Bill Gates might be a tech billionaire — but he and his wife Melinda French Gates, who are in the process of divorcing, are also two of the largest

The controversy over Bill Gates becoming the largest private farmland owner in the US

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2021-06-14 12:00:06

Bill Gates might be a tech billionaire — but he and his wife Melinda French Gates, who are in the process of divorcing, are also two of the largest private farmland owners in the United States.

Recent reports detailing the extent of Gates’s land ownership have prompted criticism from some environmental advocates and farmers, who say there seems to be a contradiction between his public environmental advocacy and his personal investment strategy.

Others have speculated the farmland purchases may be a part of the billionaire’s overall climate efforts. Bill Gates has said there’s no connection, either way. But the new details on the purchases — and the discussion surrounding them — serve as an important reminder that billionaires can store their massive wealth in all sorts of unexpected places, and that there can often be a tension between their personal investments and their more publicized philanthropic work.

On Tuesday, NBC News reported that the Gateses had acquired more than 269,000 acres of farm in the United States in the past 10 years. Those purchases, made with the help of the Washington-based firm Cascade Investment and a number of shell companies, include farmland in nearly 20 states that cultivate vegetables such as carrots, soybeans, and potatoes (some of which end up in McDonald’s French fries). These details come after the agriculture outlet the Land Report reported in January that the tech billionaire and his wife were the country’s top private farmland owners in the country. An NBC News analysis also identified Gates as the largest farmland owner in the US.

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