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. 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. The billionaire couple, in less than a. The land we all live on should not be the sole property of a few. 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. Bill Gates wins legal approval to buy huge swath of North Dakota This way, the land will remain productive and healthy, while also becoming a money-driving investment. Why aren't they giving more? BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. We think we now know. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. This will always be true, no matter where the land is. (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 is the largest farmland owner in America: report - New York Post This could allow you to sell or lease the individual lots of land on the property. , updated 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. While private companies and corporations are increasing . Bill and Melinda Gates, who recently announced they're getting divorced and are dividing their assets, are deeply invested in American agriculture. 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. 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. The Microsoft co-founder has reportedly purchased an $8.9 million Wyoming ranch that was once the stomping grounds of Buffalo Bill . 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. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. TRENDING: OUCH! 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. 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. And not all the renters are local. What Land Does Bill Gates Own In Michigan? - PartyShopMaine Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. 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. 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. That means Gates, whose net worth is estimated at some $134 billion. Why Bill Gates is the largest private farmland owner in the - Vox 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. | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. 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. But, As of February 2021, Gates has made headlines across the wor. Whose land is it anyway? Farmers, billionaires, foreign investors Farmland can be an investment in several ways. 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. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. While he owns nearly half of the Four Season Holding's hotel chain through Cascade, he also has partial ownership of Charles Hotel in Cambridge, Massachusetts. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. 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. 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. Bill Gates is investing big in American farmland | Crosscut Besides the enrollment of their landholdings in Leading Harvest, the Gates Foundation in 2020 also created an agricultural nonprofit, Gates Ag One, which focuses on bringing affordable solutions to small-scale farmers in sub-Saharan Africa and South Asia to improve crop productivity. He added: 'In addition, the states oldest winery, Chateau Ste. Does Bill Gates Own the Majority of US Farmland? | Snopes.com Bill Gates' purchase of a large patch of land in North Dakota has sparked fury and conspiracy theories on social media after the Microsoft billionaire secured legal approval to purchase the. Bill Gates was quietly becoming the biggest private owner of farmland in the United States. 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 . Inside Bill Gates' $80BILLION property empire - The US Sun He never did anything that different from before he got here and what other farmers were doing nearby.". While Gates is Americas biggest farmland owner, hes far from being the nations largest landowner in general. Farm Gates - Ohio Ag Net | Ohio's Country Journal Mason notes that trying to draw hard lines between ones philanthropic work and ones investments does not work. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. 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 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. 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. Gates . 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. Learn more about fact-checking at AP. Malone made the decision to put billions of his wealth into land ownership after spending a summer working on a family farm in Pennsylvania. Bill Gates top private farmland owner in US. Our inventory spans five western states. The Microsoft co-founder acquired 14,500 acres of the fertile land in 2018, helping to make him the largest private farmland owner in the US, with total holdings of almost 250,000 acres,. What Is The Banking Process To Buy Raw Land, Price Of Agricultural Land In The Philippines. While most people do not have the ability to buy hundreds of thousands of acres of farmland like Bill Gates, anybody can look at land as an investment opportunity to take advantage of. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. But he didn't, Quarterman said. Bill Gates Approved to Buy Acres of Farmland in North Dakota - IJR Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. An NBC News analysis also identified Gates as the largest farmland owner in the US. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. We know that one of the best ways to sequester carbon is through the soil. 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. Bill Gates currently owns over 268,000 acres of American farmland spread out over 19 states. Land can produce food, fuel, and manufacturing materials as well as provide environmental services, residential spaces, and more. Residents Furious When Bill Gates Swoops in to Buy Huge - Futurism Is Bill Gates your farming neighbor? - Farm Progress Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. 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. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. The outlet reported this week that Gates, 65, owns 268,984 acres of. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Bill Gates' farmland buying spree highlights investment appeal Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I A 6,300-acre farm owned by Bill Gates in Madison County could become the site of one of the nation's largest solar farms. His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m. It also offers proven return rates. Leading Harvest requires farmland owners to work to continuously improve soil health, biodiversity, and water, air and crop quality on their farms as well as contribute positively to local communities, comply with regulations, and provide a safe and respectful working environment for employees, Zehren said. 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. He is an assistant professor in the American studies department at the University of New Mexico. About 40 percent of farmland is owned by seniors 65 or older, according to 2014 estimates by the U.S. Department of Agriculture, meaning more farmland is expected to come on the market soon. Report: Bill Gates buys Buffalo Bill's historic Wyoming ranch Bill Gates is now the largest private landowner in the country. There farmers primarily grow soybeans, rice, corn and cotton. 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 . 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. Every Property Bill and Melinda Gates Owned Together | RISMedia\'s Small farmers and Indigenous people are more cautious with the use of land. 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. This number stems from last year's edition of . Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019. Follow Bill Gates: Do Not Invest In Tech, Invest In Farmland - Gizchina.com Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. He said that this is where large tracts of rich farmland is used to raise livestock and grow many of the vegetables that end up in grocery aisles up and down the East Coast. 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. , an annual survey of the nations largest landowners. - 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. Bill Gates now owns almost 242,000 acres of the continguous USA. 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. Why Is Bill Gates Buying Farmland? You'll be Surprised - Land Income My investment group chose to do this, Bill Gates said on Reddit in March when asked about his farmland purchases while promoting his latest book, How to Avoid A Climate Disaster. It is not connected to climate. He did acknowledge that more productive farming techniques can help reduce deforestation in other parts of the world. 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. 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. Housecall is the official blog of RISMedia, covering real estate news and information for agents, brokers and their clients. He now owns more farmland than my entire Native American nation. Though the Gateses are major owners of American farmland, the couples holdings only represent a fraction of the 283 million acres of farmland that is owned and rented out by nonfarmers. The map shows a 242,000 acre square situated over New York. The United States is defined by the excesses of its ruling class. The conservation of lands is important, he said. 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. If you said investment, then you are right. Maps Mania: The United Gates of America - Blogger Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . (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. . 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 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. Bill Gates reveals reasons behind massive farmland purchases buying an increasing share of the U.S. housing market. 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). Gates and his wife own 269,000 acres of farmland. 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 average person has nothing in common with mega-landowners like Bill Gates or Ted Turner. That means Gates, whose net worth is estimated at some $134 billion according to Forbes annual ranking of the richest people in the country, owns less than one percent of the nations total farmland. 4. But they're just renting it. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. Private Residence at the Yellowstone Club in Big Sky, Montana: Estimated $5-25 Million. Map reveals which billionaire owns largest amount of land in US - and The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. We are no longer accepting comments on this article. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. by Harvard Universitys Joint Center for Housing Studies. Bill Gates Land Grab - YouTube Bill and Melinda Gates own 70,000 acres of Louisiana farmland - NOLA Bill Gates owns a lot of American farmland, but not the majority By PHILIP MARCELO May 2, 2022 CLAIM: Microsoft co-founder Bill Gates owns the majority of America's farmland and the investment firm BlackRock holds the majority of single family houses in the country. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. Bill Gates Doesn't Own That Much Farmland | Aaron Smith Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio 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. In January 2021, Bill Gates became the largest owner of farmland in the United States. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count.
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