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These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. In fact, he reportedly owns more farmland than any other individual in America. 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. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. 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. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The billionaire Microsoft co-founder has become the largest owner of farmland in the. Bill Gates acquired six parcels of land in Pembina County. This means that there is not much to maintain on it unless you want to add your own buildings or other property. 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. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. Renewable energy company Savion has an option to buy the property for what . The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. Where Does Bill Gates Own Farmland in the US. That is a big chunk of land. 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. 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. 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. Cascade declined to comment on its specific land holdings. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. 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. 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). FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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). 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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. 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. Starting in 2012, Gates investment firm began buying family farms in South Georgia. APS ASSESSMENT: False. LITTLE ROCK, Ark. Through his subsidiary Mt. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. Listen to article. 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. 07:04 GMT 16 Jan 2021. 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. Arable land is not just profitable. . But those working on projects with both investors and farmers to create ecologically sustainable farming methods and support diverse and disadvantaged farming communities say rethinking agriculture and working to avert a climate crisis go hand in hand. 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. The Gates family currently [] 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. 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. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. 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.'. 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. A Grimmway Farms employee moves a water pipe at one of their carrot farms in the Antelope Valley near Lancaster, Calif., in 2004. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. 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. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. In total, Bill and Melinda Gates have acquired land in more than a dozen states. 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. Raw land is not developed. Theres a more cynical calculation. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. This is where a country sells land when the owner becomes delinquent on their property taxes. The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. 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. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Not only is it usable by you, but land can be used for so many different things. Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. 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. They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . Single-family homes are priced between $5-25 million. In this country, enslaved Black labor first built US wealth atop stolen Native land. , an annual survey of the nations largest landowners. In Nebraska where he owns 20,000 acres, it is used for soybeans. 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. The potential is endless. from February that showed there were more than 895 million total acres of farmland in the country last year. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. Gates has been buying land like its going out of style. The largest. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. Bill Gates may be trading his pocket protector for cowboy boots. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. | Photo by Wikimedia Commons . And Bill Gates new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a global green revolution to help poor farmers mitigate climate change. Reed family: Land area: 1.7 million acres. Bill Gates' Land Ownership. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. 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. Land will likely never be a bad investment, as long as the land is healthy and properly located. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. 4 Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Can You Build A Wedding Venue On Residential Land? According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . 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. 5. Bill Gates top private farmland owner in US. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. So what is this guy planning? 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. After all, few can out-bid Bill Gates. 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. AP'S ASSESSMENT: False. And in Florida, farmers grow carrots on their property. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. That kind of hard work isnt what made him rich. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . This will always be true, no matter where the land is. Farmland offers a strategy that is completely separated from his other wealth and investments. Like other investment opportunities, you can find land for sale online. Bill Gates is now the largest private landowner in the country. In six years that number has more than doubled. 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. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. 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 1862 Homestead Act opened up 270m acres of Indigenous territory which amounts to 10% of US land for white settlement. 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. 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Buffalo Bill Cody's Ranch in Cody, Wyoming: Undisclosed Sale Price (Listed for $8.9 Million). Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. They said farmland has been a popular investment for a long time because of its stability. 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. Right? ', 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.'.