This can be an affordable way to get started with your raw land investments. 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. That was a virus I got from Ted Turner.. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-leaderboard-2','ezslot_5',106,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-leaderboard-2-0'); While farmland, and land in general, will undergo economic factors and changes to demand, it is very likely to increase in value as the years roll by. Lemmon Holdings, the billionaire spent $80 million to purchase. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. The comments below have not been moderated, By
He owns 2m acres and has the worlds largest privately owned buffalo herd. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Thanks for contacting us. It will not tell you that Bill Gates is your neighbor. 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. 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. 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. 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. , updated His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. That kind of hard work isnt what made him rich. 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. Investors generally are nevertheless buying an increasing share of the U.S. housing market. Marjorie Taylor Greene SHAMES Former . There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. While private companies and corporations are increasing . But theyre far better known for their work in tech and in trying to save the climate. We think we now know. An NBC News analysis also identified Gates as the largest farmland owner in the US. Our inventory spans five western states. Bill Gates: America's Top Farmland Owner | The Land Report. "The agriculture sector is important. Today, Bill Gates owns 242,000 acres of farmland in 19 states. As more and more land gets developed, if you own land that is in the path of the plan, you could have buyers offering you big money to take hold of the property. You can also look at local resources in your area to see where land is being bought or sold. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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 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. The company also took to Twitter to reject the false narrative. 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. We've received your submission. 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. 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. 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.
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. Not only is it usable by you, but land can be used for so many different things. 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. 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. Arable land is not just profitable. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Which is where the Bill Gates' Land Ownership interactive map comes in. Stan Kroenke: Land area: 1.4 million acres. But he didn't, Quarterman said. 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 value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . We would love to talk to you! 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. That land is now largely rented out to various farmers. By
Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 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. 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. And we think it will provide good inflation protection in the long run. Estate in Indian Wells, California: $12.5 Million. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. 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. Do whatever you want to with the land as the value increases. 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 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. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. 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 the Land Report 100, an annual survey of the nations largest landowners. 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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. There . Can you imagine having that much property? Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. 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. 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. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. So why did the Land Report dub him Farmer Bill this year? 5. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 4. 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 Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. Mansion in Rancho Santa Fe, California: $18 Million. The conservation of lands is important, he said. 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. 4 This way, the land will remain productive and healthy, while also becoming a money-driving investment. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after 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.'. This number stems from last year's edition of . He added: 'In addition, the states oldest winery, Chateau Ste. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. That is a big chunk of land. Beach House in Del Mar, California: $43 Million. Farmland can be an investment in several ways. This could give you a place to relax or to even build a small vacation home. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. When Bill Gates, or whatever other investment arm owns the land, a farmer still needs to farm it. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. The opportunities are virtually endless. Bill Gates acquired six parcels of land in Pembina County. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. He now owns more farmland than my entire Native American nation. 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. We are no longer accepting comments on this article. In Nebraska where he owns 20,000 acres, it is used for soybeans. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says. 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. 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. Bill Gates has never been a farmer.
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