Starting in 2012, Gates investment firm began buying family farms in South Georgia. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Lemmon Holdings, the billionaire spent $80 million to purchase. While the Gateses are best known for their philanthropic work tackling large-scale societal problems, like funding the coronavirus vaccine and controlling malaria via the Bill and Melinda Gates Foundation, they have also invested in some companies rethinking food production and have endorsed the use of genetically modified seeds as one way to increase farming productivity and feed more people globally. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Some raw land may even be as affordable as a few thousand dollars, which can be an affordable and cost-effective investment strategy (or just a place to use for personal reasons). The acquisition, however . BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. 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. 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. 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. 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. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. Nick Estes is a citizen of the Lower Brule Sioux Tribe. Bill Gates may be trading his pocket protector for cowboy boots. | Photo by Wikimedia Commons . 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. He hoped Gates would have invested in different farming techniques that could help turn around the ecological damages from big agriculture. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. While Gates owns nearly 270,000 acres of farmland across the US, he isnt the largest landowner in the country. 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. 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. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. 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'. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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. 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. 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. 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. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. Some of that land, including nearly 300 acres, was sold in 2019 to the California-based Grimmway Farms, the worlds largest carrot producer. 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. After all, few can out-bid Bill Gates. 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. , an annual survey of the nations largest landowners. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. He is also the chairman and largest stakeholder of Liberty Media, possessing 28% of Discovery Communications, which was acquired by Scripps Network for $14.6billion. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. The six-bed Del Mar home, which boasts a ten-person jacuzzi and swimming pool overlooking the ocean, was bought by the couple in late Marchas the international coronavirus pandemic began to take hold. The tech mogul, who is the. 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. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). But he didn't, Quarterman said. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. Thats why lands still managed by Indigenous peoples worldwide protect and sustain 80% of the worlds biodiversity, practices anathema to industrial agriculture. 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. Bill Gates top private farmland owner in US. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. . The biggest shift in recent years from small to big farms was in the US. AP'S ASSESSMENT: False. 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? 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. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. 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. 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. Not only is it usable by you, but land can be used for so many different things. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. 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 Gates does not own the majority of U.S. farmland. One of the Gates favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. LITTLE ROCK, Ark. 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.. In fact it is so big that it is a little hard to conceptualize. Brittany has been in the land business since 2020 when the world was starting to shut down. 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. 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. 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. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back.

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