Bill Gates is well-known for building Microsoft, but it's a lesser-known fact that he's also the biggest private landowner in the US. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). But if it ever gets built, it would boost the value of Gates land dramatically. The property is currently worth $130.8 million. Some are near cities and might end up having other uses.". Access your favorite topics in a personalized feed while you're on the go. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. 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. The AGRA project is the most concerted effort yet to fix the problem. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The entity shares the same address as Campbell Farms. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. Impossible Foods makes plant-based protein that can be fashioned into burgers. Mr. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. NOW WATCH: Bill Gates has a net worth of over $96 billion here's how he makes and spends his money, his close friend and Berkshire Hathaway CEO, Warren Buffett, he'll sell what he owns as money goes towards the foundation. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Farming is all of a sudden part of the solution and not just part of the problem, Sherrick adds. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. John Malone is the largest private landowner in the United States. The agriculture sector is important. Tagged Under:
Gates is not the only billionaire on The Land Report 's list of top private farmland owners. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. That can mean better yields with decreased use of fertilizers and pesticides. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. The agriculture sector is important, he wrote. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. 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. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. In the words of Bill Gates, 3 billion people need to die. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. Working closely with the World Health . People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Gates has been asked about his farmland purchases before. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. This was also invaluable. The total portfolio of farmland is worth well over $700 million. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. the Land Report published. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. The billionaire tech mogul and philanthropist has quietly amassed nearly 270,000 acres of farmland across the country, but thats still a relatively small slice of the nations nearly 900 million total farm acres. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. In total, Mr Gates and his wife Melinda own 269,000 acres of land across 19 states, including 69,071 acres in Louisiana and 47,927 acres in Arkansas. Gates who stepped down from day-to-day involvement with Microsoft in 2008 has long been looking for ways to help the worlds poorest and to address the planets environmental challenges. It isless than .1% of all US farmland because the ownership is so diverse. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. .css-v1xtj3{display:block;font-family:FreightSansW01,Helvetica,Arial,Sans-serif;font-weight:100;margin-bottom:0;margin-top:0;-webkit-text-decoration:none;text-decoration:none;}@media (any-hover: hover){.css-v1xtj3:hover{color:link-hover;}}@media(max-width: 48rem){.css-v1xtj3{font-size:1.1387rem;line-height:1.2;margin-bottom:1rem;margin-top:0.625rem;}}@media(min-width: 40.625rem){.css-v1xtj3{line-height:1.2;}}@media(min-width: 48rem){.css-v1xtj3{font-size:1.18581rem;line-height:1.2;margin-bottom:0.5rem;margin-top:0rem;}}@media(min-width: 64rem){.css-v1xtj3{font-size:1.23488rem;line-height:1.2;margin-top:0.9375rem;}}Particle Accelerator Reveals Beginning of Time, Earth's Inner Core Has Another Inner Core, 8 Questions About Turkey With an Earthquake Expert, Conspiracy: Blaming Weather Weapons for Earthquake, Scientists Just Discovered a Literal Hell, How the NFL Grew the Field for Super Bowl LVII, The Doomsday Clock Is at 90 Seconds to Midnight, Uh, Earth's Inner Core Just Stopped Spinning, Supercomputer: 27% of Earth's Life Dead by 2100, 20 Weird Facts About Our Lovable Planet Earth. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. This latest outburst is part of constantly growing anger against Gates and his foundation in India. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . The couples acquired farmlandisowned through a private investment company Cascade Investment.This company also owns shares in plant-based protein companies Beyond Meat and Impossible Foods, as well as agricultural equipment maker John Deere. The land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. We've received your submission. Kids in England had to wear masks at school because No10 'didn't want an argument' with Nicola Sturgeon - Health ministers knew there was no evidence to justify making kids abide by rule of 6 - but No10 'didn't Sunak bustled like a wide-eyed labrador, his tail waggier than a windscreen wiper in a downpour: HENRY Bill Gates: America's Top Farmland Owner | The Land Report, Do not sell or share my personal information. Bill Gates owns a minimum of 242,000 acres of U.S. farmland in Washington, Illinois, Iowa, Louisiana, California and multiple other states Gates has a big vision for all that land, but unfortunately it doesn't involve organic, biodynamic or regenerative farming methods, which are needed to heal ecosystems and produce truly sustainable . Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. What does a technology pioneer want with agriculture? Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions, Gates wrote, responding to a question in Ask Me Anything (AMA) session on social media platform Reddit in March. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. The first necessity is fertiliser. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . Groups of 15 to 25 smallholders are also being encouraged to form collectives. The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. We've received your submission. Gates owns a 4.5 acre ranch in Wellington, Florida. "Bill Gates, co-founder of . Amazing, if truebut its extremely not. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an . Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. The Gates' portfolio of farmland covers 18 states. Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. Although Gates owns these farms, he isnt changing their practices. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. I have invested in these farms to make them more productive and create more jobs. *According to figures compiled by The Land Report in 2019. THE FACTS: As Elon Musks bid to purchase Twitter 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Stan Kroenke: Land area: 1.4 million acres. 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. Deploying high-yield . 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. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. In a new report, GRAIN analyses all the food and agriculture grants the foundation has made up until 2020, and reveals that while the Foundation allegedly prioritises African farmers, the vast majority of its funding actually goes to groups in North America and Europe. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Cascade employees almost never speak to the press. While that is . Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. The commitment is a ten-fold increase from the foundation's . In 2018 Gates reportedly bought about 16,000 acres in his home state of Washington, including a 14,500-acre tract in the Horse Heaven Hills region that was purchased for nearly $171 million from an insurance company that had paid $75million for it in 2010. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. Bill Gates helped usher in the digital revolution at Microsoft, and has spent the decades since exploring - and investing in - innovative solutions to some of the world's toughest problems . North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. The Land Report magazine reported in January that Bill and Melinda Gates have amassed the largest portfolio of private farmland in the U.S. A $171 million purchase of 14,500 acres of prime eastern Washington farmland in 2018 gave the power couple an estimated 242,000 acres of farmland, which is nearly the size of Hong Kong. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. AFRICA. Bill Gates and conspiracy theories go together like peanut butter and jelly. Farms also have a role in fighting climate change. The nearby community of Buckeye has grown more than tenfold in the last 20 years. Sign up for notifications from Insider! He concentrated on third world countries, with the aim of improving health facilities, reduce diseases, poverty and the improvement of education but his real interest in Africa is a hidden agenda. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Banda has also been able to buy an ox cart and pay school fees for one of her children. The 65-year-old responded by declaring his . With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Otherwise, Id have missed out on the information that has transformed my life, she says. The Gates Foundation's trust invests in the same companies it serves through its development programs, including Monsanto, BASF, Coca Cola, PepsiCo, Unilever, and many others. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Introduction. Her new house is made of brick and has a tin roof and two bedrooms. . That means Gates, whose net worth is estimated at some $134 billion. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. The dealers also supply the seeds for legumes like soybeans and pigeon peas, which make their own fertiliser from nitrogen in the air, via bacteria in their root nodules. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Instead, the LDS will add another 12,000 acres to its already massive land holdings, which include over 600,000 acres in Florida alone2 percent of that state's total land mass. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. The 2,100 acre potato farm adds to his massive portfolio of farm investments. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. That removes a major way for actual farm operators to . She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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, Gates longstanding interest in climate change. With $22 million in . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . People want to know, Why does Bill Gates want all this land? , But hyper-wealthy people like Gates dont make every decision personally, OKeefe notes. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. (Related:Why is Bill Gates buying up farmland across America?). On average their farms yields have doubled (see chart below). For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. This is part of a broader 269,000-acre land portfolio belonging to the couple and associated entities across 19 states, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Arizona (25,750 acres). Real estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4 million acres of land in the United States, including a 124,000 acre ranch in Montana and additional land in Wyoming. Gates reportedly paid nearly $ 1,041,293 in property taxes in 2017, for this property in India %... In Washington, 20,588 in Nebraska, 25,750 in Arizona 24,800 acres of non-agricultural land, most of were. Fertilizers and pesticides has also been able to buy an ox cart and school! Where beans will grow in Washington, 20,588 in Nebraska, 25,750 in Arizona 2. 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