Microsoft founder Bill Gates now owns the most farmland in the United States, according to the Land Report.
Land Report researchers concluded that Gates, now the world’s fourth richest man, and his wife Melinda own 242,000 acres of farmland.
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They own approximately 52,000 more land than the Ofat family, which is second on the list of Land Report families with the most farmland in the United States.
In all, Bill and Melinda Gates have acquired land in more than a dozen states. However, its largest lands are in Louisiana (69,071
According to Land Report, Gates and his wife hired former Putnam Investments bond fund manager Michael Larson in 1994 to help them diversify their personal assets.
These investments include a stake in AutoNation, the Charles Hotel in Cambridge, Massachusetts, Four Seasons in San Francisco and more than 100,000 acres of farmland in various states, Land Report said, citing a 2014 Larson profile in the Wall Street Journal.
However, the latest findings of the Land Report show that since then the figure of 100,000 has more than doubled.
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Although Gates is widely known as the man behind technology giant Microsoft, he is no stranger to agriculture.
Since the early 2000s, Gates and his wife have entered agriculture through a number of investments to support farmers in the developing world.
In 2008, the Bill & Melinda Gates Foundation announced $ 306 million in grants to increase the yields and incomes of millions of small farmers in Africa, as well as “other parts of the developing world to bring themselves and their families out.” your hunger and poverty. “
The foundation has also teamed up with the Department of International Development (DFID) to support agricultural research projects in developing countries to help small farmers increase their yields and incomes.
About a year ago, Gates created the non-profit Gates Ag One to achieve its goals of supporting agriculture in developing countries.