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. 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. 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 acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. You just have to keep it relatively clean, mow it, and pay property taxes. 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. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. There farmers primarily grow soybeans, rice, corn and cotton. 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. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. Inside Bill Gates' $80BILLION property empire - The US Sun Dailymail.com Reporter (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? The January 11 issue of The Land Report is worth reading. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. But he didn't, Quarterman said. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. | Photo by Wikimedia Commons . The Microsoft co-founder faced several claims that he owned a majority of Americas farmland earlier this year. Where Does Bill Gates Own Farmland in the US. Lemmon Holdings, the billionaire spent $80 million to purchase. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Bill Gates, one of the most powerful billionaires in the world and co-founder of tech giant Microsoft, and wife Melinda are ending their 27-year marriage, the two tweeted in unison on Monday. Dailymail.com Reporter, Meet John Malone of Liberty Global the Darth Vader of Wall Street and the man who wants a slice of Formula One, Bill Gates is accused of hypocrisy after joining bidding war to buy the world's largest private jet operator - one month before he releases his book preaching about climate change, Isabel Oakeshott receives 'menacing' message from Matt Hancock, Insane moment river of rocks falls onto Malibu Canyon in CA, Mom who lost both sons to fentanyl blasts laughing Biden, Pavement where disabled woman gestured at cyclist before fatal crash, Pro-Ukrainian drone lands on Russian spy planes exposing location, 'Buster is next!' Every Property Bill and Melinda Gates Owned Together | RISMedia\'s False. The agriculture sector is important, he wrote. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. Listen to article. 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. 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. Gates and his wife own 269,000 acres of farmland. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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. Port: Bill Gates can't buy land in North Dakota? - InForum Why Bill Gates Is Buying Up U.S. Farmland - YouTube Plan for solar farm targets Gates' land - PressReader The Gates family currently [] 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. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. John Malone is the largest private landowner in the United States. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. Is this simply a diversification of Gates' massive tech investment portfolio? Right? 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. Data gathered by The Land Report and NBC News show that their land holdings range from 70,000 acres in north Louisiana, where their farmland grows soybeans, corn, cotton and rice, to 20,000 acres in Nebraska, where farmers grow soybeans. The opportunities are virtually endless. 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' farmland buying spree highlights investment appeal Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Bill Gates is investing big in American farmland | Crosscut Farmland can be an investment in several ways. The opportunities are virtually endless. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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. North Dakotans are outraged as Bill Gates, the largest private farmland He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. And we think it will provide good inflation protection in the long run. Whose land is it anyway? Farmers, billionaires, foreign investors 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. They said farmland has been a popular investment for a long time because of its stability. Map reveals which billionaire owns largest amount of land in US - and 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. In fact it is so big that it is a little hard to conceptualize. 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. The option expires Oct. 31, 2024. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. But that could soon change. This way, the land will remain productive and healthy, while also becoming a money-driving investment. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. Why aren't they giving more? 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. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. 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 farm in Ohio could become giant Savion solar farm The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Do whatever you want to with the land as the value increases. 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. Not only is it usable by you, but land can be used for so many different things. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. That land is now largely rented out to various farmers. 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. Exactly How Much Farm Land Does Bill Gates Own? It's More Than Any The tech mogul, who is the. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. 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. 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 third richest man on the planet doesnt have a green thumb. Bill Gates may be trading his pocket protector for cowboy boots. ', 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.'. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. Bill Gates does not own the majority of U.S. farmland. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. To put that into perspective, thats nearly the size of Hong Kong and twice the acreage of the Lower Brule Sioux Tribe, where Im an enrolled member. But, As of February 2021, Gates has made headlines across the wor. 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 Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. The company also took to Twitter to reject the false narrative. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. It will not tell you that Bill Gates is your neighbor. 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. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Many people wonder why Bill Gates would make these moves with his investment portfolio. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. If you said investment, then you are right. In Nebraska where he owns 20,000 acres, it is used for soybeans. Bill Gates wins legal approval to buy huge swath of North Dakota 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. Billionaire owns 38-square miles of farmland in Illinois. He also purchased the 800-acre Bridlewood Farms in Florida. Starting in 2012, Gates investment firm began buying family farms in South Georgia. 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. Single-family homes are priced between $5-25 million. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. Bill Gates is now America's biggest farmer - The Telegraph Bill Gates' Land Ownership. Bill Gates tells Reddit why he's bought so much farmland - AFN 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 and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. Bill Gates found to be the largest farmland owner in the U.S - KARK 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. Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. Bill Gates is betting big on US farmland - should you? That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. 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. Farmer Bill. Members of the Stanley family now work for Generations. 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,. 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. 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. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. BlackRock also does not own the majority of the countrys 80 million single-family homes. You can read more about us, here. We know that one of the best ways to sequester carbon is through the soil. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. 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 land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Bill Gates has never been a farmer. 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. It was the highest priced land sale in the US that year. 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.
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