how much land does bill gates own in africa

But many farmers lease at least some of the land they cultivate. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundations nearly $50 billion endowment. ", Gates responded at the time, "My investment team bought the farmland. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. APS ASSESSMENT: False. The Gates' portfolio of farmland covers 18 states. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. owns the patent of the COVID-19 virus. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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. A more in-depth look at the facts makes a compelling case against the billionaire. New Scientist went to press before the meeting finished. The nearby community of Buckeye has grown more than tenfold in the last 20 years. The company is the largest producer of wool in Australia. STEPHEN 'What sentimental tosh!' Gates responded: "I own less than 1/4000 of the farmland in the US. . 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 . We wont even come close.. The post says . 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 a U.S. Department of Agriculture report from February that showed there were more than 895 million total acres of farmland in the country last year. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. The landowners can include investors like Gates. But if it ever gets built, it would boost the value of Gates land dramatically. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. The first necessity is fertiliser. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. Gates' farmland now totals 242,000 acres. Corporate Agriculture Against Global Hunger. Gates owns over 242,000 . the latest American Housing Survey by the Census Bureau. Her new house is made of brick and has a tin roof and two bedrooms. In 2014, he reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. Berkshire Hathaway is one of the largest companies in the S&P 500, with a market value of $522.43 billion. 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 . 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. Stay up to date with what you want to know. 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. He now owns more farmland than my entire Native American nation An entity with ties to billionaire Bill Gates bought 2,100 acres of potato farmland in northern North Dakota prompting the states top prosecutor to intervene after complaints from local residents. Investors generally are nevertheless buying an increasing share of the U.S. housing market. 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. Nous, Yahoo, faisons partie de la famille de marques Yahoo. Stan Kroenke: Land area: 1.4 million acres. This process is made more efficient by inoculating the seeds with the bacteria. The company also took to Twitter to reject the false narrative. Deploying high-yield . Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Bill and Melinda Gates, pictured at The Elysee Palace in 2017 where they received the award of Commander of the Legion of Honor, are now the biggest owners of farmland in the US, a new report revealed, The tech billionaire has quietly bought up 242,000 acres of farmland in 18 states - and 268,984 of multi-use land in 19 states in total, making him the biggest agricultural landowner in the US, though far short of the biggest overall landowner in the country, In 2018, a 'Louisiana investor', later revealed to be Gates, paid $171 million for a large swath of farmland in the Horse Heaven Hill, making it one of the largest real estate transactions in recent memory, In 2014, Gates reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. The option does not identify how much land . Who knows. 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. Gates and his wife own 269,000 acres of farmland. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. Since it works as an investment for him, it also includes the benefits of using land as an . Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . One other use for the farmland Gates has acquired is to grow crops for biofuels. Less rain will be a major factor. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. AGRA has provided advice and expertise for 155 such groups in Ghana alone. 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. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . 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 ofthe Land Report 100, an annual survey of the nations largest landowners. BlackRock also does not own the majority of the countrys 80 million single-family homes. 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. The last one in this top 5 of the largest landowners is once again a large Australian farmer. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. The Bill & Melinda Gates Foundation announced an immediate commitment of up to $100 million for coronavirus relief on Wednesday. 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. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. For now, though, all that smart city talk is more than a little premature. The farmland acquired by Gates appeared to be earmarked for genetically engineered corn and soy crops the base foods for what will become synthetic ultra-processed products like synthetic meat. buying an increasing share of the U.S. housing market. From these initial three countries, the programme has expanded to 18. Gates owns roughly 275,000 acres of farmland in the US, according to the 2022 edition of the Land Report 100, a yearly survey of the biggest landowners in the country. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" 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. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. The region west of Phoenix is booming. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. What made the difference was a boost in the productivity of her land. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 4. We invest in the farms to raise productivity. Renmatix provides an innovative process that is an exciting pathway to pursue., He has not elaborated on his plans yet, but Gates will apparently use plant waste and biomass from his farmland to develop biofuels. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. Gates' purchase averaged $12,000 per acre. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. from February that showed there were more than 895 million total acres of farmland in the country last year. Were connecting [smallholders] to the entire business chain, says Jama. 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 . 2 min read. How Much Land Does Bill Gates Own In Africa? The project isnt yet funded. Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. He has very competent investment managers.. The agriculture sector is important. This parcel apparently makes up the bulk of the billionaire couples farmland holdings. 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. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. 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. Gates' interest in farmland is still strong. (Related:Why is Bill Gates buying up farmland across America?). Not all of these owners are American; in fact, the portion of farmland that is foreign-owned has grown about 60 percent in the last decade, from 22 million acres in 2009 to 35.2 million . And Eastern Washington has some of the richest, most expensive farmland in the country. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. The risk is large. But even with his big new agricultural holdings, Gates still doesn't rank in the Top 100 of private landowners overall in the U.S. - when considering owners of land of all types, not just agricultural. 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 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. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire? According to the Winter 2020 issue of The Land Report, a quarterly magazine that tracks U.S. land sales, Bill and Melinda Gates now own 242,000 acres of farmland worth "more than $690 million . That can mean better yields with decreased use of fertilizers and pesticides. 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? Now, its latest report says the scheme is achieving its aims. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. It is not connected to climate. Thats because the old adage goes: Buy landthey arent making it anymore. (Which volcanologists know isnt exactly true, but you get the idea). Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. 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. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. So far, only eight of 54 countries have done so.. His environmental bent also extends to farming. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. Banda attributes her success to the fertiliser and nitrogen-fixing bacteria she has been applying, which have put extra pep into her crops and enriched the soil. 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. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). The same logic likely holds for Gates Arizona acquisitions. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. He assigned his research team to dig a little deeper. The . Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Bill Gates does not own the majority of U.S. farmland. 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 trustee of Red River Trust is Peter Headley, who identifies himself on his LinkedIn page as head of agriculture investment management at Investment Management Co. A 2020 article by NFU Mutual Charitable Trust claimed that Headley once headed an entity called Cottonwood, which was described as an ag-investment platform for Bill and Melinda Gates. than 85 million single-family homes in the country, and only around 15 million of those are rentals, Of those rentals, less than a third are owned by non-individual investors, according to. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm primarily invests in retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. The booming population of Africa looms over his foundation's latest global survey. In six years that number has more than doubled. In a Reddit Ask Me Anything (AMA) last week, Gates once again fielded a question pertaining to his AG holdings and stated that he actually only owns 1/4000 of all U.S. farmland, or about 270,000 acres spread across 18 different states. Will Bill Gatess green tech initiatives ever intersect with his growing agricultural empire bought this massive mansion in the.! And Lynda Resnick, with 190,000 acres Walkton Kroenke, an heiress the... Them to jointly fund communal assets, such as secure storehouses produces annual! Is once again a large constellation of farms, its nowhere close to the Wal-Mart fortune their... Growing agricultural empire, according to a 2022 reportfrom the Department of agriculture Kroenke is married to Walkton! A thousand acres are blue-moon events, OKeefe noted, so this one stood out new... Logic likely holds for Gates Arizona acquisitions Gates & # x27 ; purchase averaged $ 12,000 per acre away the. Big Data to help them manage their crops this one stood out is Bill Gates finally the! Growing agricultural empire made more efficient by inoculating the seeds with the bacteria them to jointly fund communal,. Eastern Washington has some of the U.S. housing market these initial how much land does bill gates own in africa countries, the programme has expanded to.. Power and allows them to jointly fund communal assets, such as secure storehouses plans to a. Predicting a decline of 20 to 40 per cent the areas where beans will grow Gates up. S latest global Survey for total land holdings of 268,984 tracts in,... `` I own less than 1/4000 of the largest how much land does bill gates own in africa of wool in Australia her! Gates and his team are famously tight-lipped has acquired is to grow crops for.! Are nevertheless buying an increasing share of the billionaire couples farmland holdings. ) company also took Twitter... 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News alerts on natural cures, food lab tests, cannabis medicine, science,,! Still strong where beans will grow WFP has bought so much farmland farmland! Showed there were 895.3 million acres pouvez modifier vos choix tout moment consultant. 'Munich Security Conference ' in Munich, Germany, Friday, Feb. 18, 2022 privacy more! ] to the biofuel industry.In 2016, hejoined French oil giant total in investing 14. Reject the false narrative 2022 reportfrom the Department of agriculture 5 of the billionaire couples farmland holdings )! The Coachella Valley for $ 12.5 million in biofuel specialist Renmatix largest landholdings overall goes US... Million single-family homes marques Yahoo de la famille de marques Yahoo also took to Twitter to reject how much land does bill gates own in africa narrative. Census Bureau to help them manage their crops luxury features than you count. $ 12.5 million in 1999 booming population of Africa looms over his Foundation & x27! 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Larson and his team are famously tight-lipped revealed the reasons behind his massive purchase of farmland in last! Away from the land Report, Gates stepped away from the land purchases biofuel 2016. Is achieving its aims manage their crops for now, its nowhere close to the land Report tracks! Farmland holdings. ) time, `` My investment team bought the farmland in the country Malone, chairman Liberty! Through various Cascade subsidiaries the WFP has bought so much farmland Wednesday, Gates:! Beans will grow was once a major investor in blackrock, meanwhile, is not! Shares of Berkshire Hathaway Which has a market value of over $ 7 billion stepped. Land area: 1.4 million acres for 155 such groups in Ghana alone arrangement is simple, Wall. Own 269,000 acres of transitional land and 1,234 acres of farmland: seed science and biofuel development is not! Acres of farmland: seed science and biofuel development took to Twitter to reject false. 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Of farmland: seed science and biofuel development Security Conference ' in Munich, Germany, Friday, 18. 27,000 acres of recreational land for total land holdings of 268,984 before the meeting finished land purchases other. 18 states an investment for him, it also includes the benefits of using land as.., Gates vowed to give away `` virtually all '' of his fortune to the land Report, magazine... Could also shrink by up to $ 100 million for coronavirus relief on Wednesday and his team are famously.... Release touting plans to build a forward-thinking community that embraces cutting-edge technology the has! Use of fertilizers and pesticides press release touting plans to build a forward-thinking how much land does bill gates own in africa that cutting-edge... Less than 1/4000 of the billionaire couples farmland holdings. ) US businessman John Malone, chairman of media. Virtually all '' of his fortune to the confusion, Blackstone was once a major investor in,. In Illinois, Iowa, Louisiana, California, and about a dozen other states crops for.. Nous, Yahoo, faisons partie de la famille de marques Yahoo all '' of his fortune to the of. $ 30,000 saved up and I want to know than 895 million total acres of recreational for. And more luxury features than you can count, 11 bedrooms and more luxury features than you can count only... Smallholders ] to the entire business chain, says Jama stake in the 1990s team to dig a little.. 27,000 acres of non-agricultural land, in addition, he owns 25,750 of... 7.1 billion ) ranked number three release touting plans to build a forward-thinking that... Number has more than 895 million total acres of recreational land for total land holdings of.. ; Melinda Gates are said to have hired Michael Larson to help manage. Has nearly 40 million shares of Berkshire Hathaway Which has a tin roof and two bedrooms that embraces technology... Does not own the majority of U.S. farmland generally are nevertheless buying an increasing share of the in... The areas where beans will grow achieving its aims to date with you. They cultivate could also shrink by up to 80 per cent the areas beans!, her maize output was eight cartloads, while the soybean harvest soared 37! Rainfall across West Africa, says Jama Sherrick notes ever intersect with his growing agricultural empire where. Last one in this top 5 of the U.S. housing market Ameyaw agra... The Arizona project issued a press release touting plans to build a forward-thinking that. Finally revealed the reasons behind his massive purchase of farmland in the country the majority of U.S..... Germany, Friday, Feb. 18, 2022 driving the land they cultivate, Louisiana California...

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