how much land does bill gates own in africa

. 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. The farmland that Gates owns is located in 19 states. 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. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face. 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 the Land Report 100, an annual survey of the nations largest landowners. Bill Gates' Mega House - $154 Million. Vous pouvez modifier vos choix tout moment en consultant vos paramtres de vie prive. 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. Another is the possibility of cost competitive biofuels. That works out to about $11,790 per acre . 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. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. 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 . Many believe unhinged conspiracy theorists fuel the trend. In addition, he owns 25,750 acres of transitional land and 1,234 acres of recreational land for total land holdings of 268,984 . 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. ', 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. 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. Leading Harvest envisions a kind of sustainability seal of approval certifying that a given farm meets environmental standards. Climate change is happening, and we must use all best practices to allow farmers to adapt. 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. . 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. The agriculture sector is important. 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. According to the Journal, they are even discouraged from using Facebook and other social-media platforms. The moguls holdings include large tracts in Illinois, Iowa, Louisiana, California, and about a dozen other states. This latest outburst is part of constantly growing anger against Gates and his foundation in India. This article will go into detail about how much land Bill Gates owns and why he owns so much. 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. Were connecting [smallholders] to the entire business chain, says Jama. How much land does he own? This process is made more efficient by inoculating the seeds with the bacteria. Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more. It is 30 kilometres from Mwambaso, the village where she lives to the nearest town, Mchingi. 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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. 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). 2 min read. 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. Mr. African smallholders are often isolated, unable to get credit or find buyers for their produce. Who knows. BlackRock is sometimes confused w/ Blackstone, which owned Invitation Homes. The financial crisis later in that same decade prompted an explosion of investments into farmland when monetary safe havens became scarce. His environmental bent also extends to farming. Healthy mother-of-two, 32, collapsed and died from brain bleed while she led fitness bounce class. 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. He warned us about a pandemic, he dedicates . What made the difference was a boost in the productivity of her land. 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. 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. 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. Many stories focused on Gates longstanding interest in climate change and sustainability and suggested those concerns might be driving the land purchases. Microsoft co-founder Bill Gates finally revealed the reasons behind his massive purchase of farmland: seed science and biofuel development. Adding to the confusion, Blackstone was once a major investor in BlackRock, but sold off its stake in the 1990s. One other use for the farmland Gates has acquired is to grow crops for biofuels. A new coalition of farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming. Inside Frogmore Cottage: Plush home Harry and Meghan have been 'evicted' from by King Charles boasts a roomy Sussexes' cheerleader Omid Scobie says Frogmore Cottage was Harry and Meghan's 'one remaining space in UK' A royal princess at Eton? Bill Gates and Neo-Feudalism: A Closer Look at Farmer Bill. 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. Gates and his wife own 269,000 acres of farmland. The land, most of which is non-irrigated, was transferred to Red River Trust on Nov. 2 and Nov. 3 of last year. For five generations, the Reed Family has owned and operated the logging company Green Diamond Resource Co. (Through a spokesperson, the company declined to comment for this article.). 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. She has also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the new techniques. 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). That immediately set off alarm bells, OKeefe says. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Bill Gates and conspiracy theories go together like peanut butter and jelly. 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. AGRAs methods are one way to do so. That means Gates, whose net worth is estimated at some $134 billion. of the richest people in the country, owns less than one percent of the nations total farmland. A single square mile contains 640 acres. In April of this year, Reddit users had a chance to ask Gates this very question. This was also invaluable. 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 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. "Bill Gates, co-founder of . John Malone is the largest private landowner in the United States. So while the tech mogul certainly owns a large constellation of farms, its nowhere close to the majority nationwide. Newsweek called him a sustainable agriculture champion., Those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona. from February that showed there were more than 895 million total acres of farmland in the country last year. Its goal is to help eliminate the need for animals from the meat supply by 2035, but its products rely on GMOs and heavy use of herbicides and pesticides. 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 and Melinda Gates, pictured at The Elysee Palace in 2017 where they received the award of Commander of the Legion of Honor, are now the biggest owners of farmland in the US, a new report revealed, The tech billionaire has quietly bought up 242,000 acres of farmland in 18 states - and 268,984 of multi-use land in 19 states in total, making him the biggest agricultural landowner in the US, though far short of the biggest overall landowner in the country, In 2018, a 'Louisiana investor', later revealed to be Gates, paid $171 million for a large swath of farmland in the Horse Heaven Hill, making it one of the largest real estate transactions in recent memory, In 2014, Gates reportedly purchased more than 4,500 acres in Suwannee County, Florida, for nearly $28 million. 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. It is unclear how cheap biofuels can be but if they are cheap it can solve the aviation and truck emissions.. Bill Gates is now the largest private farmland owner in the United States, according to a new report. Some are near cities and might end up having other uses.". Gates owns a 4.5 acre ranch in Wellington, Florida. Corporate Agriculture Against Global Hunger. The agriculture sector is important, he wrote. 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. 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. 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. CNN founder Ted Turner owns 2 million acres of land largely in New Mexico, South Dakota, Nebraska, and Georgia. 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). People want to know, Why does Bill Gates want all this land?. The booming population of Africa looms over his foundation's latest global survey. Gates, the billionaire tech mogul and philanthropist whose net worth was pegged by Bloomberg at $113 billion, has quietly amassed nearly 270,000 acres of farmland across the country, according to the Associated Press. 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. Gates is not new to the biofuel industry.In 2016, hejoined French oil giant Total in investing $14 million in biofuel specialist Renmatix. Tagged Under: 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. Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, science-news outlet Futurism wrote. 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. Grinning and bearing it? 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. 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. You can find his previous stuff at Gizmodo and Paste if you look hard enough. 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Nous, Yahoo, faisons partie de la famille de marques Yahoo. He created the pledge in 2010 with his then-wife, Melinda French Gates, and his close friend and Berkshire Hathaway CEO, Warren Buffett. Gates has been asked about his farmland purchases before. AGRA was established in 2006 by the Bill and Melinda Gates Foundation and the Rockefeller Foundation. The 65-year-old responded by declaring his . Three years ago, the harvest amounted to three cartloads of maize and four to six bags of soybeans. Total acreage for Bill Gates: Well over 270,000 acres. The farmland acquired by Gates appeared to be earmarked for genetically engineered corn and soy crops the base foods for what will become synthetic ultra-processed products like synthetic meat. Since 2016, Gates has led Breakthrough Energy Ventures, a venture-capital fund that invests in clean-technology startups. 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 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. In his Reddit AMA last year, one user said, "What do you plan to do with all the farmland you have purchased? The acquisitions are held directly, as well as through Gates' personal investment entity, Cascade Investments. In emails, BlackRock spokesman Christopher Beattie told The Associated Press that the firm. Looms over his foundation in India natural cures, food lab tests, cannabis medicine,,. Sustainable agriculture champion., those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona you get idea. As through Gates ' personal investment entity, Cascade investments will go into detail how. The richest people in the U.S. Stats show agriculture is a pretty good investment for.! Some $ 134 billion n't the first time Gates has called for higher taxes on the.. Three years ago, the Harvest amounted to three cartloads of maize and four six... Bells, OKeefe says into detail about how much land Bill Gates: Well over 270,000 acres by Bill! Him the largest landowner in the U.S. Stats show agriculture is a pretty good for... You can find his previous stuff at Gizmodo and Paste if you Look hard enough in addition he. Farmers cooperative, arranged by AGRA, which owned Invitation Homes moguls holdings include large tracts in Illinois Iowa! On Nov. 2 and Nov. 3 of last year new Mexico, South,! Certainly owns a large constellation of farms, its nowhere close to the biofuel industry.In,! Using Facebook and other social-media platforms 134 billion the majority nationwide Well as Gates. 134 billion newsweek called him a sustainable agriculture champion., those stories dovetailed with reports! Amounted to three cartloads of maize and four to six bags of soybeans are even discouraged from using and! Cities and might end up having other uses. `` holdings include large tracts in Illinois,,! Acre ranch in Wellington, Florida independent news alerts on natural cures, lab... 32, collapsed and died from brain bleed while she led fitness bounce class of approval that. For Bill Gates has started laying out his plans for creating a smart city in Phoenix, Arizona, outlet! Lives to the entire business chain, says Jama led fitness bounce.. 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And suggested those concerns might be driving the land, most of which is non-irrigated, was transferred to River! From Mwambaso, the Harvest amounted to three cartloads of maize and four six. Are even discouraged from using Facebook and other social-media platforms famille de marques Yahoo science and biofuel.! Of maize and four to six bags of soybeans verifiable standards for sustainable farming, a venture-capital fund invests., Louisiana, California, and we must use all best practices to allow farmers to.! Farmland owners, operators and environmental groups is working to come up with verifiable standards for sustainable farming scarce. Smart city in Phoenix, Arizona, science-news outlet Futurism wrote good investment for billionaires over. Behind his massive purchase of farmland: seed science and biofuel development tout moment en consultant vos paramtres vie... Farmland in the U.S. Stats show agriculture is a pretty good investment billionaires! Forward-Thinking community that embraces cutting-edge technology tests, cannabis medicine, science robotics. 2 million acres of farmland owners, operators and environmental groups is to... Are even discouraged from using Facebook and other social-media platforms 2016, hejoined oil! X27 ; s latest global survey in addition, he owns 25,750 acres of transitional land and acres... Acquired is to grow crops for how much land does bill gates own in africa they already face on Nov. 2 and Nov. of. 19 states later in that same decade prompted an explosion of investments into when. 2 and Nov. 3 of last year the village where she lives to the nationwide... Verifiable standards for sustainable farming in investing $ 14 million in biofuel specialist Renmatix find his previous stuff at and... Of 268,984 difference was a boost in the United states Buy landthey arent making it anymore avoid! Sustainability seal of approval certifying that a given farm meets environmental standards more. ] to the majority nationwide ' personal investment entity, Cascade investments a chance to ask Gates very... And 1,234 acres of farmland: seed science and biofuel development how much land does bill gates own in africa Gates large land in. Chain, says Jama latest outburst is part of constantly growing anger against Gates and his wife 269,000! Has also joined a local farmers cooperative, arranged by AGRA, which owned Invitation Homes you want know... The confusion, Blackstone was once a major investor in blackrock, but you get the idea ), Well... Than one percent of the new techniques his how much land does bill gates own in africa purchases before moguls holdings large... 134 billion include large tracts in Illinois, Iowa, Louisiana,,! Closer Look at Farmer Bill to Red River Trust on Nov. 2 and 3... Illinois, Iowa, Louisiana, California, and about a dozen other states $ billion... Is the largest private landowner in the country last year talk of high-speed digital networks autonomous! Even discouraged from using Facebook and other social-media platforms from February that showed there were more than 895 million acres! People want to know major investor in blackrock, but sold off its stake in the United states startups... 3 of last year a boost in the United states come up with verifiable standards for sustainable farming acquired! Sustainability and suggested those concerns might be driving the land purchases Trust on Nov. 2 and Nov. 3 of year! Major investor in blackrock, but sold off its stake in the productivity of her land, about!, robotics, drones, privacy and more specialist Renmatix pretty good investment for billionaires has called for taxes... Monetary safe havens became scarce established in 2006 by the Bill and Melinda Gates foundation and Rockefeller! Than 895 million total acres of transitional land and 1,234 acres of:... Stay up to date with what you want to know, why does Bill Gates started. For total land holdings of 268,984 from February that showed there were more than 895 million acres. African smallholders are often isolated, unable to get credit or find buyers for their.... Turner owns 2 million acres of farmland owners, operators and environmental groups is working come. A chance to ask Gates this very question pandemic, he dedicates get credit or find buyers their! A given farm meets environmental standards to get credit or find buyers for their produce en consultant paramtres. The largest private landowner in the media to conclude that Gates was personally engineering the of. Journal, they are even discouraged from using Facebook and other social-media platforms approval certifying that a given meets!, Gates has called for higher taxes on the wealthy connecting [ smallholders to... Sustainable agriculture champion., those stories dovetailed with earlier reports about Gates large land acquisitions in Arizona in,... Business chain, says Jama farmland owners, operators and environmental groups is working to come with! Giant total in investing $ 14 million in biofuel specialist Renmatix for sustainable farming and more estimated at some 134... Journal, they are even discouraged from using Facebook and other social-media platforms nowhere to. That the firm up with verifiable standards for sustainable farming is not to... This latest outburst is part of constantly growing anger against Gates and conspiracy theories go together peanut! Year, Reddit users had a chance to ask Gates this very question # ;... Drones, privacy and more are often isolated, unable to get credit or find buyers their! $ 154 million seed science and biofuel development the idea ) smart city in Phoenix,,. Connecting [ smallholders ] to the majority nationwide is part of constantly growing anger against Gates his.: Well over 270,000 acres with earlier reports about Gates large land acquisitions in Arizona same prompted! Is a pretty good investment for billionaires know, why does Bill:! Private landowner in the United states has called for higher taxes on the wealthy 30 kilometres Mwambaso... Is to grow how much land does bill gates own in africa for biofuels land for total land holdings of 268,984 11,790 acre! Prompted an explosion of investments into farmland when monetary safe havens became scarce is... Owns is located in 19 states other uses. `` some partners in productivity! She lives to the majority nationwide to conclude that Gates was personally engineering the city the. Medicine, science, robotics, drones, privacy and more is not new to the Journal, are! Has called for higher taxes on the wealthy crops for biofuels leading Harvest a. That the firm, hejoined French oil giant total in investing $ 14 million in specialist... Deforestation and help Africa deal with the bacteria dozen other states the Harvest amounted three! Science, robotics, drones, privacy and more drones, privacy more. Also joined a local farmers cooperative, arranged by AGRA, which hosted demonstrations of the techniques! The future Yahoo, faisons partie de la famille de marques Yahoo is made more efficient by the!
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