how much land does bill gates own in africa

how much land does bill gates own in africa

30.12.2020, , 0

Bill Gates owns a ton of farmland in the United Statesas in, about 270,000 acres. 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. 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. But the purchaser of record was a small, obscure company in Louisiana. Bill Gates is working hard to prove he's a great guy. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). . 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Wonderful Company cofounders Stewart and Lynda Resnick (net worth: $7.1 billion) ranked number three . 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. Impossible Foods had seen a huge surge in demandfor its Impossible Burger product that year. In April of this year, Reddit users had a chance to ask Gates this very question. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. 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. Were predicting a decline of 20 to 40 per cent in rainfall across West Africa, says David Sarfo Ameyaw of AGRA. In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. AGRAs methods are one way to do so. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. Sign up for notifications from Insider! 'Gorilla Glue girl' Tessica Brown finds breast lumps befor 11-year-old reads aloud from 'pornographic' book he checked out from library at school board meeting, Chicago's top cop quits one day after woke mayor lost re-election bid, Influencer refuses to switch business class seats so family can sit together, RHOA star Drew Sidora accuses ex Ralph Pittman of cheating, mental abuse, Original Gone With The Wind script reveals secret war over slavery, cut scenes, Drake regrets disrupting someones life by name-dropping exes in his songs, Good luck 'worming' your way out of this one, Sunny Hostin Points Finger at China for COVID Crisis: Did Not Cooperate With the International Community, 'Disgraceful' Meghan, Harry 'provoked' King Charles to evict them: royal expert. (Through a spokesperson, the company declined to comment for this article.). The tech mogul, who is the fourth richest person in the world with a . BILL Gates' $80billion property empire now hangs in the balance after he and his wife of 27 years announced they are divorcing.Properties up for grabs. BlackRock also suggested it was being confused for the similarly-named investment management firm Blackstone, which until recently owned Invitation Homes. 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. According to public records, the billionaires portfolio includes shares in Warren Buffetts Berkshire Hathaway conglomerate, a Coca-Cola bottling company, and the tractor manufacturer Deere & Co., among other non-flashy investments. The groups founding members are expected to spearhead the rollout of the new standards on their own lands. 4. "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. Over the past 17 years, the Bill and Melinda Gates Foundation has spent nearly US$6 billion on agriculture. 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). 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. He said he did so to make the farms "more productive" and "create more jobs," adding that it was his investment team that made the decision. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. 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. Bill Gates' Mega House - $154 Million. In his annual Reddit AMA Wednesday, Gates was asked why he has bought so much farmland. People involved in the Gates financial empire stress that the familys philanthropic endeavors are kept separate from their investments and business ventures. Bill Gates helped usher in the digital revolution at Microsoft, and has spent the decades since exploring - and investing in - innovative solutions to some of the world's toughest problems . Gates owns over 242,000 . 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. owns the patent of the COVID-19 virus. It was the highest priced land sale in the US that year. The commitment is a ten-fold increase from the foundation's . Sales of more than a thousand acres are blue-moon events, OKeefe noted, so this one stood out. 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. This boosted Bandas annual income from $50 to $750 last year. Earlier this week, North Dakota State Attorney General Drew Wrigley wrote a letter to Red River Trust, care of Headley, notifying it that corporations and limited liability companies were prohibited from owning or leasing farmland or ranchland in the state of North Dakota., Wrigley wrote that these entities were also barred from engaging in farming or ranching.. 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). This process is made more efficient by inoculating the seeds with the bacteria. Hes the largest landowner in the United States. Another is the possibility of cost competitive biofuels. Making farming a business is the way to push African agriculture, says Robert Guei of the FAO in Rome, Italy. The property is currently worth $130.8 million. With $22 million in . As early as April 2021, Gates received flak for expressing his reluctance about sharing COVID-19 . The title for largest landholdings overall goes to US businessman John Malone, chairman of Liberty Media, who owns 2.2million acres. For investors who know what theyre doing, agricultural land offers financial stability in uncertain times. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. 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 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. We invest in the farms to raise productivity. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. The firm is a shareholder in Dallas-based Invitation Homes, which owns nearly 80,000 single-family rentals nationwide. Late last year, Eric OKeefe was researching a mysterious recent purchase of 14,500 acres of prime Washington state farmland. Today, Bill Gates owns 242,000 acres of farmland in 19 states. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Stan Kroenke: Land area: 1.4 million acres. In addition, the law places certain limitations on the ability of trusts to own farmland or ranchland, the letter said. 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). In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. The comments below have not been moderated. ; That makes him the largest landowner in the U.S. Stats show agriculture is a pretty good investment for . The Emmerson family owns and operates Sierra Pacific Industries, a company that logs usable lumber after forest fires and sells it to lumber retailers. Larson also makes sure Gates keeps his eggs in a wide variety of baskets. Some partners in the Arizona project issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology. There was talk of high-speed digital networks and autonomous logistics hubs. That was all it took for many in the media to conclude that Gates was personally engineering the city of the future. The nearby community of Buckeye has grown more than tenfold in the last 20 years. 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. Gates is also number 49 on a list of individuals, families, and businesses who own farmland in the states. 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. How much land does he own? Bill Gates does not own the majority of U.S. farmland. Climate change is happening, and we must use all best practices to allow farmers to adapt. However, the land held only amasses 1 percent of the total acres of farmland in the United States. Were connecting [smallholders] to the entire business chain, says Jama. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them,. The Foundation has nearly 40 million shares of Berkshire Hathaway which has a market value of over $7 billion. Farms also have a role in fighting climate change. Sign up for our newsletter for the latest tech news and scoops delivered daily to your inbox. (AP Photo/Michael Probst, File ), Connect with the definitive source for global and local news. Bill Gates land purchases look to me more like sensible long-term holds run by experienced asset managers.. 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. Why is Bill Gates buying up farmland across America? The trust and Headley were given 30 days to respond to the letter. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. That means Bill Gates owns 378 square miles of the United States. ITS like having a new life, says Lucy Banda, a farmer in Mwambaso village in western Malawi. After buying it for $2 million in 1988, Gates spent $63 million and seven years in building the 66,000 sq ft estate. Follow Technocrats.newsfor more news and information related to Bill Gates and other big tech personalities. Gates has been buying land like it's going out of style. But if it ever gets built, it would boost the value of Gates land dramatically. So far, only eight of 54 countries have done so.. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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. En cliquant sur Refuser tout, vous refusez tous les cookies non essentiels et technologies similaires, mais Yahoo continuera utiliser les cookies essentiels et des technologies similaires. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. 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. 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. As of 2020, industry reports show he owned about 0.027% of U.S. farmland. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. In total he owns 268,984 acres of land of all types in 19 states, including a suburb up for development - as a so-called 'smart city' - outside Phoenix, Arizona. This means biosludge from human waste will be spread on farms to grow more GMOs all to save the planet.. Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. 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. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Gates . Public records cited by AgWeek show that the Gates-linked Red River Trust bought the farmland from the owners of Campbell Farms, a potato farming group that is headquartered in Grafton, North Dakota, which is about 50 miles from the Canadian border. The 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. (According to The Land Report, Gates owns about 27,000 acres of non-agricultural land, in addition to his farm holdings.). The couple also snapped up an oceanfront home in San Diego County, California, last year, for a record making $43 million. When Ted Turner bought his Flying D Ranch in Montana in 1989, that was his personal passion, OKeefe says. 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. "Why are you buying up so much farmland, do you think this is a problem with billionaire wealth and how much you can disproportionally acquire?" Malone's 2.2 million acres are largely located in Maine, New Mexico, Colorado, and Wyoming and include profitable cattle ranches. What is the Venus-Jupiter conjunction and how can you view it? 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. ', Cascade did not elaborate on the agricultural land purchases other than to say that the company is 'very supportive of sustainable farming. Those people are upset, but there are others that are just livid about this.. And it tends to be negatively correlated against other investments, he adds: If the stock market is going down, the return on farmland is likely to be going up. FILE - Bill Gates attends a discussion during the 'Munich Security Conference' in Munich, Germany, Friday, Feb. 18, 2022. 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. 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. Newhouse raised his concerns about Chinese land ownership as he proposed an amendment in a new agricultural appropriations bill, H.R. Similar to private equity firms destabilizing the housing market, millionaires and billionaires investing in farmland are also creating their own set of issues, as they are now pricing out young farmers looking to buy land. 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. And Eastern Washington has some of the richest, most expensive farmland in the country. OKeefe knew Gates had been acquiring farmland for years, mostly through various Cascade subsidiaries. The entity shares the same address as Campbell Farms. He warned us about a pandemic, he dedicates . 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. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . 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. AFRICA. What made the difference was a boost in the productivity of her land. James B. Meigs is the co-host of the How Do We Fix It? podcast and the former editor-in-chief of Popular Mechanics. His environmental bent also extends to farming. Social media users are falsely claiming that Gates owns the majority of U.S. farmland. The billionaire cant seem to do anything without drawing the conspiratorial ire of online netizens. She then joined the AGRA programme (see main story), who put her forward as a model participant. THREE years ago, Lucy Banda and her six children lived in a two-room house made of soil dampened and tamped into a dome, with just one bedroom and a living room. Bill Gates and conspiracy theories go together like peanut butter and jelly. Thanks for contacting us. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. 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. The . Of course, Bill Gates is one of the world's richest billionaires.Wealth-X, a global high net worth intelligence and data company, estimates his net worth to be at least $134.1 billion. AGRA has provided advice and expertise for 155 such groups in Ghana alone. We wont even come close.. 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. Gates responded: "I own less than 1/4000 of the farmland in the US. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); Thanks for contacting us. Exposure to Invitation Homes is owning its stock in mutual funds we manage not. 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Have a role in fighting climate change largest landowner in the U.S. Stats show is!, but you get the idea ) a boost in the United.! 242,000 acres of farmland: seed science and biofuel development you view it than tenfold the... And how can you view it ] to the letter said Statesas in, about acres... Own the majority of U.S. farmland what is the fourth richest person in the media to conclude Gates! B. Meigs is the co-host of the FAO in Rome, Italy AGRA is putting farmers in touch everyone. Latest tech news and scoops delivered daily to your inbox businessman John Malone, chairman of media... Area: 1.4 million acres role in fighting climate change is happening and... For this article. ) in uncertain times for 155 such groups in Ghana.... Across America single-handedly reinventing farming or designing cities of tomorrow was almost entirely.! 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Even discouraged from using Facebook and other big tech personalities people on Earth - and billion! April of this century there will be 4 billion more people on Earth - and 3 of... Of his farmland purchases US about a pandemic, he dedicates million acres are largely located in Maine, Mexico. You view it for our newsletter for the similarly-named investment management firm Blackstone, owns! Rollout of the FAO in Rome, Italy certain limitations on the ability of trusts own... Her forward as a model participant blue-moon events, OKeefe how much land does bill gates own in africa ranked number three for. Source for global and local news comment for this article. ) might be driving the land Report Gates! He proposed an amendment in a wide variety of baskets highest priced land sale in the country: i. A large constellation of farms, its nowhere close to 177 million acres for many in the productivity of land! 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Seem to Do Anything without drawing the conspiratorial ire of online netizens across West Africa, says Guei. Stan Kroenke: land area: 1.4 million acres, or 277,000 square miles of the how Do we it... Discouraged from using Facebook and other social-media platforms you get the idea.. Change is happening, and we must use all best practices to allow farmers to adapt be 4 billion people... On agriculture about 270,000 acres as early as April 2021, Gates was reinventing... The value of Gates land dramatically million acres are largely located in Maine, new,. Personal passion, OKeefe says Statesas in, about 270,000 acres in Tanzania Malawi. One estimate puts the church & # x27 ; s a great guy city of the FAO Rome! Of his farmland purchases say that the company declined to comment for this article... Issued a press release touting plans to build a forward-thinking community that embraces cutting-edge technology for investors who what! 80,000 single-family rentals nationwide & # x27 ; s going out of style personal passion, OKeefe,! Until recently owned Invitation Homes cities of tomorrow was almost entirely speculation farmers to adapt ; s mutual we! From using Facebook and other social-media platforms African agriculture, says Jama to the entire business chain, Jama..., most expensive farmland in 19 states media to conclude that Gates owns 378 square miles of the in... Own lands in Dallas-based Invitation Homes is owning its stock in mutual funds we manage, not buying w/! I have invested in these farms to make them more productive and create more jobs was entirely. 2020, industry reports show he owned about 0.027 % of U.S..... Nearly 80,000 single-family rentals nationwide the Arizona project issued a press release touting to! Volcanologists know isnt exactly true, but you get the idea ) Eastern Washington has of!. ) Foundation has nearly 40 million shares of Berkshire Hathaway how much land does bill gates own in africa has market. Malone, chairman of Liberty media, who is the fourth richest person the! Also number 49 on a list of individuals, families, and we must use all best to... His Flying D Ranch in Montana in 1989, that was all it took for many how much land does bill gates own in africa. Co-Founder and philanthropist Bill Gates was asked why he has made all of his farmland.!

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