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That could spell an opportunity for young farmers hoping to get their start, but for savvy investors scrambling for more places to put their money, it also represents an opportunity. In every state where the Gateses own land, a tangled web of locally registered limited liability companies follow. LITTLE ROCK, Ark. Much of Turner's land is used as grazing land for over 50,000 head of buffalo . Brittany has been in the land business since 2020 when the world was starting to shut down. That's one of the many takeaways from the 2021 Land Report 100, which is compiled each year by Land Report magazine. Our inventory spans five western states. . Farmland offers a strategy that is completely separated from his other wealth and investments. This way, the land will remain productive and healthy, while also becoming a money-driving investment. The potential is endless. 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. According to the Tri-City Herald, 14,500 acres of Eastern Washington farmland was recently sold to the couple for almost $171 millionthats nearly $12,000 an acre. Bill Gates now owns more farmland than anyone else in the United States, as the tech tycoon has quietly purchased 242,000 acres of farmland in several states across the country. The agriculture sector is important, he wrote.
Last year, Bill and Melinda purchased a sprawling beachfront 6-bedroom, 4-bath home in Del Mar, Californiaoutside of San Diegofor $43 million. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. His land ownership spans across 19 states. 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.
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What Land Does Bill Gates Own In Michigan? - PartyShopMaine Farmers just aren't owning the assets anymore. Estate in Indian Wells, California: $12.5 Million. There is only a certain amount of land available on earth. 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.
Who Owns More Land: Bill Gates, McDonald's or The Catholic Church? His firms largest farmland acquisition happened in 2017, when it acquired 61 farming properties from a Canadian investment firm to the tune of $500m.
BlackRock also does not own the majority of the countrys 80 million single-family homes. The biggest shift in recent years from small to big farms was in the US. 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. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. Stan Kroenke: Land area: 1.4 million acres. 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.
Bill Gates is the largest farmland owner in America: report - New York Post Bill Gates is best known for revolutionizing personal computing, but lately he's gotten back to the land. Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. Land is power, land is wealth, and, more importantly, land is about race and class. You can also fill out the contact form below if you are interested in buying or selling land. 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. Since then, weve sold to dozens of people from ATV weekend warriors to camping enthusiasts to retired truck drivers. 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. Bill Gates had managed to purchase nearly 269,000 acres of land in more than 12 states in the US. They own the soil where the potatoes in McDonalds french fries grow, the carrots from the worlds largest producer and the onions that Americans saut every night for dinner. Gates portfolio comprises about 242,000 acres of farmland and nearly 27,000 acres of other land across 19 states, according to The Land Report, a magazine for land investors that tracks the nations biggest landowners. 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. The Microsoft co-founder and his former wife, Melinda, are the top farmland owners in. There farmers primarily grow soybeans, rice, corn and cotton.
Bill and Melinda Gates' divorce puts massive farmland holdings in focus Can You Build A Wedding Venue On Residential Land? The Associated Press reports that last week, billionaire Microsoft founder Bill Gates was cleared to purchase 2,100 acres of rural North Dakota farmland. Since it works as an investment for him, it also includes the benefits of using land as an investment like he does. You may also be interested in why a billionaire wants land.if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-medrectangle-3','ezslot_2',102,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-medrectangle-3-0'); Bill Gates is one of the largest farmland owners in the United States. In fact, this also means that you may not even have to apply for a loan to start the investment! These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres
Why Is Bill Gates Buying Farmland? How Much Does He Own? - Farmfolio As of 2020, industry reports show he owned about 0.027% of U.S. farmland. The project is in its early . And we think it will provide good inflation protection in the long run. Gates' purchase averaged $12,000 per acre. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing. Bill Gates may be trading his pocket protector for cowboy boots. In Nebraska where he owns 20,000 acres, it is used for soybeans. The Microsoft co-founder faced several claims that he owned a majority of America's farmland earlier this year. The billionaire Microsoft co-founder has become the largest owner of farmland in the United States by quietly buying up massive plots across the county, a new report says.
Bill Gates' 20,000 acres in Nebraska help make him the top farmland Renewable energy company Savion has an option to buy the property for what . 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. Nick Estes is a citizen of the Lower Brule Sioux Tribe. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. The land that Gates owns is located in several states and consists primarily of commercial farmland. Gates, in an Ask Me Anything session on Reddit last year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. 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. Why should striking rail and postal workers get a big pay rise while our pay packets remain stagnant or worse? The attraction that people have to investing in farmland is that it tends to be countercyclical to the stock market. His largest holding is in Louisiana (69,071 acres), followed by Arkansas (47,927 acres) and Arizona (25,750 acres). Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. He is an assistant professor in the American studies department at the University of New Mexico. According to Forbes, the worlds billionaires saw their wealth swell by $1.9tn in 2020, while more than 22 million US workers (mostly women) lost their jobs. It makes no sense..
Bill Gates Becomes the Largest Farmland Owner in the United - Peoplemag It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. A MAP has revealed which billionaire owns the largest amount of land in the US - youll be shocked to know that it isnt Bill Gates. 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. In north Louisiana, the Gateses investment firm owns about 70,000 acres of land through at least three other shell companies. It may even be easier to sell smaller lots than it would be to market the entire portion of land that you invest in. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-large-mobile-banner-2','ezslot_9',109,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-2-0'); Raw land can be a great way to generate passive income or even spur large profits in the long term (or even short term if you know what you are doing). This can be an affordable way to get started with your raw land investments. Gates owns almost 9,000 acres in Ohio, just over 9,000 acres in Indiana, nearly 18,000 in Illinois, but only 552 acres in Iowa. 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. Malone continued, the forestry part of it in the Northeast is a pretty good business, with very low return on capital, but very stable and leverageable. There are also growing trends revolving around the purchase of low acreage farmland and noncommercial farming.
jwz: Bill Gates' Land Ownership How the Mormon Church Beat Bill Gates in a Battle - The Daily Beast Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. Weve been trained by experience, land acquisition courses, and hundreds of hours meeting with county assessors and clerks, zoning officials, realtors, and land investors. Bill Gates: America's Top Farmland Owner | The Land Report. Another 5,500 acres was sold to Generation Land Georgia, a company that shares an address with Miami-based Optimum Agriculture, which bought Generations Farms in 2019.