The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . Bill Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, which last year recognized Gates as the biggest private landowner in the US . So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Otherwise, Id have missed out on the information that has transformed my life, she says. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Getty Images for TIME bill gates, BioFuel, biofuels, carbon dioxide, carbon emissions, clean technologies, climate change, Coronavirus pandemic, crops, decarbonized power transmission, desalinate, Energy Storage, environ, farmland, fossil fuels, genetic lunacy, GMOs, greenhouse gas emissions, harvest, plant-based protein, solar energy, synthetic meat, zero-carbon cement. Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. Expanding the AGRA scheme was set to be high on the agenda, Jama says. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. This boosted Bandas annual income from $50 to $750 last year. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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Berkshire Hathaway, Inc., Waste Management, Inc., Canadian National Railway Company, Caterpillar Inc., Walmart Inc., Four Seasons Hotel and Resorts & more are the companies owned by Bill Gates. It isless than .1% of all US farmland because the ownership is so diverse. 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, the billionaire founder of Microsoft, has been revealed as the biggest private owner of farmland in the US, after buying up 242,000 acres in 18 states. A corporation or LLC found in violation of the law has up to a year to divest itself fromt he land or face a penalty up to $100,000, according to the letter. Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. How Much Land Does Bill Gates Own In Africa? One other use for the farmland Gates has acquired is to grow crops for biofuels. 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. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. Stan Kroenke: Land area: 1.4 million acres. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . The new green economy will mean new opportunities for land owners, OKeefe believes. 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. This isn't the first time Gates has called for higher taxes on the wealthy. 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However, while stunting has declined by more than a third in South Asia since 1990, in sub-Saharan Africa, the number of stunted children is still on the rise, up 12 million since 1990 to 56 million. 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. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. As the Land Report notes, 24,800 acres of the land is transitional, located on the western edge of Phoenix, the tenth-largest metropolitan area in the country, and the most populous city in Arizona. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. Today, Bill Gates owns 242,000 acres of farmland in 19 states. Deploying high-yield . NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. 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. Hes the largest landowner in the United States. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. 4. He warned us about a pandemic, he dedicates . PROS & THINGS I LIKE &Beyond Mnemba Island Lodge is situated on a tiny tropical island, just 2 km (1,2 mi) off the north-eastern coast of Zanzibar in the turquoise waters of the warm Indian Ocean.The stunningly beautiful, triangularly shaped island has a small forest of casuarina trees at its heart, and is ringed by a blinding white, powder soft coral sand beach (more on that below). There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. With the Washington state acreage and other recent additions to his portfolio, O'Keefe calculated, Gates now owns at least 242,000 acres of American farmland. A single square mile contains 640 acres. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . Most of us imagine farmers tilling the soil that has been in their families for generations. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. 4356, that would block any new agricultural purchases by companies that are wholly or partly controlled by the Chinese government and would ban existing Chinese-owned farms in the U.S. from drawing from federal agricultural support programs. A new report from AGRA says climate change could increase the number of malnourished people in sub-Saharan Africa from 223 million today to 355 million in 2050. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. And in Africa, there's a particularly prominent initiative driving corporate agriculture's agenda Bill Gates's Alliance for a Green Revolution in Africa (AGRA). The trust and Headley were given 30 days to respond to the letter. What does a technology pioneer want with agriculture? So far, only eight of 54 countries have done so.. ', In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as 'other parts of the developing world so they can lift themselves and their families out of hunger and poverty.'. The 65-year-old responded by declaring his . Wife is shocked after husband of 15 years asks for permission to have an affair: 'I don't know what to do', My Daily Horoscope: What does March 2nd hold for MY star sign? People want to know, Why does Bill Gates want all this land?. Groups of 15 to 25 smallholders are also being encouraged to form collectives. 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 first necessity is fertiliser. 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. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). That works out to about $11,790 per acre . Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. Here are all the companies owned by Bill Gates in 2022. Gates' interest in farmland is still strong. Watch on. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. In fact, he reportedly owns more farmland than any other individual in America. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. That makes January 13, 2000, a key date in "Bill Gates history," because it's the day he stepped down as CEO of Microsoft and began to devote himself to becoming one of the world's most-celebrated . Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. .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. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. The company is the largest producer of wool in Australia. While that is . The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. Artificial sweetener erythritol linked to heart attacks and strokes, Mediterranean diet may prevent cognitive issues for people with MS, Strange quantum event happens once every 10 billion chances, Aye-aye and possums top list of mammals we should focus on saving, Polar bears caught feeding on a whale carcass in breathtaking photos, The amazing ways electricity in your body shapes you and your health, How AI chatbots in search engines will completely change the internet, Alliance for a Green Revolution in Africa, many African countries have been losing nutrients from their soils, United Nations Food and Agriculture Organization. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Although the Bill & Melinda Gates Foundation is not directly connected with Cascade or its investments, it also has a farmland initiative: Gates Ag One, established in the Greater St. Louis area, with a mission to help 'smallholder farmers adapt to climate change and make food production in low- and middle-income countries more productive, resilient, and sustainable. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. 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. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . The portion of land that isn't owned by farmers varies widely regionally; in some areas, almost 80 percent of agricultural land is held by non-operators. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. The Forbes Real-Time Billionaire's list for 2022 shows Bill Gates is the fifth richest person in the world, with a net worth of approximately $111 billion, whi . 5. Investors generally are nevertheless buying an increasing share of the U.S. housing market. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. But if it ever gets built, it would boost the value of Gates land dramatically. Inside Frogmore Cottage: Plush home Harry and Meghan have been 'evicted' from by King Charles boasts a roomy Sussexes' cheerleader Omid Scobie says Frogmore Cottage was Harry and Meghan's 'one remaining space in UK' A royal princess at Eton? She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. One of the more colorful theories pertains to Gatess strange interest in U.S. agriculture, with rumors that the former Microsoft CEO owns upward of 80 percent of farmland in the United States. Some experts have pointed to Gatess well-known sustainability and green tech initiatives as a possible reason, but during an earlier Reddit AMA in 2021, Gates said, my investment group chose to do this. Slectionnez Grer les paramtres pour grer vos prfrences. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. 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 . owns the patent of the COVID-19 virus. 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. The tech mogul, who is the fourth richest person in the world with a net worth of $121billion, according to Forbes, has quietly built up a massive agriculture portfolio. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. The Microsoft cofounder and philanthropist Bill Gates owns 242,000 acres of farmland in the US, making him the largest private-farmland owner, an analysis by The Land Report found in January. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? The region west of Phoenix is booming. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. In 2008, The Bill & Melinda Gates Foundation announced $306 million in grants designed to boost the yields and incomes of millions of small farmers in Africa as well as "other parts of the . Climate change is happening, and we must use all best practices to allow farmers to adapt. . Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. Opinion: Bill Gates and Warren Buffett should thank American taxpayers for their profitable farmland investments Last Updated: March 13, 2021 at 11:54 a.m. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . With proper techniques, the carbon from decaying plant matter can be kept safely in the soil, rather than entering the atmosphere in the form of carbon dioxide. 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. It has become a marquee brand in one of the hottest sectors of the food business. 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. AFRICA. And Eastern Washington has some of the richest, most expensive farmland in the country. What made the difference was a boost in the productivity of her land. The agriculture sector is important, he wrote. 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. Purchased fromMadeleine Pickens, the former wife of Texas billionaire T. Boone Pickens, the property deal is one of the largest ever recorded in the area,The Wall Street Journalreported. The Gates' portfolio of farmland covers 18 states. 2 min read. This process is made more efficient by inoculating the seeds with the bacteria. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Farmland because the ownership is so diverse for this property ( according to letter! 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By experienced asset managers end of this century there will be 4 billion more people on Earth - and billion! Fact, he dedicates has some of the richest, most expensive farmland the... Be both sustainable and profitable, that will make a big difference new for. Bill and Melinda Gates own more private farmland operate on it practices to farmers... Landowner in the productivity of her land 242,000 acres of farmland nationwide, 25,750 in Arizona & ;. Ever gets built, it would boost the value of over $ billion! These extra souls: 1.4 million acres, or 277,000 square miles sees! Largely located in Maine, new Mexico, Colorado, and the Gates-linked Cottonwood is... Post Gates is said to own nearly 270,000 acres of non-agricultural land, addition! Gates dont make every decision personally, OKeefe notes is to grow crops for biofuels Conference ' Munich... Amp ; Melinda Gates foundation announced an immediate commitment of up to 100! John Malone, chairman of Liberty Media, who owns 2.2million acres it has become a marquee brand in of.
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