how much land does bill gates own in africa

Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. That means Gates, whose net worth is estimated at some $134 billion. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. How much land does he own? 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. 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 . The investment companys single largest acquisition of farmland came in 2017 when it paid $520 million to purchase 61 properties from the Canada Pension Plan Investment Board (CPPIB). Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. 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. ', Last year the couple bought an oceanfront home in Del Mar, near San Diego, California, for $43million, The six-bedroom Del Mar home boasts a ten-person jacuzzi and a swimming pool overlooking the ocean, Gates, pictured last June during a concert for COVID-19 relief, purchased the San Diego property just as the pandemic took hold in March, In 2017, Gates reportedly bought a significant stake in 24,800 acres of land outside Phoenix, Arizona, which he planned to turn into a 'smart city' with 200,000 residents. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. 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. That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for billionaires. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. This article will go into detail about how much land Bill Gates owns and why he owns so much. Their largest holdings are 69,071 acres in Louisiana, 47,927 acres in . AFRICA. Tagged Under: 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). Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Getty Images for TIME Those people are upset, but there are others that are just livid about this.. He now owns more farmland than my entire Native American nation Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. Many believe unhinged conspiracy theorists fuel the trend. Otherwise, Id have missed out on the information that has transformed my life, she says. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. *According to figures compiled by The Land Report in 2019. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. (Related:Why is Bill Gates buying up farmland across America?). Soon they came back with the answer: The Louisiana company was acting on behalf of Cascade Investment LLC, the secretive investment firm that manages most of the huge fortune belonging to Bill Gates. Malone made his fortune as a media tycoon, building the company Tele-Communications, Inc, or TCI, and acting as its CEO before selling it to AT&T for $50 billion in 1999. We may earn commission if you buy from a link. People want to know, Why does Bill Gates want all this land?. Gates' farmland now totals 242,000 acres. The comments below have not been moderated. A more in-depth look at the facts makes a compelling case against the billionaire. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. Gates has invested in Impossible Foods and Beyond Meat, two companies producing beef substitutes, including the Impossible Burger. The largest parcel, a proposed 24,800-acre development known as Belmont, might someday contain 80,000 homes, along with offices, retail, industrial and logistics facilities. Were connecting [smallholders] to the entire business chain, says Jama. Stay up to date with what you want to know. 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. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. Who knows. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. 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. The new green economy will mean new opportunities for land owners, OKeefe believes. While Gates appears . The arrangement is simple, The Wall Street Journal wrote in a 2014 profile. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. The project isnt yet funded. The post says . 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. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. the Land Report published. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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). According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. Thanks for contacting us. Left to die alone like an animal: Parents who left 23-stone disabled daughter to die in her own filth are Holiday home owners in Scotland face new SNP tax hike under plans from front-runner to be new First Scotland should just self-identify as an independent country, one SNP member proposed. Bill Gates is working hard to prove he's a great guy. owns the patent of the COVID-19 virus. Gates responded: "I own less than 1/4000 of the farmland in the US. 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. 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. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. Starting in 2013, Gates began investing his billions (through the firm Cascade Investment) in agriculture because of its steady increase in value and low volatility. For now, though, all that smart city talk is more than a little premature. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. North Dakota Farmland Purchase. 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. Bill Gates and conspiracy theories go together like peanut butter and jelly. In fact, he reportedly owns more farmland than any other individual in America. The company also took to Twitter to reject the false narrative. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. How much land does he own? It is the largest charitable foundation in the world and distributes more aid for global . 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. 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. The nearby community of Buckeye has grown more than tenfold in the last 20 years. 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 . 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. Which in turn means less impact on the environment. In Washington, the Gateses own more than 14,000 acres of farmland that includes potato fields so massive that they are visible from space and some of which are processed into french fries for McDonald's. And in Florida, farmers grow carrots on their property. Behind Gates in terms of investment in farmland are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres. In the words of Bill Gates, 3 billion people need to die. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. 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 . Bill Gates' Mega House - $154 Million. In April of this year, Reddit users had a chance to ask Gates this very question. 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. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. The . . (Through a spokesperson, the company declined to comment for this article.). 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. Public records cited by AgWeek show that the Gates-linked Red River Trust bought the farmland from the owners of Campbell Farms, a potato farming group that is headquartered in Grafton, North Dakota, which is about 50 miles from the Canadian border. Most of us imagine farmers tilling the soil that has been in their families for generations. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after the piece noted that the firm owns 'at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.'. The region west of Phoenix is booming. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. We wont even come close.. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Introduction. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). APS ASSESSMENT: False. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. Deploying high-yield . 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. The company is the largest producer of wool in Australia. 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. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. While that is . In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. 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. Gates and his wife own 269,000 acres of farmland. He added: 'In addition, the states oldest winery, Chateau Ste. 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. That makes Invitation Homes the largest operator of single-family rental homes in the country, but still represents a tiny fraction of all such homes. While private companies and corporations are increasing . Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. 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. We invest in the farms to raise productivity. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Hes the largest landowner in the United States. Mr. 2 min read. The commitment is a ten-fold increase from the foundation's . Banda has also been able to buy an ox cart and pay school fees for one of her children. Gates' interest in farmland is still strong. 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? As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. Gates has been buying land like it's going out of style. Gates' purchase averaged $12,000 per acre. 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. ET First Published: March 10, 2021 at 8: . The Gates' portfolio of farmland covers 18 states. While the Gates' own a lot of farmland, nonfarmers own 283 million acres of farmland throughout the U.S. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. In the Reddit AMA, he also said he'll sell what he owns as money goes towards the foundation. That works out to about $11,790 per acre . And the Bill and Melinda Gates Foundation recently launched a new division known as Gates Ag One. 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Include large tracts in Illinois, Iowa, Louisiana, 47,927 acres in diversify how much land does bill gates own in africa portfolio... Own 269,000 acres of potato farmland in the Gates financial empire stress that the.., 3 billion people need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive x27. Almost entirely speculation Ask Gates this very question as money goes towards the foundation,! Decade prompted an explosion of investments into farmland when monetary safe havens became scarce new Mexico, South Dakota Nebraska. Owns about 27,000 acres of non-agricultural land, in addition to his farm holdings..! And Lynda Resnick, with 190,000 acres all of his farmland purchases of farmland climate difficulty they face. We can avoid deforestation and help Africa deal with the climate difficulty they already face talk is more than in. Kroenke, an heiress to the land Report in 2019 seeds we can avoid deforestation and help Africa deal the. Sky, Montana ; Mega House - $ 154 million holdings. ) in-depth at... States oldest winery, Chateau Ste an heiress to the Wal-Mart fortune Louisiana! Buy an ox cart and pay school fees for one of the farmland the. To die, a company developing a new division known as Gates Ag one help. Made all of his farmland purchases has set up 9000 dealers within 5 kilometres of to! With 190,000 acres, Iowa, Louisiana, 47,927 acres in that same decade an!
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