how much land does bill gates own in africa
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. 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. She is thinking of buying land to build a house for renting, and a truck to allow her to trade her merchandise more widely. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. Larson sees to it that Gates wealth is sensibly, even conservatively, invested. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. Hearst Magazine Media, Inc. All Rights Reserved. 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. The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. He assigned his research team to dig a little deeper. In the future, farmers will be paid for sustainability, says Sherrick, who sits on the groups board. 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. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. 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. Were connecting [smallholders] to the entire business chain, says Jama. 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 . 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. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. Gates owns over 242,000 . 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. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. BlackRock, meanwhile, is also not the owner of the majority of single family houses in the country. Bill Gates' Mega House - $154 Million. Expanding the AGRA scheme was set to be high on the agenda, Jama says. The new green economy will mean new opportunities for land owners, OKeefe believes. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. The Forbes Real-Time Billionaire's list for 2022 shows Bill Gates is the fifth richest person in the world, with a net worth of approximately $111 billion, whi . People are going to pay attention to what Bill is doing, Sherrick says. 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. Most likely, it is just one more asset in Gates vast portfolio, quietly appreciating in value while the billionaire himself remains at arms length. Investors bought a record 18.4% of the homes purchased in the fourth quarter of 2021 three-quarters of which were single-family homes. 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. 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. 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). In his new book, How to Avoid a Climate Disaster, Gates explains why raising beef cattle causes more harmful emissions than other forms of agriculture. 2 min read. Renmatix has developed a process that converts plant waste and biomass into sugars that can be converted into biofuels and bio versions of chemicals.The patented Plantrose process uses supercritical water to reduce the costsof converting biomass to cellulosic sugars the critical intermediary for second-generation biochemicals and biofuels. But, while Belmont might not be a smart city, it still looks like a smart investment. Large investors usually work with expert advisors to help them acquire and manage their agricultural holdings. This high-tech metropolis could be both a breeding and testing ground for futuristic technologies.. 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. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. "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. Farms also have a role in fighting climate change. 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. One other use for the farmland Gates has acquired is to grow crops for biofuels. The family's 1.7 million acres of land are primarily spread across Washington, Oregon, and California. The threat of climate change means smallholders must keep adapting if they are to survive and prosper, says Guei. 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. 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 . 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 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. How Much Land Does Bill Gates Own In Africa? Gates' farmland now totals 242,000 acres. 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. The Land Report reference came out in winter 2021, after which controversies circulated about Gates' accumulation of American farmland. He has very competent investment managers.. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. 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). 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. Meanwhile, American agriculture today is being transformed as farmers employ new technologies and Big Data to help them manage their crops. One of the Gates' favorite vacation homes is in the Yellowstone Club in Big Sky, Montana. 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. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. 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 Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. You can find his previous stuff at Gizmodo and Paste if you look hard enough. APS ASSESSMENT: False. And yet, he can't seem to wrestle free of the internet's villainous conspiracies against him. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. 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. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. We may earn commission if you buy from a link. The program could be an economic boon for farmers. He sees Gates involvement even if indirect as crucial in encouraging the industry to embrace the new sustainability standard. 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. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. Hes the largest landowner in the United States. Deploying high-yield . And Eastern Washington has some of the richest, most expensive farmland in the country. Whether or not Gates personally directed Cottonwood Ag to get involved in the Leading Harvest project, the move makes both environmental and business sense. Last year, Gates vowed to give away "virtually all" of his fortune to the philanthropic foundation he runs with French Gates. Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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. 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. What made the difference was a boost in the productivity of her land. 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. In April of this year, Reddit users had a chance to ask Gates this very question. That immediately set off alarm bells, OKeefe says. 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 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. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Working closely with the World Health . Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. They give farmers more bargaining power and allows them to jointly fund communal assets, such as secure storehouses. AGRAs aim, helping small farmers become professional, is backed by the United Nations Food and Agriculture Organization. Square miles own farmland in the fourth quarter of 2021 three-quarters of which were single-family.., 32, collapsed and died from brain bleed while she led fitness bounce class may commission. 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