land as the value increases. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. 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 outlet reported this week that Gates, 65, owns 268,984 acres of. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. If you said investment, then you are right. That was a virus I got from Ted Turner.. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. This means that you can find good deals that may be just the thing you are looking for. 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. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.His 242,000 acres of farmland stretch across 18 states Bill Gates owns farmland in 18 states . 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. Gates-affiliated ownership covers vast swaths of farm and timberland, estimated to be 69,071 acres in all by niche land ownership publication The Land Repor t. Across the nation, Gates'. 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. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. In addition, the land is audited to meet sustainability standards including soil health and water management. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. The gun and the whip may not accompany land acquisitions this time around. And we think it will provide good inflation protection in the long run. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. 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 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. Bill Gates, the fourth richest person in the world, currently owns 242,000 acres of farmland, making him the top private farmland owner in America, according to Forbes. 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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. 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. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . This can potentially earn you tons of money. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. The option expires Oct. 31, 2024. 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. TRENDING: OUCH! Right? 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. Gates has been buying land like its going out of style. The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. That's basically the motivation there. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. 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. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. And the firm said its very supportive of sustainable farming. The land we all live on should not be the sole property of a few. 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. The comments below have not been moderated, By 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. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. Land will likely never be a bad investment, as long as the land is healthy and properly located. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king.
bill gates land ownership map
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