World Bill Gates turns farmer, biggest farmer in United States...

Bill Gates turns farmer, biggest farmer in United States | World News

-


Microsoft founder and philanthropist Bill Gates owns the largest chunk of private farmland in the US across 18 states, a new report has revealed. Bill and Melinda Gates amassed 242,000 acres of land in the US, with the largest holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres), according to The Land report.

Bill Gates also owns a stake in more than 24,800 acres of transitional land outside of Phoenix. Research indicated that the lands across the US is held by Cascade Investment LLC, Gates’ private investment vehicle.

“Gates also backs online used-car seller Vroom through Cascade as well as the Canadian National Railway Company,” Geek Wire reported.

According to the Tri-City Herald, a 14,500-acre swath of choice Eastern Washington farmland in the Horse Heaven Hills in Benton County has just traded hands for almost $171 million – part of Gates’ holdings.

It is unclear why Gates has invested so heavily in farmland, but it could be connected to climate change. The Bill & Melinda Gates Foundation launched a new nonprofit group a year ago, focused on helping small-scale farmers in developing countries with the tools and innovations they’ll need to deal with the effects of climate change.

Bill Gates is currently at the third spot on the Bloomberg Billionaires Index with a net worth of $132 billion. But even with his big new agricultural holdings, Gates still doesn`t rank in the Top 100 private landowners overall in the US, considering owners of land of all types.

The list is topped by Liberty Media’s John Malone, with 2.2 million acres of ranches and forests. Amazon CEO Jeff Bezos makes that list at No. 25 with 420,000 acres.





Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest news

Twitter CEO Jack Dorsey auctions first ever tweet as digital memorabilia | Technology News

Twitter CEO Jack Dorsey’s first Twitter post – “just setting up my twttr” -- is up for sale...

WhatsApp alerting users to accept updated privacy policy by May 15 | Technology News

In what could be a surprise for many users, WhatsApp has started reminding a few of its users...

Google to speed up release cycle of Chrome browser to four weeks | Technology News

Google is working on speeding up the release cycle of Chrome updates to four weeks from the current...

Flipkart enables voice search in Hindi, English: Here’s how to use it | Technology News

Ecommerce platform Flipkart has dropped a voice search on its platform that will allow customers to search for...

PUBG: New State pre-registrations surpasses 5 million mark in just 1 week | Technology News

PUBG Mobile game’s latest instalment, PUBG New State has crossed the 5 million mark in pre-registration in just...

Must read

You might also likeRELATED
Recommended to you

en English
X