Thanks for contacting us. The company also took to Twitter to reject the false narrative. But, As of February 2021, Gates has made headlines across the wor. | Chuck Collins, Original reporting and incisive analysis, direct from the Guardian every morning, Land is power, land is wealth, and, more importantly, land is about race and class. 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. You may have heard that Bill Gates owns a lot of land, but you may not know how much. Bill Gates does not own the majority of U.S. farmland. 23:06 GMT 15 Jan 2021 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. TRENDING: OUCH! Which is where the Bill Gates' Land Ownership interactive map comes in. He owns 242,000 acres, which is equivalent to the area of Fannin County GA. And Bill Gates new book How to Avoid a Climate Disaster positions himself as a thought leader in how to stop putting greenhouse gases into the atmosphere and how to fund what he has called elsewhere a global green revolution to help poor farmers mitigate climate change. 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. But farmer advocates say the Gateses large-scale farm purchases dont make room for smaller farmers to break into the market. 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.. Land will likely never be a bad investment, as long as the land is healthy and properly located. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. 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. Gates diversified his investment portfolio through land ownership, but why? Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. - Bill and Melinda Gates are taking on the new title of the biggest farmland owners in the United States, with a good chunk of that ownership being in Arkansas. He never did anything that different from before he got here and what other farmers were doing nearby.". 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. Now you have a foundation where the mission on one side is to save the world and to do all these wonderful things surrounding climate, and on the other side theyre investing in the exact same things that are causing the harm that the mission side is trying to protect, Mason said. In Nebraska where he owns 20,000 acres, it is used for soybeans. With the Washington state acreage and other additions to his portfolio, The Land Report estimates that Gates now owns at least 242,000 acres of American farmland. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. That title goes to John Malone, the former CEO of Tele-Communications Inc, which was purchased by AT&T Inc in 1999 for more than $50billion. A survey of the Gateses farmland holdings shows that a broad range of the vegetables that Americans eat can be traced back to his land and that some of this land has also been owned by other billionaires. Weve answered hundreds of questions from people regarding the buying and use of land. That program ensures agriculture on the land is audited to meet standards, like soil health and water management, created by the nonprofit Leading Harvest, which counts one of the subsidiaries of Gates investment firm as a partner. The project is in its early . Farmland offers a strategy that is completely separated from his other wealth and investments. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Gates and his investment team own more than 240,000 acres, as reported by Eric O'Keefe, including 2,167 acres in Michigan. 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That makes Invitation Homes the, largest operator of single-family rental homes in the country, but still represents, BlackRock also suggested it was being confused for the similarly-named i. nvestment management firm Blackstone, which until recently owned Invitation Homes. 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. While land is a limited resource, there is still less competition for raw land than there is with residential and commercial real estate. He is an assistant professor in the American studies department at the University of New Mexico. 2023 NYP Holdings, Inc. All Rights Reserved, BillGatesbuys nearly $1B Heineken stake despite not being a big beer drinker, Bill Gates daughter living in $51M NYC home as she welcomes first baby, Elites want to use AI to censor political opponents, Bill Gates claims his private jet habit not part of the climate problem. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . It can be used for residential development, commercial projects, industrial zoning, public or semi-public use, agriculture, or right of way (a way for others to access a different piece of land or portion of the land). The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. 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. APS ASSESSMENT: False. Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. BlackRock also does not own the majority of the countrys 80 million single-family homes. Wealth accumulation always goes hand-in-hand with exploitation and dispossession. Murdaugh is heckled as he leaves court, Ken Bruce finishes his 30-year tenure as host of BBC Radio 2, Ukrainian soldier takes out five tanks with Javelin missiles, Family of a 10-month-old baby filmed vaping open up, Missing hiker buried under snow forces arm out to wave to helicopter, Hershey's Canada releases HER for SHE bars featuring a trans activist, Moment teenager crashes into back of lorry after 100mph police race. 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. You may also be interested in why a billionaire wants land. It can be sold as a property (or multiple properties), it can be used to produce things that people buy, or it can be rented out, like much of the farmland in the United States. Farmers just aren't owning the assets anymore. Bill Gates has never been a farmer. Renewable energy company Savion has an option to buy the property for what . 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. 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. While private companies and corporations are increasing . The opportunities are virtually endless. Bill and Melinda Gates, who recently announced theyre getting divorced and are dividing their assets, are deeply invested in American agriculture. (Stephen Osman / Los Angeles Times via AP file), The buildings of the 100 Circles Farm are at the center of this satellite image. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. 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., ill Gates has never been a farmer. One per cent of the worlds farms control 70% of the worlds farmlands, one report found. It is possible to make high double digit returns on land that you bought for an affordable price only a few years prior. At this valuation, Gates likely paid close to $2 billion for the luxury-hotel business. He also owns three hotels in Dublin, Ireland, and a fourth in Limerick. So if now the best farmers can do if you want to stay in farming is rent this land, you're not going to get the benefits that come with land ownership.. 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.
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