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| Name | Bill Gates Now Owns The Most Farmland In America | Forbes |
| Video Uploader | Video From Forbes |
| Upload Date | This Video Uploaded At 18-01-2021 18:00:02 |
| Video Discription | Bill Gates, the fourth richest person in the world and a self-described nerd who is known for his early programming skills rather than his love of the outdoors, has been quietly snatching up 242,000 acres of farmland across the U.S. — enough to make him the top private farmland owner in America. After years of reports that he was purchasing agricultural land in places like Florida and Washington, The Land Report revealed that Gates, who has a net worth of nearly $121 billion according to Forbes, has built up a massive farmland portfolio spanning 18 states. His largest holdings are in Louisiana (69,071 acres), Arkansas (47,927 acres) and Nebraska (20,588 acres). Additionally, he has a stake in 25,750 acres of transitional land on the west side of Phoenix, Arizona, which is being developed as a new suburb. According to The Land Report’s research, the land is held directly and through third-party entities by Cascade Investments, Gates’ personal investment vehicle. Cascade’s other investments include food-safety company Ecolab, used-car retailer Vroom and Canadian National Railway. While it may be surprising that a tech billionaire would also be the biggest farmland owner in the country, this is not Gates’ only foray into agriculture. In 2008, the Bill and Melinda Gates Foundation announced $306 million in grants to promote high-yield, sustainable agriculture among smallholder farmers in sub-Saharan Africa and South Asia. The foundation has further invested in the development and proliferation of “super crops” resistant to climate change and higher-yield dairy cows. Last year, the organization announced Gates Ag One, a nonprofit to advance those efforts. Read the full profile on Forbes: https://www.forbes.com/sites/arielshapiro/2021/01/14/americas-biggest-owner-of-farmland-is-now-bill-gates-bezos-turner/?sh=519d5766096f Subscribe to FORBES: https://www.youtube.com/user/Forbes?sub_confirmation=1 Stay Connected Forbes newsletters: https://newsletters.editorial.forbes.com Forbes on Facebook: http://fb.com/forbes Forbes Video on Twitter: http://www.twitter.com/forbes Forbes Video on Instagram: http://instagram.com/forbes More From Forbes: http://forbes.com Forbes covers the intersection of entrepreneurship, wealth, technology, business and lifestyle with a focus on people and success. E-og_ZM0ZTs |
| Category | News & Politics |
| Tags | Forbes | Forbes Media | Forbes Magazine | Forbes Digital | Business | Finance | Entrepreneurship | Technology | Investing | Personal Finance | Bill gates | billionaire | farmland | Philanthropy | farms | land | acres | Nebraska | Louisiana | Arkansas | cows | Africa | Asia | Bill And Melinda Gates Foundation | who is | biggest | owner | the most | how |
