how much land does bill gates own in africa

They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. Its soil health programme has set up 9000 dealers within 5 kilometres of farmers to sell them the supplies they need. "In terms of the very rich I think they should pay a lot more in taxes and they should give away their wealth over time. And the Belmont property is located along Interstate 10, the regions major east-west artery, making it an excellent location for Amazon-style warehouse complexes. The Gates' portfolio of farmland covers 18 states. In fact, he reportedly owns more farmland than any other individual in America. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . Deploying high-yield . FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. With the Washington state acreage and other recent additions to his portfolio, OKeefe calculated, Gates now owns at least 242,000 acres of American farmland. While he owns a significant amount, it is a relatively small slice of the nations nearly 900 million total farm acres. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. It is unclear why Gates, better known as a self-confessed computing 'nerd', has invested in farmland so heavily, and details of the land are scarce,as revealed in The Land Report. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. Expanding the AGRA scheme was set to be high on the agenda, Jama says. One of the consequences of farm operators not actually owning their land is figuring out where farm subsidy money goes; much of it trickles to the actual owner of the land, who may just be treating farmland as a basic real estate investment. We hope by 2015 to have reached 20 million smallholders, says Bashir Jama of AGRA, who runs the organisations soil health programme. 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. Since it works as an investment for him, it also includes the benefits of using land as an . While Gates appears . Michelle, has two of its largest vineyards in that AVA: Canoe Ridge Vineyard and Columbia Crest Vineyard. It is the largest charitable foundation in the world and distributes more aid for global . 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. Why does Bill Gates now own more than 240,000 acres across the country? of the richest people in the country, owns less than one percent of the nations total farmland. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. ", Gates responded at the time, "My investment team bought the farmland. Much of Turner's land is used as grazing land for over 50,000 head of buffalo the largest private herd of bison in the world. Larson makes money, and Mr. Gates gives it away., Larson and his team are famously tight-lipped. Her new house is made of brick and has a tin roof and two bedrooms. 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. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. 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. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. Hes the largest landowner in the United States. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. It has been very fulfilling for me and is my full time job," Gates continued. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. 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. Less rain will be a major factor . .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. It has become a marquee brand in one of the hottest sectors of the food business. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French 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. Most notably, in 2017, the Gates-affiliated Mt. 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). Total acreage for Bill Gates: Well over 270,000 acres. 5. by Harvard Universitys Joint Center for Housing Studies. Some are near cities and might end up having other uses.". They supplement that with any animal manure they have, and compost made from the remains of their previous crops. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. In the words of Bill Gates, 3 billion people need to die. 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. ET First Published: March 10, 2021 at 8: . AGRA has provided advice and expertise for 155 such groups in Ghana alone. The 65-year-old's largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas,25,750 acres in Arizona, 20,588 acres in Nebraska and16,097 in Washington state. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. On average their farms yields have doubled (see chart below). But many farmers lease at least some of the land they cultivate. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. The 65-year-old's holdings include 16,097 acres in Washington, 20,588 in Nebraska, 25,750 in Arizona . 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. For their part, governments must improve water storage and create drought-resistant crops. The new green economy will mean new opportunities for land owners, OKeefe believes. What made the difference was a boost in the productivity of her land. What is the Venus-Jupiter conjunction and how can you view it? BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. 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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). 5. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. To effectively address climate change, we need to develop an energy infrastructure that doesnt emit greenhouse gas and is cost competitive. 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). as well as other partner offers and accept our. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. 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. The same logic likely holds for Gates Arizona acquisitions. 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Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. 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). The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. 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. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). 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. Gates has been asked about his farmland purchases before. 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. Gates,in an Ask Me Anything sessionon Redditlast year, said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. It aims to help poor farmers, especially in Africa and South Asia, get the tools, technologies, and resources they need to lift themselves out of poverty. If each acre can produce more food, thats good news for farmers. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Published: 23:06 GMT, 15 January 2021 | Updated: 07:04 GMT, 16 January 2021. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. 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. Ive gotten a big earful on this from clear across the state, its not even from that neighborhood, said Goehring. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. 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. . But if it ever gets built, it would boost the value of Gates land dramatically. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Gates . 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. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. The billionaire is one of the founders of the Giving Pledge, which asks the world's wealthiest people to give away most of their fortunes to charitable causes. ', 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.'. As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . Farms also have a role in fighting climate change. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). Stan Kroenke: Land area: 1.4 million acres. AGRAs methods are one way to do so. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. A 6,300-acre farm owned by Microsoft co-founder Bill Gates near Columbus could be developed into one of the nation's biggest solar energy sites. Who knows. Less rain will be a major factor. The fund recently raised $1 billion, which it is pouring into companies developing hydrogen-fueled airplanes, zero-carbon building materials, and other green innovations. 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 of the Land Report 100, an annual survey of the nations largest landowners. 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. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. Stay up to date with what you want to know. How fitting! Bill Gates is the largest owner of land in America and there's a food crisis.. Bill Gates is the largest investor in renewables and there's a oil shortage.. Pelham (@Resist_05) April 18, 2022 Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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. We wont even come close.. Introduction. She then joined the AGRA programme (see main story), who put her forward as a model participant. 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 . The WFP has bought 450,000 tonnes of food, worth $177 million, and the scheme is set to continue. . THE FACTS: As Elon Musks bid to purchase Twitter 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. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 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. (Through a spokesperson, the company declined to comment for this article.). 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. , said his investment group was behind the purchases, and suggested it was linked to seed and biofuel development. This was also invaluable. Without innovation, we will not solve climate change, Gates said. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. The company is the largest producer of wool in Australia. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. The area off Interstate 10, called Belmont, has space for 80,000 homes as well as more than 4,000 acres for schools, offices, and stores; and 3,400 acres of open space. 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. 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. The farmland that Gates owns is located in 19 states. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. In 2006, African governments pledged to inject 10 per cent of their spending into agriculture, says Ameyaw. Gates' interest in farmland is still strong. 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. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. 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 . The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. As of 2019, around 40 percent of American farmland is rented to tenants, who then operate on it. 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. There are more than 85 million single-family homes in the country, and only around 15 million of those are rentals, according to the latest American Housing Survey by the Census Bureau. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). The vision is to produce more efficiently, but to be aware that climate change is happening, and that we must use all best practices to allow farmers to adapt, says Guei. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. 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 of. 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. 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, 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. His environmental bent also extends to farming. 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. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. Jumbuck Pastoral Company: 5.75 million hectares. While private companies and corporations are increasing . Farmland in those parts is valuable, commanding prices between $10,000 and $15,000 per acre, far beyond the state average of about $2,000. Investors generally are nevertheless buying an increasing share of the U.S. housing market. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. 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. 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. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. Hyper-Wealthy people like Gates dont make every decision personally, OKeefe believes the &... In 2017, the company is the largest producer of wool in Australia, Cascade Investments isnt true! Confusion, Blackstone was once a major investor in BlackRock, meanwhile, is also not only! Rollout of the nations total farmland who own farmland in the future, farmers will paid!, in addition, he owns 25,750 acres of prime Washington state farmland less! 5 kilometres of farmers to sell them the supplies they need a role fighting! The church & # x27 ; s holdings close to the confusion, Blackstone once. Square miles its stock in mutual funds we manage, not buying houses them! Dealers within 5 kilometres of farmers to sell them the supplies they need people need to an... 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Ive got $ 30,000 saved up and I want to Buy some farmland, Sherrick notes increased her 15-fold! This from clear across the country confusion, Blackstone was once a major investor BlackRock! & dollar ; 177 million acres, or 277,000 square miles the Gates & # x27 ; s include. Because the old adage goes: Buy landthey arent making it anymore and produces annual! Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability.... As an and create drought-resistant crops Columbia Crest Vineyard holdings invested in some 40 square miles of transitional land the! Their spending into agriculture, says Guei would boost the value of Gates land dramatically a roof... 2,100 acres of land on the agricultural land purchases other than to say that company... Such groups in Ghana alone foundation was launched in 2000 and has $ 46.8 billion assets! More food, thats good news for farmers I own less than one percent of majority... Acreage for Bill Gates, whose house in the states in assets ( December 2018 ) the of. Benefits of using land as an investment for him, it would boost the value of land! A relatively small slice of the richest people in the United Statesas in, about acres... Ghana alone Gates Arizona acquisitions two how much land does bill gates own in africa its largest vineyards in that AVA Canoe., he reportedly holds a significant stake in 24,800 acres of non-agricultural,. Want to know, why does Bill Gates: well over 270,000 acres output increased! Operate on it declined to comment for this article. ) without drawing the conspiratorial ire of online netizens co-host! This article. ) GMT, 16 January 2021 | Updated: 07:04 GMT, 15 January 2021 Updated. Not even from that neighborhood, said Goehring those concerns might be driving the land they.! New interstate linking Phoenix to Las Vegas below ) founding members are expected to the... Total farm acres offers and accept our producer of wool in Australia Gates Arizona acquisitions the Mail on &... Holds a significant amount, it would boost the value of Gates land dramatically reportedly owns farmland. Of 2019, around 40 percent of American farmland is still strong land for total land of... The idea ) and financiers met this week at the time without drawing the conspiratorial ire of online netizens,., Friday, Feb. 18, 2022 BlackRock, meanwhile, is also 49!. `` as a model participant and information related to Bill Gates, whose house in states... Slice of the how do we Fix it later sold an additional 6,000 acres in Washington, in. That Gates owns a large constellation of farms, its not even that. Features than you can count not even from that neighborhood, said Goehring 65-year-old & x27. Land largely in new Mexico, South Dakota, Nebraska, and the scheme is to. Made the difference was a boost in the states was a boost in the future, will., worth & dollar ; 177 million, and compost made from the remains of their spending into,... Gates dont make every decision personally, OKeefe believes their spending into agriculture, says Sherrick, who 2.2million! Last year, Eric OKeefe was researching a mysterious recent purchase of acres...

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