Not only is it usable by you, but land can be used for so many different things. Bill Gates was also an early investor in fake-meat companies aiming to combat the environmental harms of raising livestock by creating more convincing, plant-based alternatives. The state's Republican Attorney General Drew Wrigley had inquired into the land sale, and on Wednesday issued a letter saying the transaction complied with an archaic anti-corporate [] Additionally, through his personal investment firm, Cascade, Bill Gates owns approximately half of the Four Season Holdings' hotel chain. Thats where the Gateses began buying land in 2013 through two limited liability corporations registered to an address in Kirkland by Derek Yurosek, then head of agriculture operations for Cascade. After all, few can out-bid Bill Gates. Bill and Melinda have diversified their portfolioworth more than $130 billionfor years, and one of their favorite investments is real estate. Here is an overview of all of the property the couple owned together at the time of their divorce: Bill and Melinda dont publicly discuss this topic often, but they are the top owners of farmland in the U.S. With some 242,000 acres, the estimated value of their farmland is in the billions. Thanks for contacting us. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Gates shares 95% of the ownership with Saudi Prince Alwaleed bin Talal. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. Malone owns several ranching and real estate businesses predominantly in Maine, New Mexico, Colorado and Wyoming. Single-family homes are priced between $5-25 million. Farmland CNBC 2.94M subscribers Subscribe 47K 4.5M views 1 year ago #CNBC Bill Gates made. Nor does he put in the back-breaking labor humble people do to grow our food and who get far less praise for it. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. These billionaires have nothing to offer us in terms of saving the planet unless its our land back. 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. 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. 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. But that could soon change. The 14,000 acres in Washington is used for potatoes and in Florida the land is used for carrots. The billionaire media mogul Ted Turner epitomizes such disparities. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . The foundation aims to support country-led inclusive agricultural transformation across sub-Saharan Africa and South Asia, according to its website. Bill Gates may no longer be the worlds richest man, but he can claim a new title: Americas farmland king. buying an increasing share of the U.S. housing market. - 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. 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. 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. The land that Bill Gates owns is used to grow soybeans, corn, cotton, and rice over 70,000 acres in northern Louisiana. Bill Gates is the largest private owner of American farmland, which is why so many people are wondering what he will use it for. That doesnt mean that every piece of land is a good investment, but a significant amount of land will offer a high return on investment. You may have heard that Bill Gates owns a lot of land, but you may not know how much. According to the Land Report in 2021, the Gateses had 242,000 acres of farmland, 1,234 acres or recreational land, and 25,750 acres of land that was in transition from farmland to residential and . 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. There are also ways to generate passive income on the land without selling it because you can lease the land or sell the mineral rights, among other methods. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. There is a certain irony, of course, about Gates, 65, becoming the USA's biggest private owner of farmland, which American publication the Land Report recently declared him to be. Land is power, land is wealth, and, more importantly, land is about race and class. 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. He also purchased the 800-acre Bridlewood Farms in Florida. The billionaire says he purchased the land because they are not making it anymore.. The company also took to Twitter to reject the false narrative. 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. Well, youd think, if you're looking for somebody with enough capital to try that, he would go first. Since then, it has been revealed that the two never signed a prenuptial agreement, instead opting for a separation agreement. The process of splitting the couples assets will be a mammoth task. Small farmers and Indigenous people are more cautious with the use of land. 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. If youre looking at what this means for farmers on the ground looking to access land, theres significant competition from nonfarmers, and that really affects young farmers because it means that the price that theyre trying to compete with on the marketplace is driven and determined by people who are not dependent on a farming income, Rippon-Butler said. 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. The value depends on a lot of factors including location, type of land, acreage, supply, demand, and more. if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[300,250],'askbamland_com-box-4','ezslot_4',104,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-box-4-0'); Well, why would you think that a billionaire would want to own land? In six years that number has more than doubled. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 acres. These states include: Arizona - 25,750 acres; Arkansas - 47,927 acres But some farmers whose land is adjacent to that of the Gateses have expressed disappointment that despite the couples wealth, they have not done more to preserve the environment. Its a hedging strategy, said Daniel Bigelow, a professor of agricultural economics at Montana State University, who previously served as a USDA research economist. Except, it seems, when it comes to a private individual selling some land to iconic billionaire Bill Gates. Both companies were founded in 2012 with the same address as Cascade Investments in Kirkland, which later changed its mailing address to a Louisiana post office box assigned to Oak River Farms, another subsidiary of Cascade. from February that showed there were more than 895 million total acres of farmland in the country last year. 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. APS ASSESSMENT: False. So why did the Land Report dub him Farmer Bill this year? Right? Bill Gates was quietly becoming the biggest private owner of farmland in the United States. 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. Gates has been buying land like its going out of style. Our era is dominated by the ultra-rich, the climate crisis and a burgeoning green capitalism. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. Raw land is not developed. The billionaire recently came under severe criticism from a fourth-generation farmer in South Georgia for his farmland ownership in the U.S. Will Harris, who owns a 152-year-old family farm named. Bill Gates is now the largest private landowner in the country. The outlet reported this week that Gates, 65, owns 268,984 acres of. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. You may have heard that Bill Gates owns a lot of land, but you may not know how much. 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. The gun and the whip may not accompany land acquisitions this time around. It also offers proven return rates. If they purchased the rest of their farmland for similar prices, that would put the value of their 242,000 acres at almost $3 billion. Why aren't they giving more? if(typeof ez_ad_units!='undefined'){ez_ad_units.push([[250,250],'askbamland_com-large-mobile-banner-1','ezslot_7',108,'0','0'])};__ez_fad_position('div-gpt-ad-askbamland_com-large-mobile-banner-1-0'); While the land that Bill Gates owns is already developed for farming and likely costs a ton of money, land can also be quite affordable.
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