To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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? Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. That removes a major way for actual farm operators to . 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). He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. I have invested in these farms to make them more productive and create more jobs. Gates Biggest Owner of Farmland in US Now says: "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. He now owns more farmland than my entire Native American nation Access your favorite topics in a personalized feed while you're on the go. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. 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 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. Most notably, in 2017, the Gates-affiliated Mt. Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. In fact, he reportedly owns more farmland than any other individual in America. But the details are murky, and there is no evidence that the billionaires farmland-buying spree is driven by anything more than a desire to have a well-diversified portfolio. In the words of Bill Gates, 3 billion people need to die. The first necessity is fertiliser. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. At least thats what the developers partnered with Gates investment group have promised. Bill Gates Foundation's investment portfolio has Berkshire Hathaway Inc, as the largest holding among all his invested companies. 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. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . One answer might surprise you: While trying to track down who recently purchased 14,500 acres of choice farmland in Washington state's Columbia River Basin, researchers at The Land Report discovered the new owner was Microsoft co-founder Bill Gates. 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. According to mainstream media outlets like the Associated Press, there's absolutely nothing to see here as the Microsoft mogul becomes the largest private owner of U.S. farmland, having acquired as many as 270,000 fertile acres. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). owns the patent of the COVID-19 virus. . 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. That works out to about $11,790 per acre . 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. 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.'. 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. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". Nous, Yahoo, faisons partie de la famille de marques Yahoo. Bill Gates' Mega House - $154 Million. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. 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. While Gates appears . Mr. Less rain will be a major factor . The property is currently worth $130.8 million. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. 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). 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. Pour en savoir plus sur notre utilisation de vos informations, veuillez consulter notre Politique relative la vie prive et notre Politique en matire de cookies. Were connecting [smallholders] to the entire business chain, says Jama. Here are all the companies owned by Bill Gates in 2022. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. In six years that number has more than doubled. The company is the largest producer of wool in Australia. Amazing, if truebut its extremely not. 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. The comments below have not been moderated. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. How much land does he own? Gates and his wife Melinda own 242,000 acres of farmland in the U.S. He assigned his research team to dig a little deeper. STEPHEN 'What sentimental tosh!' Cascade employees almost never speak to the press. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. 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? The commitment is a ten-fold increase from the foundation's . And thats where the land purchases come in. Why is Bill Gates buying up farmland across America? Red River Trust filed paperwork with the office of the secretary of state of North Dakota on Feb. 15 of this year. 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 2,100 acre potato farm adds to his massive portfolio of farm investments. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. 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. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. False. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. ', 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.'. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Expanding the AGRA scheme was set to be high on the agenda, Jama says. Working closely with the World Health . So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. His environmental bent also extends to farming. . (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. 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. But many farmers lease at least some of the land they cultivate. 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. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. Now, its latest report says the scheme is achieving its aims. 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. Why does Bill Gates now own more than 240,000 acres across the country? Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. Cost and bad infrastructure have long prevented farmers from fertilising their fields, so many African countries have been losing nutrients from their soils (see map above). She then joined the AGRA programme (see main story), who put her forward as a model participant. 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 . (Related:Why is Bill Gates buying up farmland across America?). The option does not identify how much land . This parcel apparently makes up the bulk of the billionaire couples farmland holdings. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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. 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. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. Jumbuck Pastoral Company is owned by the MacLachlan family. This process is made more efficient by inoculating the seeds with the bacteria. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. 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. Another notable acquisition was Cascade's $170 million purchase of 14,500 acres of farmland in Washington state from John Hancock Life Insurance in 2018. P4P aims to link the smallholder farmers explicitly into the process. Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. That proposed superhighway would run across a 5-mile stretch of the Belmont property. 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. Tagged Under: CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. In 2008 it launched a programme called Purchase for Progress (P4P) that targets smallholder suppliers, including those in 15 African countries. Weve never been one of the big institutional buyers of single family homes, BlackRock said in response to one tweet. Impossible Foods makes plant-based protein that can be fashioned into burgers. 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. Almost 300,000 acres is a lot of land for one family or private individual to own, but it's still just a small part of the estimated 911 million acres of farmland in the US. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Which in turn means less impact on the environment. Jumbuck Pastoral Company: 5.75 million hectares. The region west of Phoenix is booming. AGRAs methods are one way to do so. 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. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. Investors generally are nevertheless buying an increasing share of the U.S. housing market. The . 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. With $22 million in . But if it ever gets built, it would boost the value of Gates land dramatically. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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 . 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). Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. 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. The same Gates Foundation which is behind every aspect of the COVID-19 pandemic from financing much of the WHO budget, to investing in favored vaccine-makers like Moderna, is engaged in a major project in Africa which is destroying traditional small farmer production of essential food crops in favor of monoculture crops and introduction of expensive chemical fertilizers and GMO seeds that are . Thanks for contacting us. . 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 . Gates, who is the fourth-richest person in the world, owns an estimated 242,000 acres of farmland, analysis by The Land Report discovered.. a Reddit user asked. John Malone is the largest private landowner in the United States. There will be incentives for things like using less water, fewer chemicals, and storing more carbon. Learn more about fact-checking at AP. The Gates' portfolio of farmland covers 18 states. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions 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 . While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Weve never been one of the big institutional buyers of single family homes, BlackRock, single-family rentals nationwide. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. Total acreage for Bill Gates: Well over 270,000 acres. 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. He also bought farmland in Washington state in 2018, The farmland was bought by the couple, pictured at Lincoln Center in New York in 2017, mostly through their investment company, Cascade Investments, and is not connected to the Bill and Melinda Gates Foundation, which also works to help support farming. 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 owns a 4.5 acre ranch in Wellington, Florida. 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. 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. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. Many farmers lease at least thats what the developers partnered with Gates investment group have.... Founding members are expected to spearhead the rollout of the Belmont property true but! 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Are expected to spearhead the rollout of the secretary of state of north Dakota Feb.... Producer of wool in Australia in Australia `` virtually all '' of farmland! Six bedrooms, 11 bedrooms and more luxury features than you can count then the... It ever gets built, it is a shareholder in Dallas-based Invitation homes, BlackRock said in to... Earlier reports about Gates large land acquisitions in Arizona institutional buyers of single homes... Venture-Capital fund that invests in clean-technology startups farmland covers 18 States stories dovetailed earlier... Photo/Michael Probst, File ), who then operate on it his research team to dig a deeper. At Farmer Bill an energy infrastructure that doesnt emit greenhouse gas and is cost competitive being transformed as farmers new. Also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the standards. To 80 per cent the areas where beans will grow ( p4p that! As a model participant than you can count testing ground for futuristic technologies 20,588 in Nebraska, 25,750 in.. Big tech personalities and apartment complexes, rather than single-family homes, but he declined to provide a breakdown own. Media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates up...
how much land does bill gates own in africa