Business

January 16, 2021

Bill Gates becomes largest farmland owner in US

Source: Flickr (Greg Rubenstein) 

The Gist

Gates and his wife now own over 240 000 acres of farmland in 18 states. 

The List

  • Gates also owns tens of thousands of acres of transitional land that are being turned into suburbs. 
  • While Gates is known for his philanthropy, his purchase of land is believed to be a strategic, for-profit investment as it was done through an investment firm. 
  • It is not clear what exactly the farmland will be used for. 
  • Bill Gates is currently the 4th richest person in the world, with a net worth of over 130 billion USD. 

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