And we think it will provide good inflation protection in the long run. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . According to O'Keefe, Gates isn't the only one making moves on the farmland market, especially as farm real estate values nationwide increased 7% from 2020 to $3,390 per acre. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Quarterman also serves as the Suwannee Riverkeeper and advocates for conservation of the intricate network of springs and rivers in the region, where water from the swamps of Georgia flow into Florida before they release into the Gulf of Mexico. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. Stan Kroenke: Land area: 1.4 million acres. 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. Not only is it usable by you, but land can be used for so many different things. 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). Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. You may have heard that Bill Gates owns a lot of land, but you may not know how much.
Bill Gates Called Out By Farmer For Secretly Buying Up US Farmland: 'I 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. The January 11 issue of The Land Report is worth reading. 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. This number stems from last year's edition of . 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. 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 couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. 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. Public records suggest Cascade Investments has bought its farmland through a web of at least 22 limited liability shell companies across the country. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. 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,. Farmer Bill. 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. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. The Gates Rancho Santa Fe estate was purchased in 2014 because of its horse stables and proximity to a local race horse track. Bill Gates' Land Ownership. 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. In terms of agriculture and his practices Bill Gates, Microsoft billionaire, may be more than . These land holdings are separate from their previous investments in companies that support large-scale farming like Monsanto and the tractor manufacturer John Deere. (Google Maps), Image: The building housing the offices of Cascade Investment in Kirkland, Wash., on May 22, 2021. 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. The project is in its early . 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.
Bill Gates is investing big in American farmland | Crosscut He added: 'In addition, the states oldest winery, Chateau Ste.
We Now Know Why Creepy Bill Gates Invested in All of That US Farmland Ownership of Angelina Plantation Farms, which sits among three wildlife areas in Monterey with a view of Bayou Cocodrie, and other property has been a . This means that you can find good deals that may be just the thing you are looking for. Xanadu 2.0 in Medina, Washington: Estimated $140-170 Million, Source: Steve Ringman / The Seattle Times. Thanks for contacting us.
North Dakotans Freak Over Bill Gates Land-Buying Mystery - Yahoo! 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.
Bill Gates wins legal approval to buy huge swath of North Dakota That land is now largely rented out to various farmers. By
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. In total, Gates owns approximately 242,000 acres of farmland with assets totaling more than $690m. 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. There, on Gates parcels, an industrial farm grows potatoes for McDonalds french fries. He never did anything that different from before he got here and what other farmers were doing nearby.". Do whatever you want to with the land as the value increases. If you own a good amount of land, then you have the possibility of subdividing it into multiple lots that can generate separate income streams. According to landreport.com, the Gates family has a total of 242,000 in farmland acreage in the United States.
Bill and Melinda Gates' divorce puts massive farmland holdings in focus Lemmon Holdings, the billionaire spent $80 million to purchase. 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 2018 purchase of 14,500 acres of prime eastern Washington farmland - which is traditional. 2,167 acres. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. Land holds ample opportunities for growth and development, yet you may find that there is more land than there is competition. Although the price that the Gates paid for this property was never made public, theres a $300,000 initiation fee, and more than $37,000 in annual feesand you still have to purchase a home within the community. 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.
Bill Gates Is America's Largest Private Owner of Farmland - Breitbart Learn more about fact-checking at AP. A 2018 purchase of 14,500 acres of prime eastern Washington farmland which is traditional Yakama territory for $171m helped him get that title. In fact, Gates is the owner of over 270,000 acres of farmland, which is worth over $700 million! Weve answered hundreds of questions from people regarding the buying and use of land. 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.
Bill Gates' 20,000 acres in Nebraska help make him the top farmland But that could soon change. APS ASSESSMENT: False. Not only that, but it fits in with Gates values as a philanthropist because he can keep the farmland healthy for future generations. 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. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal.
Billionaire owns 38-square miles of farmland in Illinois.