- Invoice Gates owns extra non-public farmland within the US than anybody else, an evaluation by The Land Report discovered.
- His 242,000 acres of farmland stretch throughout 18 states from Washington to Florida, in accordance with The Land Report.
- Behind Gates are the cofounders of the Great Firm, Stewart and Lynda Resnick, with 190,000 acres, the report mentioned.
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The Microsoft cofounder and philanthropist Invoice Gates owns 242,000 acres of farmland within the US, making him the biggest private-farmland proprietor, an evaluation by The Land Report discovered.
Gates, whose internet value of practically $121 billion makes him the world’s fourth-richest individual, and his spouse, Melinda Gates, maintain an in depth farmland portfolio stretching over 18 states, in accordance with The Land Report.
The Gates household’s greatest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres), and Nebraska (20,588 acres), the report mentioned.
Their farmland is held each immediately and thru Cascade Funding, a agency managed by Gates to handle his investments, in accordance with The Land Report.
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Gates additionally owns a number of thousand acres of transitional land. The Arizona Republic reported in 2017 that about 25,000 acres close to Phoenix that Cascade Funding purchased a “important stake” in had been being reworked right into a suburb with house for 80,000 properties; greater than 4,000 acres for colleges, workplaces, and shops; and three,400 acres of open house.
Gates’ farmland possession is not totally stunning. In 2017, the Invoice and Melinda Gates Basis pledged $300 million over three years to help analysis to assist low-income farmers in Asia and Africa adapt to local weather change.
The next 12 months, the Gates Basis introduced it might make investments $40 million in analysis to assist breed chickens that lay better-quality eggs and cows that produce extra milk for farms in South Asia and Africa.
Runners-up in The Land Report’s rankings had been the Offutt household, whose historical past in farming dates again to 1964, with 190,000 acres.
Stewart and Lynda Resnick, the cofounders of the funding agency the Great Firm, additionally personal 190,000 acres of farmland within the US, in accordance with The Land Report. They personal the model behind Great Pistachios, POM Great, and Great Halos Mandarins.
Although Gates is the US’s high farmland proprietor, in accordance with The Land Report, he is removed from the largest landowner. The highest spot in The Land Report’s record of the 100 largest US landowners in 2019 belonged to John Malone, the billionaire businessman, landowner, and philanthropist, with 2.2 million acres of land.