Now Bill Gates appears to have acquired a slice of their tiny city, and locals near. NBC News also found that another 6,500 acres in north Florida are owned by yet another company, Suwannee River Terra, which was also started with an address in Kirkland and an email address from the Bill and Melinda Gates Investment Firm, which is now registered to the current chief counsel of Oak River Farms with a mailing address in Kansas, according to property records. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. Cascade declined to comment on its specific land holdings. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . We would love to talk to you! And that its going to take big swaths of land, like what Bill Gates has taken, to do that, said Konda Mason, the founder and president of Jubilee Justice and Potlikker Capital, which funds and supports regenerative agriculture projects owned by people of color. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. Is this simply a diversification of Gates' massive tech investment portfolio? jwz: Bill Gates' Land Ownership As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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 . 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 Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland . And in Florida, farmers grow carrots on their property. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. Bill Gates' 242,000 Acres of Farmland Could Be Split in Divorce America's leading landowners added hundreds of thousands of acres to their holdings last year. from February that showed there were more than 895 million total acres of farmland in the country last year. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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.. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. Our inventory spans mostly in the western United States. Members of the Stanley family now work for Generations. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. Ag Briefs: Bill Gates top private farmland owner in U.S. Renewable energy company Savion has an option to buy the property for what . Gates and his wife own 269,000 acres of farmland. Several Properties in Wellington, Florida: $27.2 Million (Total). 5. 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. In fact it is so big that it is a little hard to conceptualize. An NBC News analysis also identified Gates as the largest farmland owner in the US. 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. This will always be true, no matter where the land is. Estate in Indian Wells, California: $12.5 Million. Lemmon Holdings, the billionaire spent $80 million to purchase. 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. Gates and his investment team own more than 240,000 acres, as reported by O'Keefe, including 2,167 acres in Michigan. 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. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. 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. Bill Gates is now America's biggest farmer - The Telegraph 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 investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. 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. You can also look at local resources in your area to see where land is being bought or sold. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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 billionaire couple, in less than a. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. 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. (Ruth Fremson/The New York Times) (Ruth Fremson / The New York Times via Redux Pictures), John Quarterman on his farm in Lowndes County, Ga. (Matt Odom / for NBC News), John Quarterman stands by the Withlacoochee River. 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. In six years that number has more than doubled. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. All that farming has led to large water withdrawals from Florida's aquifer system and requires fertilizer, which leaches through the ground into waterways, emptying nitrogen that has led to destructive algae blooms and severe loss of fish and marsh habitats. The conservation of lands is important, he said. 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. The outlet reported this week that Gates, 65, owns 268,984 acres of. This number stems from last year's edition of . retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. BlackRock also does not own the majority of the countrys 80 million single-family homes. The worlds richest 1% emit double the carbon of the poorest 50%, an 2020 Oxfam study found. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. Bill Gates shoots down rumored Chinese link to N.D. farmland 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. 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. 23:06 GMT 15 Jan 2021 Malone also has 25% shares in Liberty Global, the largest international cable company with just under 30million subscribers, and owns 8% of the Atlanta Braves baseball team. This map shows that area as a rectangle that can be dragged. 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. An Update on Bill Gates' New Smart City in Arizona | GlobeSt 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. Is Bill Gates your farming neighbor? - Farm Progress 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. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. These shell companies have made it difficult to find out where and how much farmland the Gateses own even for local farmers, like John S. Quarterman, a farmer and landowner who grows okra, corn, squash and other vegetables in Lowndes County on the southern edge of Georgia. Does Bill Gates Own the Majority of US Farmland? | Snopes.com 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. Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Bill and Melinda Gates also cracked the Land Report's Top 100 Landowners for the first time coming in at number 49. From mortgage info and housing trends to updates on which celebritys bathroom is equipped with a Vitamin-C infused shower, Housecall covers the entire moving and shaking gamut of the industry decision to end their marriage after 27 years, How to Know Youve Found the Home of Your Dreams, 3 Reasons to Hire Pest Control Services After Moving Into Your Home, 4 Additions For Your New Bathroom Remodel, Top Kitchen Design Trends to Consider for Your Renovation, Inside Jeff Bezos Multi-Billion Dollar Real Estate Portfolio, Reasons to Take Care of a Water Leak in Your Home as Soon as Possible, A Quick Guide to Stopping Ceiling Leaks in Your Home, 10 Tips for Taking Care of Wood Furniture, 5 Important Facts About Your Rain Gutter System, 5 Strategies for Making Moving House as Smooth as Possible, Lessons Every Homeowner Can Learn This Winter to Prepare for the Next, How to Spot Foundation Issues in an Old Home. In total, Bill and Melinda Gates have acquired land in more than a dozen states. 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. (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). 2,167 acres. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. There farmers primarily grow soybeans, rice, corn and cotton. That was a virus I got from Ted Turner.. 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. Bill Gates owns more land than all of the entire city of New Why Bill Gates Is Buying Up U.S. 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. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] In other words, when the economy is struggling, the value of farmland generally doesnt depreciate. LITTLE ROCK, Ark. 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. A hint at Gates huge farm holdings emerged in a 2014 Wall Street Journal profile of Michael Larson, the money manager who serves as Cascades chief investment officer. While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. 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. 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. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Our inventory spans five western states. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? 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. Right? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land?