Not only is it usable by you, but land can be used for so many different things. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. 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. Many people wonder why Bill Gates would make these moves with his investment portfolio. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Our inventory spans five western states. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. John Malone is the largest private landowner in the United States. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. In an interview with CNBC, Malone said that his biggest motivation for purchasing land was preservation and he said he hopes to buy more. As the population grows in large cities, some people will inevitably want to move to the country. In addition, the land is audited to meet sustainability standards including soil health and water management. | Photo by Wikimedia Commons . Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. 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. It also offers proven return rates. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. That is a big chunk of land. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. 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. Investors generally are nevertheless buying an increasing share of the U.S. housing market. In total, Bill and Melinda Gates have acquired land in more than a dozen states. In January 2021, Bill Gates became the largest owner of farmland in the United States. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. So why did the Land Report dub him Farmer Bill this year? Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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 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. Gates . Can you imagine having that much property? Gates is now America's largest private farmland owner, with hundreds of thousands of acres spanning across 19 U.S. states, according to the Land Report. Last year, Cascade Investment made a second major investment in Arizona by acquiring more than 2,800 acres known as Spurlock Ranch in Buckeye for $25 million, that could be built out to include 8,500 homes. 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. Bill Gates may no longer be the world's richest man, but he can claim a new title: America's farmland king. The opportunities are virtually endless. Single-family homes are priced between $5-25 million. 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. 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. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. After all, few can out-bid Bill Gates. 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. False. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. The billionaire says he purchased the land because they are not making it anymore.. More surprising, however, was the fact that Bill and Melinda Gates own more private 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. Gates has been buying land like its going out of style. 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. 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. 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. 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. Farmland can be an investment in several ways. 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, 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. Which is where the Bill Gates' Land Ownership interactive map comes in. Learn more about fact-checking at AP. 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. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. 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 Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. Bill Gates has never been a farmer. If you are unsure where to start, you can also check country tax sales. And the firm said its very supportive of sustainable farming. 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). 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. 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. *According to figures compiled by The Land Report in 2019. Beach House in Del Mar, California: $43 Million. 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. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. The outlet reported this week that Gates, 65, owns 268,984 acres of. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. The comments below have not been moderated, By Gates' purchase averaged $12,000 per acre. Starting in 2012, Gates investment firm began buying family farms in South Georgia. Lemmon Holdings, the billionaire spent $80 million to purchase. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. America's leading landowners added hundreds of thousands of acres to their holdings last year. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. The land we all live on should not be the sole property of a few. The biggest shift in recent years from small to big farms was in the US. This way, the land will remain productive and healthy, while also becoming a money-driving investment. On Friday, a showdown between two of the largest agricultural landowners in the United Statesthe Church of Latter-Day Saints and Bill Gates ' wealth management firmcame . 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. 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. It will not tell you that Bill Gates is your neighbor. - 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. 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. The Gates family currently [] 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. However, his largest land holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), Nebraska (20,588 acres . The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. So what is this guy planning? 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. You may also be interested in why a billionaire wants land. , updated 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." These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 5. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonalds. An NBC News analysis also identified Gates as the largest farmland owner in the US. A white man owns more farmland than my entire Native nation! Gates' achievement, according to the report, is that he's largest private owner of farmland in the US. 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 . The average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. Bill Gates has secured legal approval for his North Dakota farmland purchase But the deal drew scrutiny under a 1932 anti-corporate farm ownership law Now state AG says the deal is legal, because . Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. AP'S ASSESSMENT: False. Apparently Bill Gates now owns almost 242,000 acres of land in the United States. 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. The private residential area is home to numerous A-list celebrity couples including Justin Timberlake and Jessica Biel. 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. You can email us at contact@askbamland.com. Several Properties in Wellington, Florida: $27.2 Million (Total). You just have to keep it relatively clean, mow it, and pay property taxes. He also purchased the 800-acre Bridlewood Farms in Florida. Here is the . It was the highest priced land sale in the US that year. Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. 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. In fact it is so big that it is a little hard to conceptualize. 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, Undisclosed Sale Price (Listed for $8.9 Million). 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. The opportunities are virtually endless. 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. of the richest people in the country, owns less than one percent of the nations total farmland. . That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. 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 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 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. But why do a handful of people own so much land? 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 . 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. (Matt Odom / for NBC News), Image: John Quarterman (Matt Odom / for NBC News), Image: Philanthropist and co-founder of Microsoft, Bill Gates and his wife Melinda listen to the speech by French President Francois Hollande, prior to being awarded Commanders of the Legion of Honor at the Elysee Palace in Paris (Kamil Zihnioglu / Pool via Reuters), American businessman and philanthropist (born 1955). Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. 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. 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. Farmer Bill. And in Florida, farmers grow carrots on their property. 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. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! He's one of the richest men in the world and the largest individual owner of farmland in the country. But that could soon change. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. 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. 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. 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. 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. That kind of hard work isnt what made him rich. It also is a shareholder in the plant-based protein companies Beyond Meat and Impossible Foods as well as the farming equipment manufacturer John Deere. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In fact, this also means that you may not even have to apply for a loan to start the investment! LITTLE ROCK, Ark. While private companies and corporations are increasing . 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. There . The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Weve answered hundreds of questions from people regarding the buying and use of land. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. This can potentially earn you tons of money. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. But, As of February 2021, Gates has made headlines across the wor. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. APS ASSESSMENT: False. 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. aries personality male,

How To Visit Pearl Harbor On Your Own, Pipeline Abbreviations, Field Club Membership Fees, Which Is A Common Limitation Of Screening Measures?, Ventura County Jail Recent Arrests, Articles B