how much land does bill gates own in africahow much land does bill gates own in africa

Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. ', 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. of the richest people in the country, owns less than one percent of the nations total farmland. owns the patent of the COVID-19 virus. His magazine, The Land Report, tracks major land transactions and produces an annual list of the 100 biggest US landowners. AGRAs methods are one way to do so. This article appeared in print under the headline Bringing Africas farms back to life, Explore the latest news, articles and features, Island-hopping cougars swim kilometres through icy water off US coast, This new version of quantum theory is even stranger than the original. 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. In 1994 Bill and Melinda Gates are said to have hired Michael Larson to help them diversify their property portfolio. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. And Eastern Washington has some of the richest, most expensive farmland in the country. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. 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. Gates and his wife paid almost $171 million for 14,500 acres of farmland in the Horse Heaven Hills of Benton County, Wash., according to The Land Report. More surprising, however, was the fact that Bill and Melinda Gates own more private farmland . He now owns more farmland than my entire Native American nation 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. Farmers groups, agriculture ministers, scientists and financiers met this week at the African Green Revolution Forum in Addis Ababa, Ethiopia. Bill Gates is one of the richest men in the world, but his wealth pales in comparison to that of other billionaires. False. But many farmers lease at least some of the land they cultivate. 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 . 5. Tagged Under: 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. 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. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. Jumbuck Pastoral Company is owned by the MacLachlan family. Banda has also been able to buy an ox cart and pay school fees for one of her children. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. It is the largest charitable foundation in the world and distributes more aid for global . Of those rentals, less than a third are owned by non-individual investors, according to a 2022 report by Harvard Universitys Joint Center for Housing Studies. So far, only eight of 54 countries have done so.. We already buy 80 per cent of our produce from developing countries, but those that bid for the contracts are usually the larger companies and farms, says Ahnna Gudmunds, the schemes advocacy officer. Bill Gates now owns the most farmland of anyone in the United States, according to a recent report from The Land Report . North Dakota Farmland Purchase. But if it ever gets built, it would boost the value of Gates land dramatically. North Dakota Agriculture Commissioner Doug Goehring told KFYR that public reaction to the purchase has been largely negative. Our office needs to confirm how your company uses this land and whether this use meets any of the statutory exceptions, such as the business purpose exception, so that we may close this case and file it in our inactive files, the letter says. Posted by Triple Net Matt July 4, 2022 Posted in commercial real estate Tags: bill gates, commercial broker, commercial real estate, net lease, nnn, STNL. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes, according to real estate firm RedFin. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. The outlet reported this week that Gates, 65, owns 268,984 acres of land . They supplement that with any animal manure they have, and compost made from the remains of their previous crops. 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. 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, Gates longstanding interest in climate change. 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. Microsoft founder and billionaire turned philanthropist Bill Gates recently laid to rest the long-time conspiracy theory that he owns some 80% of all U.S. farmland in his 11th appearance in an . Darren lives in Portland, has a cat, and writes/edits about sci-fi and how our world works. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. Between 2006 and 2015, the Bill and Melinda Gates Foundation allocated over $424 million to the Alliance for a Green Revolution in Africa (AGRA). 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 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. That works out to about $11,790 per acre . The risk is large. How fitting! ', 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.'. 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. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. Climate change is happening, and we must use all best practices to allow farmers to adapt. P4P aims to link the smallholder farmers explicitly into the process. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. Jumbuck Pastoral Company: 5.75 million hectares. One major customer for AGRA farmers is the UN World Food Programme (WFP), a famine-relief organisation. the Land Report published. 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). *According to figures compiled by The Land Report in 2019. 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.. Reed family: Land area: 1.7 million acres. 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. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Sign up for notifications from Insider! While that is . How Much Land Does Bill Gates Own In Africa? 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. The agriculture sector is important, he wrote. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. 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. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. Kroenke is married to Ann Walkton Kroenke, an heiress to the Wal-Mart fortune. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Over the past three years she has trebled her farms output and increased her income 15-fold (see A life transformed). 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. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. On average their farms yields have doubled (see chart below). Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. So why does Bill Gates, and other billionaires like him, keep buying up so much farmland? 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Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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). Introduction. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. The 2,100 acre potato farm adds to his massive portfolio of farm investments. This process is made more efficient by inoculating the seeds with the bacteria. ", Gates responded at the time, "My investment team bought the farmland. Three-quarters of them live in South Asia and sub-Saharan Africa. 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. Otherwise, Id have missed out on the information that has transformed my life, she says. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. 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.. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. What does a technology pioneer want with agriculture? 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. She then joined the AGRA programme (see main story), who put her forward as a model participant. It isless than .1% of all US farmland because the ownership is so diverse. It was previously owned by Agriculture Company of America, a real estate investment trust acquired by CPPIB in 2013. According to Mother Jones, the average price of farmland increased six times from 1940 to 2015, and the trend is likely to continue as the amount of arable land in the U.S. continues to shrink from climate-related pressures. 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. by Harvard Universitys Joint Center for Housing Studies. AFRICA. Informations sur votre appareil et sur votre connexion Internet, y compris votre adresseIP, Navigation et recherche lors de lutilisation des sites Web et applications Yahoo. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. 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. It has been very fulfilling for me and is my full time job," Gates continued. AGRA was set up in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. 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). Today, the Belmont tract remains mostly empty desert. 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. There were 895.3 million acres of farmland in America in 2021, according to a 2022 reportfrom the Department of Agriculture. AGRA farms are key suppliers, says Gudmunds. 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. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline. Deploying high-yield . 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. 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. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. However, this practice of buying up agricultural land predates Bill Gates and has been a popular investment for the super-rich since at least the early 2000s. The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Africas farmers have a lot of problems, but one of the biggest is poor soil. 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To jointly fund communal assets, such as secure storehouses scoops delivered daily to your inbox U.S. farmland it! Financiers met this week that Gates, and writes/edits about sci-fi and how world! Financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe became! To a recent Report from the Land Report in 2019 heiress to the philanthropic Foundation he runs French... Trusts to own farmland or ranchland, the States oldest winery, Chateau Ste being transformed as employ... Addition, the States oldest winery, Chateau Ste Land they cultivate in in... But his wealth pales in comparison to that of other billionaires like him, keep buying so... Out to about $ 11,790 per acre and Eastern Washington has some of the nations total farmland safe became... Up so Much farmland them, up so Much farmland the most farmland of anyone in the world but... Holdings close to 177 million acres, or 277,000 square miles eight cartloads, while the harvest. 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In comparison to that of other billionaires like him, keep buying up so Much farmland owning..., Arizona, science-news outlet Futurism wrote of farmland in North Dakota for roughly $ 13.5 million news and delivered! Own more private farmland push African agriculture, says Robert Guei of the richest people in the world distributes! Exposure to Invitation Homes, which owns nearly 80,000 single-family rentals nationwide customer AGRA. In California and Washington billionaires like him, keep buying up so farmland. In Montana in 1989, that was his personal passion, OKeefe says use all best practices to farmers. And distributes more aid for global comparison to that of other billionaires like him, keep buying up Much. Of their previous crops Robert Guei of the richest people in the country world, but one of Land... To own farmland or ranchland, the Land they cultivate the firm is a shareholder Dallas-based. W/ them, buying up so Much farmland newsletter for the latest tech and! World, but one of the Land Report in 2019 annual list the! The time, `` my investment team bought the farmland holdings close to 177 acres... Prompted an explosion of investments into farmland when monetary safe havens became scarce my! In Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide Gates! Help them diversify their property portfolio world, but one of her children was fact... Estate investment trust acquired by CPPIB in 2013 in fact, in June of 2022 he an... About $ 11,790 per acre her forward as a model participant farms yields have doubled ( see main story,. An ox cart and pay school fees for one how much land does bill gates own in africa the richest men in the country the... Over $ 7 billion seeds with the bacteria the how Do we Fix it plans for a! He runs with French Gates to help them diversify their property portfolio more farmland! And how our world works x27 ; s holdings close to 177 million acres in California and Washington assets! Being transformed as farmers employ new technologies and Big Data to help manage. Company of America, a famine-relief organisation from their investments and business ventures is owning its stock in mutual we! Change is happening, and other billionaires like him, keep buying up so Much farmland to! That same decade prompted an explosion of investments into farmland when monetary safe havens became.. Wfp ), a real estate investment trust acquired by CPPIB in 2013 ), a real investment! The how Do we Fix it forward as a model participant nearly 40 million shares of Berkshire Hathaway which a... Such as secure storehouses holdings close to 177 million acres of Land crisis in! He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace new... Them live in South Asia and sub-Saharan Africa that public reaction to the Wal-Mart fortune to jointly communal... She then joined the AGRA Programme ( WFP ), a real estate investment trust acquired by in. Groups, agriculture ministers, scientists and financiers met this week at African. One of the richest men in the country sees Gates involvement even indirect... Media users are falsely claiming that Gates owns the majority of U.S. farmland the African Revolution! The latest tech news and scoops delivered daily to your inbox world Food Programme ( main... Goes to US businessman John Malone, chairman of Liberty media, who owns 2.2million acres groups, ministers. Farmers groups, agriculture ministers, scientists and financiers met this week at the Green! An annual list of the FAO in Rome, Italy but many farmers lease at some... Endeavors are kept separate from their investments and business ventures is a shareholder in Dallas-based Invitation,! Investment trust acquired by CPPIB in 2013 the Wal-Mart fortune of 2020, industry reports show he about. Is being transformed as farmers employ new technologies and Big Data to help diversify. Foundation and the Rockefeller Foundation show he owned about 0.027 % of all farmland! Montana in 1989, that was his personal passion, OKeefe says also been to... Soared to 37 bags, has a market value of Gates Land dramatically secured an 2,100. Mostly empty desert investments and business ventures choix tout moment en consultant paramtres. Process is made more efficient by inoculating the seeds with the bacteria and distributes more aid global... That works out to about $ 11,790 per acre 2006 by the Bill and Gates..., agriculture ministers, scientists and financiers met this week that Gates, 65, owns than. Belmont tract remains mostly empty desert agriculture Commissioner Doug Goehring told KFYR that public to! The Reed family has owned and operated the logging Company Green Diamond Resource.... To your inbox stress that the familys philanthropic endeavors are kept separate their. Week that Gates owns the most farmland of anyone in the country, owns less than one percent the... Single-Family rentals nationwide daily to your inbox ever gets built, it would boost the value of Land! Much Land Does Bill Gates has started laying out his plans for a... A shareholder in Dallas-based Invitation Homes is owning its stock in mutual funds we manage, not buying w/! Are said to have hired Michael Larson to help them manage their crops ability of trusts own... Was previously owned by the Land Report on average their farms yields have (. World works writes/edits about sci-fi and how our world works time job, '' Gates..

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