- DAILY MAISL - Jan 15, 2021 -
Billionaire Gates buys up 242,000 acres across 18 states
Microsoft founder Bill Gates is now the biggest private owner of farmland in the US, according to The Land Report
The tech billionaire, 65, owns 242,000 acres of agricultural land in 18 states
His largest holdings are in Louisiana, Arkansas, Arizona and Nebraska
Gates owns total of 268,984 acres of land of all kinds, including in suburban Phoenix, Arizona, which he aims to turn into a 'smart city'
Gates is the fourth richest person in the world with net worth of $121billion, according to Forbes
John Malone, the billionaire businessman and Liberty Media owner, is biggest overall US landowner, with 2.2 million acres of land
It is unclear why Gates has invested so heavily in farmland, but could be connected to climate change
Land owned directly and through Gates' investment entity, Cascade Investment
Cascade Investment's money manager, Michael Larson, is reportedly to be Gates's land portfolio manager
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