According to The Land Report, the Microsoft co-founder owns farmland across 18 states, with the largest holdings being in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588. The farmland was purchased through a constellation of companies that all link back to the couples investment group, Cascade Investments, based in Kirkland, Washington. Members of the Stanley family now work for Generations. Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. But Zehren of Cascade noted that the firm has been working in Florida and elsewhere to promote ecologically conscious agriculture and that it plans to continue to evaluate its farmland portfolio to improve its overall sustainability. You can also fill out the contact form below if you are interested in buying or selling land. North Dakotans are outraged as Bill Gates, the largest private farmland Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. 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. 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. 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. Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. 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. Cascade did not immediately respond to a phone message Friday, and the company declined to comment to The Land Report other than to say that Cascade is very supportive of sustainable farming, the outlet said. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. He's one of the richest men in the world and the largest individual owner of farmland in the country. 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. 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. We've received your submission. Quarterman guessed that may be because Bill Gates isnt the one doing the farming. The price makes this one of the most expensive home sales in this part of California ever. In fact, he reportedly owns more farmland than any other individual in America. Hes the landlord, or rather, the companies owned by his investment firm are the landlords. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. In fact, he owns some of the land that produces potatoes used to make McDondalds french fries. One of those farms, Stanley Farms, specialized in Vidalia onions, and another, Coggins Farms, focused on growing carrots. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! 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. 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Ag Briefs: Bill Gates top private farmland owner in U.S. 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. 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. 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. Farmer Bill - The Land Report Properties up for grabs include a $123million mansion with a trampoline room and a $43million oceanfront mansion with a ten-person jacuzzi. The 229-acre property was once home to Jenny Craig, founder of the Jenny Craig nutrition company, and was purchased by the Gates with hopes that it would one day be where their daughter Jennifer could train for her equestrian career. 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. Like wealth, land ownership is becoming concentrated into fewer and fewer hands, resulting in a greater push for monocultures and more intensive industrial farming techniques to generate greater returns. 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. buying an increasing share of the U.S. housing market. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. Our inventory spans mostly in the western United States. You may also be interested in why a billionaire wants land. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Why Bill Gates is the largest private farmland owner in the - Vox Why is Bill Gates buying up US farmland? - DW - 04/09/2021 In fact, this also means that you may not even have to apply for a loan to start the investment! 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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!' He owns 2m acres and has the worlds largest privately owned buffalo herd. 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. 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. But, As of February 2021, Gates has made headlines across the wor. Bill Gates is in the money flow business, and farmland, as well as other land, can generate a lot of money. In 2014, he co-founded The Red Nation, an Indigenous resistance organization. Does Bill Gates Own the Majority of US Farmland? | Snopes.com The agriculture sector is important, he wrote. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. This could give you a place to relax or to even build a small vacation home. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Today, Bill Gates owns 242,000 acres of farmland in 19 states. There . 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Bill Gates wins legal approval to buy huge swath of North Dakota Gates diversified his investment portfolio through land ownership, but why? 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, Undisclosed Sale Price (Listed for $8.9 Million). Bill Gates' 20,000 acres in Nebraska help make him the top farmland And the firm said its very supportive of sustainable farming. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. In January 2021, Bill Gates became the largest owner of farmland in the United States.
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