bill gates land ownership map

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. While private companies and corporations are increasing . Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. 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. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. In fact, he reportedly owns more farmland than any other individual in America. 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. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 23:06 GMT 15 Jan 2021 Apparently Bill Gates now owns almost 242,000 acres of land in the United States. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. 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. Bill Gates found to be the largest farmland owner in the U.S - KARK TRENDING: OUCH! 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 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. Bill Gates Is The Largest Owner Of Farmland In The US - Nation Bill Gates is now the largest private landowner in the country. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. 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 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. The price makes this one of the most expensive home sales in this part of California ever. A white man owns more farmland than my entire Native nation! A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. 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. The potential is endless. Bill Gates' farmland buying spree highlights investment appeal 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. Bill Gates shoots down rumored Chinese link to N.D. farmland 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. Bill Gates' Land Ownership. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming.'. Who owns the most land in America? Jeff Bezos and John Malone are among Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. The biggest shift in recent years from small to big farms was in the US. 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. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Estate in Indian Wells, California: $12.5 Million. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Can you imagine having that much property? In this country, enslaved Black labor first built US wealth atop stolen Native land. 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. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. 4. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. Gates has been buying land like its going out of style. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Bill Gates is the largest farmland owner in America: report - New York Post 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(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. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. Bill Gates farm in Ohio could become giant Savion solar farm Plan for solar farm targets Gates' land - PressReader 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.. How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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 and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. 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. So why did the Land Report, Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance. . The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. Reed family: Land area: 1.7 million acres. Whose land is it anyway? Farmers, billionaires, foreign investors Seems like there could be a lot to benefit more of their charities by selling some of this off. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. The gun and the whip may not accompany land acquisitions this time around. This can be an affordable way to get started with your raw land investments. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. This is where a country sells land when the owner becomes delinquent on their property taxes. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. That land is now largely rented out to various farmers. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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. 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. One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. Several Properties in Wellington, Florida: $27.2 Million (Total). 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. And the firm said its very supportive of sustainable farming. When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. The third richest man on the planet doesnt have a green thumb. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I 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'. 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 . How much property does Bill Gates own? - Housing News North Dakotans are outraged as Bill Gates, the largest private farmland The project is in its early . That kind of hard work isnt what made him rich. In six years that number has more than doubled. | Photo by Wikimedia Commons . 2,167 acres. *According to figures compiled by The Land Report in 2019. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found. After all, few can out-bid Bill Gates. Bill Gates has never been a farmer. 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. 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. 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. Billionaire owns 38-square miles of farmland in Illinois. The opportunities are virtually endless. The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Bill Gates now the biggest owner of farmland in the US 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. from February that showed there were more than 895 million total acres of farmland in the country last year. Listen to article. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. Renewable energy company Savion has an option to buy the property for what is being called Oak Run Solar Project, according to Madison County property records. This way, the land will remain productive and healthy, while also becoming a money-driving investment. There farmers primarily grow soybeans, rice, corn and cotton. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. 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. 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. 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. False. The opportunities are virtually endless. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Small farmers and Indigenous people are more cautious with the use of land. This can potentially earn you tons of money. 07:04 GMT 16 Jan 2021. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. 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. The tech mogul, who is the. In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. 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. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. The comments below have not been moderated, By The billionaire media mogul Ted Turner epitomizes such disparities. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. That means Gates, whose net worth is estimated at some $134 billion. Bill Gates Land Grab - YouTube 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. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. 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. 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. That's basically the motivation there. Bill and Melinda Gates' divorce puts massive farmland holdings in focus The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. In fact, this also means that you may not even have to apply for a loan to start the investment! Single-family homes are priced between $5-25 million. The 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. Fact Check-Bill Gates doesn't own most U.S. farmland - Reuters Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. 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. 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. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. Arable land is not just profitable. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. 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. 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. 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. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart 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. His land ownership spans across 19 states. 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. 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. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. We know that one of the best ways to sequester carbon is through the soil. The 229-acre property was once home to Jenny Craig, founder of the Jenny Craig nutrition company, and was purchased by the Gates with hopes that it would one day be where their daughter Jennifer could train for her equestrian career.

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