Bill Gates, the founder of Microsoft, one of the richest names in the world, bought 242 thousand acres (approximately 979 thousand square kilometres) of agricultural land in the United States, thus becoming the largest landowner in the country. Why Gates invests so much farmland remains a mystery. Gates, who bought 242 thousand acres (about 979 thousand square kilometres) of agricultural land from many states of the USA, became the largest private agricultural landowner in the USA with agricultural lands approaching a thousand kilometres in total.
American media reported that Gates has created a huge portfolio of farmland covering 18 states, following reports that Gates bought agricultural land in places like Florida and Washington. The largest lands belonging to the Gates holding are located in Louisiana and Arkansas. The value of Gates land of 64 square kilometres in Washington is around $ 171 million. Bill Gates, with a net asset of 132 billion dollars, has at least 100 thousand acres of agricultural land in California, Illinois, Iowa, Louisiana and other states, while the total of all lands is 7 times larger than Manhattan.
After dethroning Bill Gates, the second richest person in the world in December 2020, Elon Musk became the richest person in the world by surpassing Amazon’s founder Jeff Bezos. Bill Gates is currently the third richest person in the world.