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.. 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. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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. Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Bill Gates: America's Top Farmland Owner | The Land Report. 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. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. It was the highest priced land sale in the US that year. Where Does Bill Gates Own Farmland in the US. 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. 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. 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. 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. 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. What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. The billionaire couple, in less than a. After all, few can out-bid Bill Gates. 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. 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 owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. The billionaire Microsoft co-founder has become the largest owner of farmland in the. 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. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. 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. 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!' He is the author of the book Our History Is the Future: Standing Rock Versus the Dakota Access Pipeline, and the Long Tradition of Indigenous Resistance (Verso, 2019), In a pandemic, billionaires are richer than ever. Gates has been buying land like its going out of style. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. In total, Malone owns roughly 2.2million acres of land and has a net worth of around $9.22billion, earning him the nickname the Cable Cowboy.. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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. 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. 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 . 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. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. The LandReport, a magazine that provides news and insight on America's landowners, recently estimated that Microsoft founder Bill Gates is the largest farmland owner in the U.S., owning about 242,000 acres. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Bill Gates does not own the majority of U.S. farmland. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . You can also fill out the contact form below if you are interested in buying or selling land. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. These purchases are also a direct result of their daughters equestrian career hopes because of Wellingtons close proximity to the Palm Beach International Equestrian Center. Bill Gates' Land Ownership. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. Although the sale price has never been made public, the 492-acre home was listed for $8.9 millionand we cant imagine Bill and Melinda doing much haggling. . Reed family: Land area: 1.7 million acres. The opportunities are virtually endless. 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 firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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. This means that you can find good deals that may be just the thing you are looking for. 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. 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. Raw land is not developed. , updated This can be an affordable way to get started with your raw land investments. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. This means that there is not much to maintain on it unless you want to add your own buildings or other property. 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. 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. 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.