Which Billionaire Has The Most Land in The U.S. It’s not Bill Gates, it’s Hint!

In May this year, claims were made. Microsoft Corp co-founder Bill Gates owned the majority of America’s farmland.

This is false. The billionaire owns nearly 270,000 acres in farmland, which compares to the 900 million total. However, another billionaire private-owns 2.2 million acres. This makes him the largest. landowner in the U.S.

John MaloneFormer CEO of Tele-Communications Inc. AT&T Inc. Purchased for over $50 billion in 1999, includes a number of ranching and real-estate businesses, primarily in Maine and New Mexico.

Malone, a media veteran and worth $9.6 billion said that he bought the land because “they’re not making it anymore.” Malone also owns three other hotels in Dublin, Ireland and one in Limerick.

The current Liberty Media Corp After spending a summer on a Pennsylvania farm, Chairman decided to turn his billions into land.

You can also read: Homebuilders Are Throwing Money At Buyers At A Furious Pace Just To Close A Sale, Data Finds

Bell Ranch in New Mexico was his first major acquisition. This 290,100-acre tract is scattered with mesas. Rimrock canyons, meadows. And a bell-shaped mountain. Additionally, Florida’s Bridlewood farms is an important asset.

Ted Turner was beaten to the title of largest US landlord by him, who now owns 2.2million acres of crops, ranch land, and woods.

In a CNBC interview, Malone stated that preservation was his main motivation for buying land and that he plans to buy more. His properties are a stable source of income as well as a solid hedge against inflation, he said.

Did you know you could hedge against inflation? invest as little as $100 Rent properties as passive income to build wealth and long-term stability. Here’s how you can get involved right now.

The billionaire declared that “the conservation of lands” was an important issue. Ted Turner was the source of that virus.

Malone continued that “the Northeast forestry portion of it is a pretty great business, with very high return on capital but very stable, and very leverageable.” It will, we believe, provide good inflation protection long term. This is the main motivation. It seemed like a good idea to do.”

Watch: “We are so early in single-family rentals being an institution asset class”: Benzinga talks to The Peak Group about the rise in single-family rental investments

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