Bill Gates becomes the largest landlord in the USA

Bill Gates becomes the largest landlord in the USA


Bill Gates, the 4th richest person in the world with a fortune of $ 124 billion, according to Forbes data, was announced to be the person with the largest land in the United States.

According to the information released by the Land Report published in the USA, it is reported that there are approximately 979 square kilometers of agricultural land (Approximately 979 thousand acres) and 109 square kilometers (Approximately 109 thousand acres) of other use lands in the portfolio of Gates. It was reported that it was above.

MICHAEL LARSON EFFECT

Gates, 65, purchased more than 100,000 acres of land between 1994 and 2014, after hiring a bond manager named Michael Larson to manage his investments while accelerating land acquisition in 1994.

Gates, who founded a company called Cascade Investment after Larson took over the investments, increased his land purchases day by day.

Gates, which paused in land acquisition between 2014 and 2017, accelerated its land acquisition after 2017 and became the largest ‘landlord’ of the USA, with more than 1 million decares of land in 4 years.

THE LARGEST LANDS ARE IN LOUISIANA AND ARKANSAS

The largest lands affiliated to the company Cascade Investment, 65 years old, are located in Louisiana and Arkansas, while the value of Gates’ land of 64 square kilometers in Washington is stated to be around $ 171 million.

Cascade Investment, founded by Gates with a net asset of 124 billion dollars to manage his personal assets and investments, while owning these lands, Cascade’s chief investor Michael Larson, who spoke to the Wall Street Journal in 2014, said Bill Gates’ California, Illinois, Iowa, Louisana and other states have at least 100,000 acres of farmland, and the sum of all their lands is 7 times larger than Manhattan.


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