The world’s forth richest person ,Bill Gates , has become the largest owner of farmland in the US. He owns 2,42,000 acres of farmland and nearly 27,000 acres of other land, according to an analysis by The Land Report, which tracks the country’s biggest landowners. The title for largest landholdings overall goes to Liberty Chairman John Malone, who owns 22,00,000 acres.
Gates, whose net worth of nearly $121 billion makes him the world’s fourth-richest person, and his wife, Melinda Gates, hold an extensive farmland portfolio stretching over 18 states, according to The Land Report.
The Bill & Melinda Gates Foundation launched a new nonprofit group a year ago focused on providing small-scale farmers in developing countries with the tools and innovations they’ll need to deal with the effects of climate change. Bill & Melinda Gates Agricultural Innovations, or Gates Ag One for short, is headquartered in the greater St. Louis metropolitan area and is focused on smallholder farmers in sub-Saharan Africa and South Asia.
Stewart and Lynda Resnick, the cofounders of the investment firm the Wonderful Company, also own 190,000 acres of farmland in the US, according to The Land Report. They own the brand behind Wonderful Pistachios, POM Wonderful, and Wonderful Halos Mandarins.
Though Gates is the US’s top farmland owner, according to The Land Report, he’s far from the biggest landowner. The top spot in The Land Report’s list of the 100 largest US landowners in 2019 belonged to John Malone, the billionaire businessman, landowner, and philanthropist, with 2.2 million acres of land.
Bill Gates owns more private farmland in the US than anyone else, an analysis by The Land Report found.