bill gates land ownership map

Gates diversified his investment portfolio through land ownership, but why? Bill Gates has invested in various high-profile commercial properties through his personal investment company, Cascade. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. The land that Gates owns is located in several states and consists primarily of commercial farmland. The land is owned both directly and indirectly by Cascade Investment, the Seattle-area firm that Gates the worlds third-richest man with a net worth of $132 billion, according to Bloomberg set up to manage his massive fortune, according to The Land Report. 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. For Indigenous caretakers, land use isnt premised on a return of investments; its about maintaining the land for the next generation, meeting the needs of the present, and a respect for the diversity of life. The third richest man on the planet doesnt have a green thumb. 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. These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Gates shares ownership with Saudi Prince Alwaleed bin Talalthe two purchased the chain in 2007 for $3.8 billion. 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. So why did the Land Report dub him Farmer Bill this year? It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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.. THE FACTS: As Elon Musks bid to purchase Twitter 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. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. 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. A 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. 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. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. Gates achievement, according to the report, is that hes largest private owner of farmland in the US. A white man owns more farmland than my entire Native nation! Someone else is building that equity on their back, said Johnathan Hladik, the policy director at the Center for Rural Affairs, who is also a farmer in Nebraska. And in Florida, farmers grow carrots on their property. 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. Bill Gates investment company, Cascade Investments, has invested in hundreds of thousands of acres of farmland in the last 10 years. 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. The billionaire says he purchased the land because they are not making it anymore.. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. 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. We would love to talk to you! He added: 'In addition, the states oldest winery, Chateau Ste. It will not tell you that Bill Gates is your neighbor. Mansion in Rancho Santa Fe, California: $18 Million. It makes no sense.. 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. Thanks for contacting us. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. In 2009, the Gates' reportedly purchased a ranch in Wyoming that once belonged to Buffalo Bill Cody. LITTLE ROCK, Ark. The biggest chunks of Gates holdings are in Louisiana and Arkansas, where he owns 69,071 acres and 47,927 acres, respectively, the outlets research found. The agriculture sector is important, he wrote. He now owns more farmland than my entire Native American nation. In May, Microsoft co-founder Bill Gates and his wife Melinda Gates revealed in a Twitter statement their decision to end their marriage after 27 years. That crown belongs to Liberty Media chairman John Malone, who has 2.2 million acres, according to The Land Report. 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. 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. He is an assistant professor in the American studies department at the University of New Mexico. Arable land is not just profitable. The billionaire Microsoft co-founder has become the largest owner of farmland in the. Farmland can be an investment in several ways. This could give you a place to relax or to even build a small vacation home. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. Several Properties in Wellington, Florida: $27.2 Million (Total). Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. But theyre far better known for their work in tech and in trying to save the climate. 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. 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. The agency further found that over 50 percent of cropland is rented to farmers who dont own their land. You just have to keep it relatively clean, mow it, and pay property taxes. In total, Bill and Melinda Gates have acquired land in more than a dozen states. This will always be true, no matter where the land is. Weve answered hundreds of questions from people regarding the buying and use of land. 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. When pressed during a book discussion on Reddit about why hes gobbling up so much farmland, Gates claimed, It is not connected to climate [change]. The decision, he said, came from his investment group. Cascade Investment, the firm making these acquisitions, is controlled by Gates. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-leaderboard-2','ezslot_5',106,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-leaderboard-2-0'); While farmland, and land in general, will undergo economic factors and changes to demand, it is very likely to increase in value as the years roll by. 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. We loved familys outdoor adventures so much we started a land business just to help others buy their own land. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. 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. Here is the . According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States. Bruere said some states such as Iowa enforce foreign ownership restrictions to prohibit foreign ownership or limit . In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. 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. 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. 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. Beach House in Del Mar, California: $43 Million. "The agriculture sector is important. 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. 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. Lots of articles on this are full of "4D chess" speculations about climate change blah blah, but the real reason for this seems to be very simple: "just to collect rent." 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. His 242,000 acres of farmland stretch across 18 states from Washington to Florida,. 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. 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. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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 foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. A few years ago, Bill Gates has announced plans to build a smart city outside of Buckeye in Arizona. . , an annual survey of the nations largest landowners. You can email us at [email protected]. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. Lets take a look at some of the reasons that land, particularly raw land, can be a good investment for Bill Gates or anybody else, including you. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! We know that one of the best ways to sequester carbon is through the soil. In enrolling in Leading Harvest, Cascade has implemented new initiatives on its farmland holdings ranging from adding additional pollinator habitat in Nebraska to planting wildlife-friendly trees on dry pivot corners in Florida to hosting grain bin safety rescue training for the local community in Louisiana to converting numerous diesel power units to electric to reduce carbon output, to name a few, Zheren said. This is where a country sells land when the owner becomes delinquent on their property taxes. Those animals, which are sacred to my people and were nearly hunted to extinction by settlers, are preserved today on nearly 200,000 acres of Turners ranchland within the boundaries of the 1868 Fort Laramie Treaty territory in the western half of what is now the state of South Dakota, land that was once guaranteed by the US government to be a permanent home for Lakota people. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. 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? 5. The billionaire media mogul Ted Turner epitomizes such disparities.

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