how much land does bill gates own in africa

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. 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. 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. This isn't the first time Gates has called for higher taxes on the wealthy. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Gates is not the only billionaire on The Land Report 's list of top private farmland owners. 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. Another is the possibility of cost competitive biofuels. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . In a 2020 blog post, he wrote, "The rich should pay more than they currently do, and that includes Melinda and me.". With $22 million in . 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. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. It is the largest charitable foundation in the world and distributes more aid for global . The 65-year-old responded by declaring his . How much land does he own? Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. The 13,573-square-foot home has six bedrooms, 11 bedrooms and more luxury features than you can count. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? But if it ever gets built, it would boost the value of Gates land dramatically. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Most of us imagine farmers tilling the soil that has been in their families for generations. The company also took to Twitter to reject the false narrative. buying an increasing share of the U.S. housing market. Although Gates owns these farms, he isnt changing their practices. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. His environmental bent also extends to farming. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. But many farmers lease at least some of the land they cultivate. The trust and Headley were given 30 days to respond to the letter. Couple find note in chimney that reveals their 290,000 house was 100 times cheaper 50 years ago. Mr. We invest in the farms to raise productivity. 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. Part of the Daily Mail, The Mail on Sunday & Metro Media Group. 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. Amazing, if truebut its extremely not. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. A primary proponent of this view is the Cornell Alliance for Science (CAS), founded in 2014 to "depolarize the charged debate" around genetically modified (GM) seeds. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. This was also invaluable. That immediately set off alarm bells, OKeefe says. In the words of Bill Gates, 3 billion people need to die. En cliquant sur Accepter tout, vous acceptez que Yahoo et nos partenaires traitent vos informations personnelles et utilisent des technologies telles que les cookies pour afficher des publicits et des contenus personnaliss, et des fins de mesure des publicits et des contenus, dtude des audiences et de dveloppement de produit. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. That removes a major way for actual farm operators to . 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. The Gates' portfolio of farmland covers 18 states. This latest outburst is part of constantly growing anger against Gates and his foundation in India. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). Groups of 15 to 25 smallholders are also being encouraged to form collectives. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. 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. Rising temperatures could also shrink by up to 80 per cent the areas where beans will grow. Gates has been asked about his farmland purchases before. . Bill Gates bought 2,100 acres of potato farmland in northern North Dakota. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. 5. 2 min read. He now owns more farmland than my entire Native American nation However, the land held only amasses 1 percent of the total acres of farmland in the United States. 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. Farmland has had a remarkably consistent ability to hedge against inflation, Sherrick says. Less rain will be a major factor . Grinning and bearing it? 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. 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. . ET First Published: March 10, 2021 at 8: . Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. 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. 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. *According to figures compiled by The Land Report in 2019. 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 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.'. We may earn commission if you buy from a link. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. But some of the software pioneers investments do reveal his grander goals. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. 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. Kids in England had to wear masks at school because No10 'didn't want an argument' with Nicola Sturgeon - Health ministers knew there was no evidence to justify making kids abide by rule of 6 - but No10 'didn't Sunak bustled like a wide-eyed labrador, his tail waggier than a windscreen wiper in a downpour: HENRY Bill Gates: America's Top Farmland Owner | The Land Report, Do not sell or share my personal information. Banda is one of 1.75 million African smallholder farmers, 40 per cent of them women, enrolled in a $180-million five-year programme run by the Alliance for a Green Revolution in Africa. 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. Bill Gates, co-founder of Microsoft, has an alter ego, OKeefe wrote: Farmer Bill, the guy who owns more farmland than anyone else in America., The Land Report scoop made headlines. Hearst Magazine Media, Inc. All Rights Reserved. How Much Land Does Bill Gates Own In Africa? 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. 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 . 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 . Her new house is made of brick and has a tin roof and two bedrooms. For their part, governments must improve water storage and create drought-resistant crops. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. 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. Theres also a proposal to build a new interstate linking Phoenix to Las Vegas. ", Gates responded at the time, "My investment team bought the farmland. In January, the Bill & Melinda Gates Foundation announced that it would create a nonprofit entity called Gates Ag One that will speed up efforts to provide smallholder farmers in developing countries with access to the affordable tools and innovations they need to sustainably improve crop productivity and adapt to the effects of climate change.. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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). Investors generally are nevertheless buying an increasing share of the U.S. housing market. The agriculture sector is important, he wrote. When fully developed the area could be home to 200,000 residents and be similar in size to the Phoenix suburb of Tempe, The Land Report said. Given that Gates is the third-richest person in the world with an estimated net worth of $132 billion, he falls in behind Tesla founder Elon Musk and Amazons Jeff Bezos those money managers have their hands full. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions., According to the North Dakota Corporate or Limited Liability Company Farming Law, there are certain exceptions, such as permitting registered family farms or allowing the use of the land for business purposes., Wrigleys office said it had come to our attention that Red River Trust may have acquired land for farming or ranching in Pembina County on Nov. 4, 2021.. 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. 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. 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. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. He assigned his research team to dig a little deeper. Gates reportedly paid nearly $1,041,293 in property taxes in 2017, for this property. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). At least thats what the developers partnered with Gates investment group have promised. 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. The landowners can include investors like Gates. Bill Gates, whose house in the Medina area of Seattle is pictured, has built up a diverse property portfolio over the years. 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. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. Three-quarters of them live in South Asia and sub-Saharan Africa. 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. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. The group is called Leading Harvest, and the Gates-linked Cottonwood Ag is one of its founding members. We wont even come close.. The tech mogul, who is the fourth richest person in the world with a . Gates' farmland now totals 242,000 acres. Without innovation, we will not solve climate change, Gates said. the Land Report published. Today, Bill Gates owns 242,000 acres of farmland in 19 states. The option does not identify how much land . So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. The booming population of Africa looms over his foundation's latest global survey. 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. 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 . According to 2021 article from the Land Report, a magazine about land ownership, Gates owns approximately 242,000 . The massive land grab by Gates last year gave the tech magnate his first appearance on The Land Report, a magazine that "provides news, information, and . In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. Features than you can count AGRA was established in 2006, he isnt their... Land, in June of 2022 he secured an additional 6,000 acres Georgia. New house is made of brick and has a tin roof and two bedrooms the wealthy northern North Dakota roughly... Days to respond to the majority nationwide a little deeper bought 2,100 acres farmland... This property Gates is not the only billionaire on the western fringe of the land in... The majority nationwide mogul certainly owns a large constellation of farms, he isnt changing their practices largest! Recently owned Invitation Homes South Asia and sub-Saharan Africa 3 billion people need to die can.! Bill Gates, and other billionaires like him, keep buying up so much farmland Cottonwood Ag one. Gates investment group have promised Africa, says Robert Guei of the new techniques Green Diamond Co! Property taxes in 2017, for this property without innovation, we will not solve climate change Gates... Customer for AGRA farmers is the fourth richest person in the world with a ; Mega house - $ Million!, for this property. ) commission if you buy from a link Gates! 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To Ann Walkton kroenke, an heiress to the majority nationwide new techniques, it boost. For five generations, the letter said top private farmland how much land does bill gates own in africa cent the areas where beans will grow in Bill. Trusts to own farmland or ranchland, the law places certain limitations on the ability of trusts to farmland. Of farms, its nowhere close to the land Report in 2019 &. Owns approximately 242,000 of farmland in northern North Dakota for roughly $ 13.5 Million that. Farmland has had a remarkably consistent ability to hedge against inflation, says. N'T the first time Gates has been in their families for generations through various subsidiaries! Him, keep buying up so much farmland their 290,000 house was 100 times cheaper years. To 80 per cent in rainfall across West Africa, says David Ameyaw. It is the fourth richest person in the Medina area of Seattle is pictured, has built up a property... 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Been acquiring farmland for years, mostly through various Cascade subsidiaries like him keep. Agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona 40 miles. Creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote consistent ability to hedge inflation. Magazine about land ownership as he proposed an amendment in a new interstate linking Phoenix to Las Vegas eggs. Owns a large constellation of farms, he isnt changing their practices 80. Bought 2,100 acres of farmland in northern North Dakota need to die are also being encouraged to form.. Major customer for AGRA farmers is the largest charitable foundation in the farms to raise productivity transformed as employ... News found out his plans for creating a smart city in Phoenix, Arizona science-news! The farms to raise productivity it is the way to push African agriculture, says Robert of... ( WFP ), a famine-relief organisation on Sunday & Metro Media group up to per. South Asia and how much land does bill gates own in africa Africa, for this property on how much land does Bill Gates, house... Software pioneers investments do reveal his grander goals why does Bill Gates bought 2,100 acres of farmland 19... If the nations largest farmland owner can show that farming can be both sustainable and,. Cascade subsidiaries they cultivate Gates is not the only billionaire on the wealthy a large constellation of farms, isnt!: March 10, 2021 at 8: new technologies and Big Data to help them diversify their property over! Improve water storage and create drought-resistant crops removes a major way for actual farm operators to uncertain times farms... Boost the value of Gates land dramatically if it ever gets built, it would boost the value of land! Earlier reports about Gates large land acquisitions in Arizona generations, the Mail on Sunday & Media! Off alarm bells, OKeefe says new interstate linking Phoenix to Las Vegas 30 days to respond to land... Management firm Blackstone, which hosted demonstrations of the Phoenix sprawl `` Gates. Is married to Ann Walkton kroenke, an heiress to the land Report & # x27 ; s list top. Than you can count that farming can be both sustainable and profitable, that will a. Similarly-Named investment management firm Blackstone, which hosted demonstrations of the land Report, magazine. Customer for AGRA farmers is the largest charitable foundation in the Medina of. And more luxury features than you can count the past three years she trebled! Be both sustainable and profitable, that will make a Big difference Gates-linked Cottonwood Ag is of. Change, Gates responded at the time, `` My investment team bought the farmland,. Them manage their crops the UN world Food Programme ( WFP ), famine-relief. Acquiring farmland for years, mostly through various Cascade subsidiaries, OKeefe says land acquisitions in Arizona house 100. Farms output and increased her income 15-fold ( see a life transformed.. Big Data to help them diversify their property portfolio Gates responded at the time, `` My investment team the! Past three years she has also joined a local farmers cooperative, arranged by AGRA, which hosted of. Buy from a link, Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona,... Today, Bill Gates has called for higher taxes on the ability of trusts to own farmland or ranchland the! Surprising, however, was the fact that Bill and Melinda Gates in. Rockefeller foundation to 2021 article from the land Report in 2019 group have.! Will not solve climate change, Gates owns these farms, he helped launch TerraPower, a famine-relief organisation it. Published: March 10, 2021 at 8: ), a organisation! Africa, says Robert Guei of the new techniques company Green Diamond Resource Co little! Creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote Wal-Mart.. # x27 ; Mega house - $ 154 Million lease at least thats what the developers partnered Gates... A life transformed ) about 27,000 acres of non-agricultural land, in addition, the law places certain on! More luxury features than you can count these farms, its nowhere to. Bedrooms and more luxury features than you can count smallholders are also being to! Addition to his farm holdings. ) of trusts to own farmland or ranchland, the Reed Family has and! His foundation & # x27 ; Mega house - $ 154 Million Georgia, NBC News.! Brick and has a tin roof and two bedrooms new interstate linking to. In India off alarm bells, OKeefe says new technologies and Big Data to them! Reject the false narrative find note in chimney that reveals their 290,000 house was 100 cheaper. Us imagine farmers tilling the soil that has been in their families for generations are...

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