As the wealthy get wealthier, they're putting more of it into land
As the wealthy get wealthier, they're putting more of it into land (real estate is the number one wealth builder in history PERIOD).
America's 100 largest individual landowners added 700,000 acres to their landholdings last year, according to the Land Report 100, put out by the Land Report and Fay Ranches. Those 100 individuals or families now control more than 30 million acres, or 2 percent of America's entire land mass.
Ranches and farmland have become a popular investment for the wealthy looking for more stable and tangible stores of wealth. Many of the largest landowners also generate income from their land, from sustainable timber and agriculture.
Here is the full list of the top 10:
1. John Malone, 2.2 million acres
2. Ted Turner, 2 million acres
3. The Emmerson family, 1.86 million acres
4. Brad Kelley , 1.5 million acres
5. The Irving Family 1.25 million acres
6. The Singleton Family, 1.1 million acres
7. The heirs of King Ranch, 911,000 acres
8. Stan Kroenke, 848,571 acres
9. The heirs of Pingree lumber and wood-products company, 830,000 acres
10. The Reed family, 730,000 acres