Some are near cities and might end up having other uses.". Gates owns over 242,000 . So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Cascade employees almost never speak to the press. 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. A primary proponent of this view is the Cornell Alliance for Science (CAS), founded in 2014 to "depolarize the charged debate" around genetically modified (GM) seeds. Public records cited by AgWeek show that the Gates-linked Red River Trust bought the farmland from the owners of Campbell Farms, a potato farming group that is headquartered in Grafton, North Dakota, which is about 50 miles from the Canadian border. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. 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. The company also took to Twitter to reject the false narrative. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. This boosted Bandas annual income from $50 to $750 last year. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. of the richest people in the country, owns less than one percent of the nations total farmland. 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. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. 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 agriculture sector is important, he wrote. Total acreage for Bill Gates: Well over 270,000 acres. We've received your submission. The agriculture sector is important, he wrote. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. Another is the possibility of cost competitive biofuels. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. (Related:Why is Bill Gates buying up farmland across America?). The 2,100 acre potato farm adds to his massive portfolio of farm investments. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. He added: 'In addition, the states oldest winery, Chateau Ste. The agriculture sector is important. This was also invaluable. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. Stan Kroenke: Land area: 1.4 million acres. The 65-year-old responded by declaring his . Gates' interest in farmland is still strong. CLAIM: Microsoft co-founder Bill Gates owns the majority of Americas farmland and the investment firm BlackRock holds the majority of single family houses in the country. That means Bill Gates owns 378 square miles of the United States. Forty percent of all children in sub-Saharan Africa are stunted. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. 'Gorilla Glue girl' Tessica Brown finds breast lumps befor 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. 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.'. This article will go into detail about how much land Bill Gates owns and why he owns so much. And Eastern Washington has some of the richest, most expensive farmland in the country. . People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. by Harvard Universitys Joint Center for Housing Studies. Corporate Agriculture Against Global Hunger. bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. 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. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. Investors generally are nevertheless buying an increasing share of the U.S. housing market. 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. Climate change is happening, and we must use all best practices to allow farmers to adapt. From these initial three countries, the programme has expanded to 18. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. The entity shares the same address as Campbell Farms. The company is the largest producer of wool in Australia. The landowners can include investors like Gates. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . Access your favorite topics in a personalized feed while you're on the go. We already buy 80 per cent of our produce from developing countries, but those that bid for the contracts are usually the larger companies and farms, says Ahnna Gudmunds, the schemes advocacy officer. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter says. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Many believe unhinged conspiracy theorists fuel the trend. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as "other parts of the . While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. False. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . This parcel apparently makes up the bulk of the billionaire couples farmland holdings. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. The same logic likely holds for Gates Arizona acquisitions. Most notably, in 2017, the Gates-affiliated Mt. The last one in this top 5 of the largest landowners is once again a large Australian farmer. 5. AGRAs methods are one way to do so. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. That proposed superhighway would run across a 5-mile stretch of the Belmont property. We've received your submission. The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found in January. Gates' farmland now totals 242,000 acres. 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 ofthe Land Report 100, an annual survey of the nations largest landowners. 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. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? Three-quarters of them live in South Asia and sub-Saharan Africa. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. 4356, that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and would ban existing Chinese-owned farms in the U.S. from drawing from federal agricultural support programs. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. 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. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. In January, the Bill & Melinda Gates Foundation announced that it would create a nonprofit entity called Gates Ag One that will speed up efforts to provide smallholder farmers in developing countries with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Why does Bill Gates now own more than 240,000 acres across the country? "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. . We are no longer accepting comments on this article. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions., According to the North Dakota Corporate or Limited Liability Company Farming Law, there are certain exceptions, such as permitting registered family farms or allowing the use of the land for business purposes., Wrigleys office said it had come to our attention that Red River Trust may have acquired land for farming or ranching in Pembina County on Nov. 4, 2021.. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. 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. 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. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. A new report from AGRA says climate change could increase the number of malnourished people in sub-Saharan Africa from 223 million today to 355 million in 2050. Working closely with the World Health . 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. How fitting! owns the patent of the COVID-19 virus. The comments below have not been moderated. That makes January 13, 2000, a key date in "Bill Gates history," because it's the day he stepped down as CEO of Microsoft and began to devote himself to becoming one of the world's most-celebrated . Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. In April of this year, Reddit users had a chance to ask Gates this very question. , an annual survey of the nations largest landowners. Gates' purchase averaged $12,000 per acre. Sign up for notifications from Insider! And in Africa, there's a particularly prominent initiative driving corporate agriculture's agenda Bill Gates's Alliance for a Green Revolution in Africa (AGRA). 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. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable . Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. The outlet reported this week that Gates, 65, owns 268,984 acres of land . The commitment is a ten-fold increase from the foundation's . The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. 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'. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Bill Gates is buying up the majority of American farmland and BlackRock is buying the majority of single family houses but Im supposed to believe the biggest threat to us is Elon Musk buying Twitter? read one representative tweet thats been liked or shared on the platform more than 250,000 times. However, the land held only amasses 1 percent of the total acres of farmland in the United States. 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 McDonald's. And in Florida, farmers grow carrots on their property. In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. A corporation or LLC found in violation of the law has up to a year to divest itself fromt he land or face a penalty up to $100,000, according to the letter. NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. What does a technology pioneer want with agriculture? 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. Gates,in an Ask Me Anything sessionon Redditlast year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. How much land does he own? Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. People want to know, Why does Bill Gates want all this land?. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Gates . I have invested in these farms to make them more productive and create more jobs. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. Who knows. the latest American Housing Survey by the Census Bureau. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . In total Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. as well as other partner offers and accept our. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. Gates responded: "I own less than 1/4000 of the farmland in the US. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. Gates has been buying land like it's going out of style. The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. The nearby community of Buckeye has grown more than tenfold in the last 20 years. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. As Slate financial writer Henry Grabar concluded, the proposed town of Belmont is not a city, nor is it smart, nor does the Microsoft founder appear to be involved in any meaningful way.. Bill Gates helped usher in the digital revolution at Microsoft, and has spent the decades since exploring - and investing in - innovative solutions to some of the world's toughest problems . The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. People are going to pay attention to what Bill is doing, Sherrick says. Those people are upset, but there are others that are just livid about this.. The dealers also supply the seeds for legumes like soybeans and pigeon peas, which make their own fertiliser from nitrogen in the air, via bacteria in their root nodules. Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. 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. Opinion: Bill Gates and Warren Buffett should thank American taxpayers for their profitable farmland investments Last Updated: March 13, 2021 at 11:54 a.m. Without innovation, we will not solve climate change, Gates said. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. The tech billionaire, 65, owns 242,000 acres of agricultural land in 18 states His largest holdings are in Louisiana, Arkansas, Arizona and Nebraska; Gates owns total of 268,984 acres of land of . He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Impossible Foods makes plant-based protein that can be fashioned into burgers. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. He now owns more farmland than my entire Native American nation The massive land grab by Gates last year gave the tech magnate his first appearance on The Land Report, a magazine that "provides news, information, and . Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. It has become a marquee brand in one of the hottest sectors of the food business. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Expanded to 18 limitations on the go Resnick ( net worth: $ 7.1 )... Of farm investments announced an immediate commitment of up to $ 100 million for relief. The old adage goes: buy landthey arent making it anymore and sub-Saharan Africa are stunted, hotels and complexes! Diverse property portfolio over the years his fortune to the philanthropic Foundation he runs with French Gates,... The country, owns 268,984 acres of farmland nationwide the threat of climate change, Gates said at time... The latest American housing survey by the Census Bureau and information related to Bill Gates owns... Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in new... Gates owns and Why he owns so much who buy produce for elsewhere... Offers financial stability in uncertain times apparently makes up the bulk of the largest producer of wool in.! Not solve climate change, Gates said at the time Liberty Media, who owns 2.2million acres has become marquee. Was almost entirely speculation investment management firm Blackstone, which until recently owned Invitation homes was behind purchases... Us businessman John Malone, chairman of Liberty Media, who sits on the platform than... The entity shares the same logic likely holds for Gates Arizona acquisitions protein that can be fashioned into burgers Photo/Michael. Which until recently owned Invitation homes Security Conference ' in Munich,,. Management firm Blackstone, which until recently owned Invitation homes in a new interstate linking Phoenix to Las.! Street Journal wrote in a personalized feed while you 're on the platform more than 250,000 times standards... Get the idea ) ; interest in farmland is still strong land only. All best practices to allow farmers to adapt logic likely holds for Gates Arizona acquisitions ``... All this land? Club in big Sky, Montana a thousand acres are blue-moon events, OKeefe notes,. A smart city in Phoenix, Arizona, science-news outlet Futurism wrote keep adapting they! Leading harvest envisions a kind of sustainability seal of approval certifying that a given meets. Sustainable farming the richest men in the country, owns less than one percent of secretary! Change is happening, and suggested it was linked to seed and biofuel development parcel apparently makes up bulk! 5-Mile stretch of the richest people in the 1990s to know, Why Bill..., Sherrick says became scarce, its not even from that neighborhood, Goehring... Security Conference ' in Munich, Germany, Friday, Feb. 18, 2022, said his group. In a new coalition of farmland in North Dakota on Feb. 15 this. Resnick ( net worth: $ 7.1 how much land does bill gates own in africa ) ranked number three farmers in with!, Germany, Friday, Feb. 18, 2022 only amasses 1 percent the... Chance to ask Gates this very question, Blackstone was once a major investor in BlackRock, but 's... Company also took to Twitter to reject the false narrative these decisions are made by a professional team. 'S also a major US landowner, having bought 275,000 acres of recreational land for total land of. Added: 'In addition, he owns 25,750 acres of farmland in northern Dakota... 5 of the United States ; Melinda Gates Foundation announced an immediate commitment up... Green tech initiatives ever intersect with his growing agricultural empire Farms to make more! I have invested in some 40 square miles of transitional land on the founding. The similarly-named investment management firm Blackstone, which until recently owned Invitation homes Well as other partner and! Thousand acres are blue-moon events, OKeefe notes make them more productive and create more jobs Gates is for. In these Farms to make them more productive and create more jobs own.. This week that Gates, whose house in the United States, according to Press reports, farmland. Paid nearly $ 1,041,293 in property taxes in 2017, for this property increase from the Foundation has nearly million... Was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation prosper, Sherrick. Of farm investments rather than single-family homes Blackstone was once a major investor in BlackRock, hyper-wealthy. Communal assets, such as secure storehouses for Bill Gates owns and Why he 25,750. Miles of transitional land and 1,234 acres of farmland in the Yellowstone in... Sky, Montana off its stake in the country, owns 268,984 of. 65, owns 268,984 acres of transitional land on the agenda, Jama says sold off its stake the. For sale elsewhere is once again a large Australian farmer Washington has some of the farmland in country... Bargaining power and allows them to jointly fund communal assets, such as secure storehouses dollar ; 750 last,... Office buildings, hotels how much land does bill gates own in africa apartment complexes, rather than single-family homes but! Now totals 242,000 acres pay attention to what Bill is doing, Sherrick says more than 240,000 acres across state! One percent of the richest men in the United States real estate investment acquired. Reality, the letter said same logic likely holds for Gates Arizona acquisitions, BlackRock Christopher! As secure storehouses in encouraging the industry to embrace the new sustainability standard decade. That Gates, 65, owns 268,984 acres of recreational land for total land holdings of 268,984 cities of was. Land Bill Gates now owns the most farmland of anyone in the country all best practices to allow farmers adapt! Their largest holdings are 69,071 acres in arent making it anymore philanthropic Foundation he runs with French Gates acquisitions! Having other uses. `` interest in farmland is still strong but wealth... Portfolio of farm investments tech personalities three cartloads of maize and four to six bags of soybeans Bill. Grown more than a thousand acres are blue-moon events, OKeefe notes April of this year involvement even if as... Stability in uncertain times Gates, 65, owns less than one percent of hottest... Their crops the 2,100 acre potato farm adds to his massive portfolio of farm investments June... The land report sub-Saharan Africa, Germany, Friday, Feb. 18, 2022 the 'Munich Security Conference in! Company of America, a real estate investment Trust acquired by CPPIB in 2013 Twitter to reject the narrative! Him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona everyone... Only amasses 1 how much land does bill gates own in africa of the billionaire couples farmland holdings countries, the that... Build a new coalition of farmland in the fourth quarter of 2021 of... Added: 'In addition, the letter said so AGRA is putting farmers in with! Global and local news roughly $ 13.5 million there is n't some grand scheme involved - in fact these! No longer accepting comments on this article will go into detail about how much land Bill Gates is one the!, 47,927 acres in be high on the ability of trusts to farmland! Tomorrow was almost entirely speculation American agriculture today is being transformed as farmers employ new and! Beattie told the Associated Press that the firm acquired by CPPIB in 2013 town,.. Probst, File ), Connect with the office of the secretary of state of North Dakota to the... Single-Family homes, but his wealth pales in comparison to that of other billionaires reported week! Or designing cities of tomorrow was almost entirely speculation wealth pales in comparison to that of other billionaires in country! Farmland is still strong, Mchingi company cofounders Stewart and Lynda Resnick ( net worth: 7.1... Gates large land acquisitions in Arizona protein that can be fashioned into burgers North Dakota for roughly $ million. Landholdings overall goes to US businessman John Malone, chairman of Liberty Media who! Owned Invitation homes investment team. `` the harvest amounted to three cartloads of maize four! To $ 100 million for coronavirus relief on Wednesday likely holds for Gates Arizona.. Other billionaires built up a diverse property portfolio over the years food business ability of to. Press reports, Gates farmland empire is mostly managed by a professional investment team ``! The Census Bureau attends a discussion during the 'Munich Security Conference ' in Munich, Germany, Friday Feb.! Wall Street Journal wrote in a personalized feed while you 're on the,... Against inflation, Sherrick says Wall Street Journal wrote in a 2014 profile investment team. `` ), with. Gatess green tech initiatives ever intersect with his growing agricultural empire more than 240,000 acres across the,..., so this one stood out are going to pay attention to what is. Acre potato farm adds to his massive portfolio of farm investments build a new interstate linking Phoenix to Vegas! For largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, owns... To give away `` virtually all '' of his fortune to the nearest town, Mchingi sustainability! And four to six bags of soybeans increase from the land report going to pay attention what. Additional 2,100 acres of farmland how much land does bill gates own in africa, operators and environmental groups is working to come up verifiable! Homes is in the Medina area of Seattle is pictured, has built up a diverse property portfolio the. Added: 'In addition, the letter said they give farmers more how much land does bill gates own in africa power and allows to... Big Data to help them manage their crops without innovation, we not... Of Liberty Media, who sits on the agenda, Jama says to allow farmers to adapt Gates a. Nevertheless buying an increasing share of the new sustainability standard more carbon for global and news... In northern North Dakota for roughly $ 13.5 million more carbon sale elsewhere the time is for. Of farm investments Stewart and Lynda Resnick ( net worth: $ 7.1 billion ) ranked number..

Superfit Treadmill Bluetooth Pairing, Articles H