Microsoft founder and philanthropist Invoice Gates owns the most important chunk of personal farmland within the US throughout 18 states, a brand new report has revealed. Invoice and Melinda Gates amassed 242,000 acres of land within the US, with the most important holdings in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres), in accordance with The Land report.
Invoice Gates additionally owns a stake in additional than 24,800 acres of transitional land outdoors of Phoenix.
Analysis indicated that the lands throughout the US is held by Cascade Funding LLC, Gates’ personal funding car.
“Gates additionally backs on-line used-car vendor Vroom by Cascade in addition to the Canadian Nationwide Railway Firm,” Geek Wire reported.
In response to the Tri-Metropolis Herald, a 14,500-acre swath of selection Japanese Washington farmland within the Horse Heaven Hills in Benton County has simply traded fingers for nearly $171 million – a part of Gates’ holdings.
It’s unclear why Gates has invested so closely in farmland, but it surely might be related to local weather change.
The Invoice & Melinda Gates Basis launched a brand new nonprofit group a yr in the past, targeted on serving to small-scale farmers in creating international locations with the instruments and improvements they’re going to have to cope with the results of local weather change.
Invoice Gates is presently on the third spot on the Bloomberg Billionaires Index with a internet value of $132 billion.
However even together with his huge new agricultural holdings, Gates nonetheless would not rank within the High 100 personal landowners total within the US, contemplating homeowners of land of every type.
The listing is topped by Liberty Media’s John Malone, with 2.2 million acres of ranches and forests. Amazon CEO Jeff Bezos makes that listing at No. 25 with 420,000 acres.