For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. 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. 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. False. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Recently, an article in Land Report stated that Bill Gates owns more American farmland than anyone else. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. This is where a country sells land when the owner becomes delinquent on their property taxes. Farmland offers a strategy that is completely separated from his other wealth and investments. 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. 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 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. 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. 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. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . 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. 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. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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 in the United States, and also the world. 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. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. 23:06 GMT 15 Jan 2021 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. Its uncertain why Gates has invested in so much farmland or how his tracts are currently being used. Estate in Indian Wells, California: $12.5 Million. 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. 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. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? The option expires Oct. 31, 2024. The billionaire Microsoft co-founder has become the largest owner of farmland in the. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres Published: 18:36 ET, Dec 8 2022 Updated: 10:03 ET, Dec 9 2022 A MAP has revealed which billionaire owns the largest amount of land in the US - you'll be shocked to know that it isn't Bill Gates. In 2014, Cascade Investments combined both of those companies and the land into Generations Farms, which continued to grow vegetables. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. We think we now know. It just seemed like a good thing to do., 2020 THE SUN, US, INC. ALL RIGHTS RESERVED | TERMS OF USE | PRIVACY | YOUR AD CHOICES | SITEMAP, A map has revealed which billionaire owns the most land in the US, and it's not Bill Gates, John Malone owns about 2.2million acres of land across the United States, In comparison, Microsoft co-founder Bill Gates owns about 270,000 acres of farmland, Malone is worth an estimated $9.22billion, Meet the largest landowner in the US as map reveals stunning amount of land billionaire owns and its not Bill Gates. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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.'. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Listen to article. 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. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. 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. askBAMLand.com is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates now owns almost 242,000 acres of the continguous USA. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . The company also took to Twitter to reject the false narrative. 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.. Bill Gates uses farmland as investment vehicle, owning 269,000 acres of land. Mansion in Rancho Santa Fe, California: $18 Million. The land that Gates owns is located in several states and consists primarily of commercial farmland. 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'. 2,167 acres. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.His 242,000 acres of farmland stretch across 18 states Bill Gates owns farmland in 18 states . 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. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Arable land is not just profitable. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. That kind of hard work isnt what made him rich. Bill and Melinda have purchased numerous properties in Wellington, Florida, over the years. Land will likely never be a bad investment, as long as the land is healthy and properly located. 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. 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. If you said investment, then you are right. 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. Gates' purchase averaged $12,000 per acre. This could allow you to sell or lease the individual lots of land on the property. 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. Along the Columbia River border between Washington and Oregon, the Gateses purchased 100 Circles Farm, a 14,500-acre plot of land, for $171 million in 2018, according to property and business records. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. By Small farmers and Indigenous people are more cautious with the use of land. Starting in 2012, Gates investment firm began buying family farms in South Georgia. 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. Financial titans like Prudential and Hancock have divisions specifically for investors looking to make money on farmland portfolios. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! But why do a handful of people own so much land? The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. 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!' The largest. It will not tell you that Bill Gates is your neighbor. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. But, As of February 2021, Gates has made headlines across the wor. Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. This means that you can find good deals that may be just the thing you are looking for. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Right? The comments below have not been moderated, By Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. Farmland can be an investment in several ways. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. In Georgia and Florida, NBC News independently confirmed through research of property records that the Gateses investment firm owns more than 7,000 acres through two limited liability companies, Lakeland Sands and Lakeland Sands Florida, LLC. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. The Gates Foundation said in a statement that its agriculture efforts do not extend to farming in the U.S. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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 . They own the soil where the potatoes in McDonald's french fries grow, the carrots from the world's largest . 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. 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. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. of the richest people in the country, owns less than one percent of the nations total farmland. 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 fact it is so big that it is a little hard to conceptualize. from February that showed there were more than 895 million total acres of farmland in the country last year. Bill Gates' Land Ownership. 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 . The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. An NBC News analysis also identified Gates as the largest farmland owner in the US. But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. He added: 'In addition, the states oldest winery, Chateau Ste. the latest American Housing Survey by the Census Bureau. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. But theyre far better known for their work in tech and in trying to save the climate. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. The opportunities are virtually endless. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. The United States is defined by the excesses of its ruling class. Which is where the Bill Gates' Land Ownership interactive map comes in. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. 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. 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. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). The extensive tax avoidance by these titans of industry will always far exceed their supposed charitable donations to the public. The agriculture sector is important, he wrote. 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. 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. MINOT, N.D. North Dakotans like to pride themselves on being pro-property rights. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. Stan Kroenke: Land area: 1.4 million acres. In 2018 Gates reportedly bought 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 from an insurance company that had paid $75million for it in 2010. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. Investment firms are making the argument farmlands will meet carbon-neutral targets for sustainable investment portfolios while anticipating an increase of agricultural productivity and revenue. He never did anything that different from before he got here and what other farmers were doing nearby.". Agriculture is also a key focus area for the Bill & Melinda Gates Foundation, the massive charity run by Gates and his wife. APS ASSESSMENT: False. Weve answered hundreds of questions from people regarding the buying and use of land. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. 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. . Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. 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. Do whatever you want to with the land as the value increases. I mean, it is unlikely that one of the richest people in the world would invest in something that wasnt a good investment, right? | Photo by Wikimedia Commons . What expertise in climate science or agriculture Gates possesses beyond being filthy rich is anyones guess. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. This map shows that area as a rectangle that can be dragged. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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.
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