(ThePatriotSource)- Bill Gates, the founder of Microsoft and once the richest man in the world, is now the largest private owner of farmland in the United States.
From tech to farming…not quite what you’d expect from a software engineer.
Gates has reportedly purchased more than 242,000 acres of farmland in 19 different states. The news comes from a report by the Land Report, which revealed how Gates has been quietly buying up farmland under the guise of various identities.
The Land Report also explained how purchasing tens of thousands of acres is something only sovereign wealth funds or institutional investors can afford, which indicated many in the farming industry to realize that the purchases were not being made by small investors or companies.
In the extensive report, the outlet also describes how Gates has been purchasing land since the 90s.
“In 1994, the Gateses hired the former Putnam Investments bond-fund manager to diversify the couple’s portfolio away from the Microsoft co-founder’s 45 percent stake in the technology giant while maintaining comparable or better returns,” it reveals.
“According to a 2014 profile of Larson in the Wall Street Journal, these investments include a substantial stake in AutoNation, hospitality interests such as the Charles Hotel in Cambridge and the Four Seasons in San Francisco, and “at least 100,000 acres of farmland in California, Illinois, Iowa, Louisiana, and other states … .” According to the Land Report 100 Research Team, that figure is currently more than twice that amount, which means Bill Gates, co-founder of Microsoft, has an alter ego: Farmer Bill, the guy who owns more farmland than anyone else in America,” the outlet continued.
The Land Report also explains how there have been no public announcements and no notice in the business press, indicating that Gates doesn’t want people to know about his investments.
Gates is now the proud owner of 20,588 acres of Nebraska farmland, 47,927 acres in Arkansas, and a massive 69,071 acres in Louisiana.
That’s a lot of land!
The Microsoft billionaire owns 24,800 acres of “transactional” land, not farmland, that is in the west of Phoenix.
So far, it’s unclear what exactly the land is being used for, though it does appear to be an effort at simply diversifying his portfolio.
We’re sure many readers of this story might have some other ideas about what Gates is up to…what do you think is going on?