Although best known as Microsoft's co-founder and one of the richest people on the planet, Gates has had a vested interest in farming since at least early 2000s, funnelling money into the agricultural sector in developing countries.
As per the Land Report, Bill Gates had accumulated as much as 2,42,000 acres in land acreage. Some of his largest holdings include 69,071 acres in Louisiana, 47,927 acres in Arkansas, and 25,750 acres in Arizona, per the Land Report, which began looking into Gates' land holdings following the $171 million purchase of 14,500 acres of farmland in Washington.
Behind Gates are the cofounders of the Wonderful Company, Stewart and Lynda Resnick, with 190,000 acres, the report said.
Despite his new land puirchaers, Gates still doesn't rank in the Top 100 of private landowners overall in the USA - when considering owners of land of all types, not just agricultural, the Daily Mail reported. The Bill and Melinda Gates Foundation had in 2008 announced United States dollars 306 million in grants for the promotion of high-yield and sustainable agriculture among farmers with small holdings in South Asia and sub-Saharan Africa.
While it is yet unclear how Gates is using his farmland, Forbes noted that Gates Ag One and Cascade subsidiary Cottonwood Ag Management (which promotes sustainable agricultural practices to protect soil, water resources, and crop), indicate what the objective could be.
With 242,000 acres of farmland, the Gates family is now ahead of the rest of the top farmland owners in the country.
The Microsoft CEO, who is now the fourth richest person in the world, has amassed 242,000 in farmland acreage.
According to Land Report's research, Gates and his wife had hired former Putnam Investments bond fund manager Michael Larson in 1994 to help them diversify their personal assets.