Bill Gates he has been buying for years farmland all over the United States, stirring up conspiracy theories among people. However, the billionaire assured last week that “there is no scheme” on the subject.
During your participation in a Ask Me Anything (AMA) on Reddit last week, Gates clearly answered why he wants so much American farmland. There are even unethical forums on social networks that claim that the billionaire intends to cause widespread food shortages.
Reddit user bortodeeto asked him bluntly: “Why are you buying so much farmland? Do you think this is a problem with billionaire wealth and how much you can disproportionately acquire?”
In recent years Gates has purchased nearly 27,000 acres (one square kilometer) of farmland across the United States. In fact, the businessman is the largest farmland owner in his country.
Actually, Bill Gates doesn’t have that much land. Many.
Bill Gates owns arable land in 18 states of the American country. However, as he answered the Reddit user’s question, he is “owns less than 1/4000 of the farmland in the United States.”
And he’s not lying. According to a Reuters calculation, in the American Union there are 895,300,000 acres of farmland and Gates only has 0.025% of that total.
The Microsoft co-founder later explained that he has become interested in investing in agriculture to build productive farms “and create more jobs.”
“There is no grand scheme involved; in fact, all of these decisions are made by a professional investment team.”
said the millionaire.
He is McDonald’s largest potato farmer (and his fields can be seen from space)
Explanations aside, Gates owns farmland in 18 states and among his largest holdings are Louisiana with 27,952 hectares, Arkansas with 19,395 hectares, and Nebraska with 8,331 hectares.
What’s more, today, the tycoon is, according to a Fox Business report, andhe computer magnate owns more farmland than anyone else in his country. Not only that, NBC News reported last year that the fields where Bill Gates grows potatoes for McDonald’s are so vast they can be seen from outer space.
According to research conducted by the media The Land Report, the land is held by Gates through Cascade Investmentsa company that he uses to control his investments.
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.