Bill Gates has become the largest private farmland "landlord" in the United States, with farmland close to the area of Tongzhou in Beijing.

CTOnews.com, January 29 (Xinhua) former technology giant Bill Gates already owns more than 270000 acres of farmland in the United States, which is equivalent to more than 1090 square kilometers of land, close to the area of Tongzhou District of Beijing, according to the 2022 edition of The Land Report 100. bill Gates has also become the largest private farmland "landowner" in the United States.

CTOnews.com learned that Bill Gates, who participated in the social news site Reddit's Ask Me Anything campaign in mid-January, responded when asked why he owned a lot of farmland: "I own less farmland than I have in the United States." My investment is to improve their productivity and create more jobs. There is no grand business plan. In fact, all these are the decisions made by the professional investment team. "

According to AgFunder, an agricultural venture capital media, Bill Gates has continued to acquire agricultural land across the United States and own agricultural land in 19 states through his investment company Cascade Investment over the past decade. Buying arable land can reap two strong and realistic returns: rents and crops, and the proceeds from the sale of land after appreciation.

It is also worth mentioning that Amazon founder Jeff Bezos owns 420000 acres of land, including a large amount of arable land, forests and uncultivated land.