"Late in life, the sultan of software, emperor of intangibles, has discovered what the British aristocracy have known for a thousand years: nothing beats land"
His reported portfolio of prime farmland amounts to 269,000 acres – 6,000 more than the farmland held by the Queen in the Crown Estate
There are romantically named holdings:
📍 Horse Heaven Hills
📍 Richland
His new acquired land is spread across 19 states, with the biggest lots in:
📍 Louisiana
📍 Arkansas
📍 Arizona
They are the fruit of a financial strategy going back a quarter of a century to the day, in 1994, when Gates decided to diversify his fortune, then concentrated in a 45% stake in Microsoft
Gates has gone from coastal techie to landed gentry.
He may not be wearing red trousers; nor is his hallway draped in wet Labradors. But in the last two decades he has gained more than 100,000 acres of land.
According to Land Report, he is the biggest squire in the US
⭐ 2017 ⭐
He splashed more than half a billion dollars on more than 100,000 acres across nine states
⭐ 2018 ⭐
A further $171m went on buying 14,500 acres in those idyllic Horse Heaven Hills, for a total of around $690m
⭐ What does he want with it all? ⭐
The obvious answer is money. Rich arable land is in growing demand as the globe’s population rises.
The value of UK farmland has historically increased at 6% per annum, according to Savills. But after the turn of the millennium it trebled
When Gates was asked a fortnight ago, in one of his periodic “Ask Me Anything” sessions on Reddit “Hey Bill! Why are you buying so much farmland?” his answer seemed refreshingly straightforward:
“My investment group chose to do this. It is not connected to climate”
Except, Gates contradicted himself in his latest book, How to Avoid a Climate Disaster.
“The agriculture sector is important. With more productive seeds we can avoid deforestation and help Africa deal with the climate difficulty they already face”
Gates has long had a curiosity in “synthetic” meat producers which aim to replace the carbon intensive business of rearing animals for slaughter.
From this perspective, the Gates’ Estate makes sense both as investment and personal project to save the world
He is not the first billionaire to build a rural empire.
📍 Media mogul, Ted Turner, owns 2m acres of land on which roam one of America’s last herd of buffalo
📍 Danish billionaires Anders and Anne Holch Povlsen want to rewild their own 200,000 acres of the Scottish highlands
⭐ How much land does he own? ⭐
📍 269,000 acres of land across 19 states
📍 69,071 acres in Louisiana
📍 47,927 acres in Arkansas
📍 $690m (£498m) in land holdings
Bill Gates is estimated to be worth $128.1billion. He has so far donated more than $35bn to philanthropic causes
⭐ Why is it controversial? ⭐
Academic and indigenous American @nickwestes says:
“The 'billionaire knows best' mentality detracts from the deep-seated realities of colonialism and white supremacy, and it ignores those who actually know best how to use and live with the land"
• • •
Missing some Tweet in this thread? You can try to
force a refresh
🔴 Police in the UK recorded 248 murders involving a knife or sharp instrument in 2020.
Most of the victims were young men.
Each victim leaves behind a distraught family – including, in most cases, a grieving mother 🧵 telegraph.co.uk/women/life/scr…
The Met Police have launched a campaign, in which mothers affected by knife crime call on the public to contact Crimestoppers with any information that might prevent violence.
Here, three mothers tell their stories 👇
🔴 This thread contains content some may find distressing
🔴 Lorraine Jones, a church minister, was unpacking shopping at her home in Brixton on 25th Feb 2014, when two young people knocked on her door and told her that her 20-year-old son, Dwayne Simpson, had been stabbed in a nearby park
💉 On Wednesday the JCVI recommended that under 30s are offered an alternative to the AstraZeneca jab
For Alexandra Phillips, this sensible decision does not vindicate the Trumpian manoeuvres of Macron and Merkel in the weeks leading up to the announcement👇🧵
🇫🇷 @ThatAlexWoman on President Macron’s interpretation of the science
‘Macron’s smears of the AZ jab fly in the face of advice from the WHO, who have repeatedly implored leaders to continue with the rollout - making it plain that the jab is critical in the fight against Covid’
🇫🇷 Macron’s initial attacks were over the effectiveness of the AstraZeneca jab
💉 However, a US study recently showed that the AstraZeneca vaccine is 100% effective against severe or critical disease and hospitalisation
"If you go on a TV talent show that majors on theatrical emoting, dodgy cover versions, faux sincere judges and the lure of instant fame and fortune, then perhaps you’re setting yourself up to be manipulated" | Writes @JamesFHall
Amid ongoing fears over blood clots, healthy people ages 18 to 29 are to be offered the Pfizer or Moderna vaccines instead of the Oxford/AstraZeneca jabs.