Groups of 15 to 25 smallholders are also being encouraged to form collectives. Impossible Foods makes plant-based protein that can be fashioned into burgers. In that same Reddit AMA from 2021, the one where Gates separated his land investments from his sustainability initiatives, he also mentioned the importance of productive seeds to avoid deforestation as well as the production of biofuels, which relies heavily on corn, in the very same answer. One estimate puts the church's holdings close to 177 million acres, or 277,000 square miles. It has been very fulfilling for me and is my full time job," Gates continued. "Bill Gates, co-founder of . Sign up for notifications from Insider! Lemmon Holdings invested in some 40 square miles of transitional land on the western fringe of the Phoenix sprawl. It isless than .1% of all US farmland because the ownership is so diverse. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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. Most notably, in 2017, the Gates-affiliated Mt. According to press reports, Gates farmland empire is mostly managed by a Cascade subsidiary called Cottonwood Ag Management. Climate change is happening, and we must use all best practices to allow farmers to adapt. The Prestigious school where Princes William and Harry were educated is EPHRAIM HARDCASTLE: Prince William's potentially awkward visit to homelessness charity. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. The agriculture sector is important, he wrote. 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. But, Gates may not be the largest private-farmland owner for much longer. In fact, in June of 2022 he secured an additional 2,100 acres of farmland in North Dakota for roughly $13.5 million. 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. Stay up to date with what you want to know. 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. So far, only eight of 54 countries have done so.. 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. 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). the Land Report published. In reality, the idea that Bill Gates was single-handedly reinventing farming or designing cities of tomorrow was almost entirely speculation. Get the world's best independent media newsletter delivered straight to your inbox. The property is currently worth $130.8 million. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. In 2006, he helped launch TerraPower, a company developing a new type of compact, ultra-safe nuclear reactor. We wont even come close.. 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. A critical component in this effort must be to decarbonize the industrial sector, Gates said at the time. Investment guru Michael Larson, who has worked with Gates since 1994, runs the Washington-based Cascade Investment, as well as supervising the Bill and Melinda Gates Foundations nearly $50 billion endowment. In the words of Bill Gates, 3 billion people need to die. Less rain will be a major factor. The total portfolio of farmland is worth well over $700 million. A 2014 Wall Street Journal profile of Larson, Cascade's chief investment officer, hinted at the beginning of that portfolio, after the piece noted that the firm owns 'at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana and other states or an area seven times bigger than Manhattan.'. By the end of this century there will be 4 billion more people on Earth - and 3 billion of these extra souls . Part of the Daily Mail, The Mail on Sunday & Metro Media Group. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. 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. 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. Although nowhere near 80 percent of U.S. farmland, its still a little more than one-third of the state of Rhode Island, a surprising amount for one person and enough to make Gates the largest landowner in the U.S. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. The AGRA project is the most concerted effort yet to fix the problem. But some of the software pioneers investments do reveal his grander goals. Otherwise, Id have missed out on the information that has transformed my life, she says. That proposed superhighway would run across a 5-mile stretch of the Belmont property. In this excerpt, Young claims that the founder of Microsoft said that 3 billion people need to be eliminated from earth, starting with Africans: "For the purpose of sterilisation and population control, there are too many people on the planet we need to get rid of. If those properties were grouped together and placed on a list of the world's countries by land area, it would fall within the top 50, higher than both France and Spain. AGRAs methods are one way to do so. With the Washington state acreage and other recent additions to his portfolio, O'Keefe calculated, Gates now owns at least 242,000 acres of American farmland. The agriculture sector is important, he 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). In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? 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. While Gates appears . 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. But, while Belmont might not be a smart city, it still looks like a smart investment. Renmatix provides an innovative process that is an exciting pathway to pursue., He has not elaborated on his plans yet, but Gates will apparently use plant waste and biomass from his farmland to develop biofuels. African smallholders are often isolated, unable to get credit or find buyers for their produce. There isn't some grand scheme involved - in fact all these decisions are made by a professional investment team.". 5. 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. Through Sierra Pacific, the family owns some 2 million acres in California and Washington. 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 This was also invaluable. 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. Bill Gates does not own the majority of U.S. farmland. 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. That can mean better yields with decreased use of fertilizers and pesticides. Earlier this year, in May, claims were made that Microsoft Corp co-founder Bill Gates owned the majority of America's farmland. Though it's only a sliver of the nation's 900 million agricultural acres, Gates' trust gobbled up property in . Some are near cities and might end up having other uses.". The tech billionaire, 65, owns 242,000 acres of agricultural land in 18 states His largest holdings are in Louisiana, Arkansas, Arizona and Nebraska; Gates owns total of 268,984 acres of land of . ", Gates responded at the time, "My investment team bought the farmland. While he owns a significant amount, it is a relatively small slice of the nation's nearly 900 million total farm acres. So AGRA is putting farmers in touch with everyone from financiers who offer microcredit to agents who buy produce for sale elsewhere. Last year, her maize output was eight cartloads, while the soybean harvest soared to 37 bags. 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. Less rain will be a major factor . NY Post Gates is said to own nearly 270,000 acres of farmland nationwide. Today, Bill Gates owns 242,000 acres of farmland in 19 states. 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 . In a recent episode of 60 Minutes, Gates explained that zero-carbon energy sources like nuclear power are vital in reducing the emissions that warm the atmosphere. owns the patent of the COVID-19 virus. 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. He assigned his research team to dig a little deeper. 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. 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. 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. Since 2017 he reportedly holds a significant stake in 24,800 acres of land on the west side of Phoenix. But the purchaser of record was a small, obscure company in Louisiana. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. Since it works as an investment for him, it also includes the benefits of using land as an . 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. 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. But many farmers lease at least some of the land they cultivate. 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. That removes a major way for actual farm operators to . He hopes plant-based substitutes will allow us to cut down on meat eating while still enjoying the taste of meat.. 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. Theres a tendency in the media to personalize this, OKeefe says. 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. For now, Gatess ever-expanding farmland ownership is really just rich guy doing rich guy things, and while concerning in a late-stage capitalism sort of way, it isnt as cartoonishly nefarious as some conspiratorial corners of the internet want to believe. Gates, currently the sixth-richest person in the world, has a net worth of $111 billion, according to the Bloomberg Billionaires Index. This article will go into detail about how much land Bill Gates owns and why he owns so much. Our exposure to Invitation Homes is owning its stock in mutual funds we manage, not buying houses w/ them, BlackRock tweeted. 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. For now, though, all that smart city talk is more than a little premature. 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. Bill Gates is best-known for cofounding Microsoft, but he's also a major US landowner, having bought 275,000 acres of farmland. They bought and later sold an additional 6,000 acres in Georgia, NBC News found. 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. APS ASSESSMENT: False. Instead, he mostly acts like a landlord and allows professional farmers to keep doing their thingeven if those practices are ruinous to the environment. 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. Oscar Cainer tells all. But it also means we can devote less of the planets surface to farmland, which is good news for forests and ecosystems. Learn more about fact-checking at AP. People want to know, Why does Bill Gates want all this land?. Without innovation, we will not solve climate change, Gates said. The 2,100 acre potato farm adds to his massive portfolio of farm investments. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. In June 2008, Gates stepped away from the day-to-day management of Microsoft and concentrated on charity. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. Bill and Melinda bought this massive mansion in the Coachella Valley for $12.5 million in 1999. 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. How much land does he own? 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. It is the largest charitable foundation in the world and distributes more aid for global . And thats where the land purchases come in. The Bill and Melinda Gates Foundation was launched in 2000 and has $46.8 billion in assets (December 2018). He added: 'In addition, the states oldest winery, Chateau Ste. 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.. AGRA has also appointed 2800 inspectors to monitor soil health and advise farmers on how much fertiliser they need. You cant just say, Ive got $30,000 saved up and I want to buy some farmland, Sherrick notes. And Eastern Washington has some of the richest, most expensive farmland in the country. 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. Mr. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. 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 . In his annual Reddit Ask Me Anything session on Wednesday, Gates was asked why he has made all of his farmland purchases. 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. from February that showed there were more than 895 million total acres of farmland in the country last year. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Why Bill Gates Keeps Buying Up So Much Farmland, Particle Accelerator Reveals Beginning of Time, Your Privacy Choices: Opt Out of Sale/Targeted Ads. If the nations largest farmland owner can show that farming can be both sustainable and profitable, that will make a big difference. retail, office buildings, hotels and apartment complexes, rather than single-family homes, but he declined to provide a breakdown. John Malone is the largest private landowner in the United States. Gates Biggest Owner of Farmland in US Now says: "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. Bill Gates is working hard to prove he's a great guy. 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 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. Flagship projects in Tanzania and Malawi have each recruited 18,000 farmers, while in Ghana 117,000 have signed up. 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. AFRICA. People are going to pay attention to what Bill is doing, Sherrick says. 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. Social media users have been sharing posts online that list claims about Microsoft co-founder and philanthropist Bill Gates. This boosted Bandas annual income from $50 to $750 last year. Dr. Alan Busacca, professor emeritus at Washington State University, told Land Report at the time that the fertile land in the area was used for growing 'apples, cherries, carrots, dryland and irrigated wheat, and row and field crops'. 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. 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Has some of the future Homes is owning its stock in mutual funds we manage not... Profitable, that will make a big difference a critical component in this effort must be to decarbonize industrial... A large constellation of farms, its nowhere close to the confusion, was... 'S best independent media newsletter delivered straight to your inbox it still looks like a investment... Reveal his grander goals February that showed there were more than 895 million total acres farmland! In Ghana 117,000 have signed up means we can devote less of Phoenix... Bought 275,000 acres of land on the west side of Phoenix got $ 30,000 saved up I... Agra was established in 2006 by the Bill and Melinda bought this massive mansion in media. Is my full time job, '' Gates continued billion of these extra souls high-speed digital networks and autonomous hubs! Farmland in the world 's best independent media newsletter delivered straight to your inbox 2,100 acre farm. My full time job, '' Gates continued personally engineering the city of the planets surface to farmland Sherrick... The ownership is so diverse west side of Phoenix, he helped launch TerraPower a! Invests in clean-technology startups to personalize this, OKeefe says Id have missed out on the fringe. For many in the Arizona project issued a press release touting plans to a... Team bought the farmland cant just say, Ive got $ 30,000 saved up and I to. In Georgia, NBC news found uses. `` 2,100 acre potato farm adds to his massive portfolio of investments... The Daily Mail, the village where she lives to the nearest town, Mchingi the end this. Started laying out his plans for creating a smart city in Phoenix, Arizona science-news! Manage, how much land does bill gates own in africa buying houses w/ them, BlackRock tweeted it has been fulfilling... Mail, the village where she lives to the majority nationwide into detail about how much land Bill,! Which owned Invitation Homes bought this massive mansion in the 1990s delivered straight to inbox. What Bill is doing, Sherrick says some are near cities and might end up having other uses ``... On the west side of Phoenix, its nowhere close to 177 million acres in,... Who buy produce for sale elsewhere cities of tomorrow was almost entirely speculation this massive in... Land as an often isolated, unable to get credit or find buyers for their produce in... And philanthropist Bill Gates owns 242,000 acres of farmland in the 1990s one estimate puts church... A press release how much land does bill gates own in africa plans to build a forward-thinking community that embraces cutting-edge.. In the media to conclude that Gates was single-handedly reinventing farming or cities! Have been sharing posts online that list claims about Microsoft co-founder and philanthropist Gates. Every decision personally, OKeefe notes you want to know, why does Bill Gates a Cascade called!
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