Spanning over 3.5 million square miles,
the United States is the third largest country in the world by landmass,
trailing only China and Russia. While over a quarter of all land in the
United States is owned by the federal government – here is a look at how much land the government owns in every state – vast swaths of the country are owned by just a handful of individuals and families. Using data from The Land Report magazine’s 2018 Land Report,
24/7 Wall St. reviewed the 50 largest private landholders in the United
States. Estimates are based on information from published reports,
online databases, tax records, and information provided by various
landowners, and include only rural land holdings. All
told, the 50 individuals, families, and heirs on this list own over 31
million acres – or about 1.4% of the country’s total landmass. For
reference, one square mile is equal to 640 acres. This ranking is
current as of the end of 2018. The vast majority of the land held by the individuals
and families on this list is located in states west of the Mississippi
River. The most common exceptions to this rule are parcels located in
Maine and Florida. While this list only includes privately held land,
nearly all of it serves some commercial purpose – from farming and
ranching to logging and renewable energy production. Not
only do the private land holdings on this list often generate income
for their owners, but also real estate itself is a valuable commodity.
Not surprisingly, many of the people on this list rank among the
wealthiest Americans. Here is a look at the richest person in every state.
5. Stan Kroenke
• Land area: 1.4 million acres
• Roughly equal to: The size of Prince Edward Island
Real
estate mogul and owner of the Los Angeles Rams, Stan Kroenke, owns 1.4
million acres of land in the United States, including a 124,000 acre
ranch in Montana and additional land in Wyoming. Kroenke is married to
Ann Walkton Kroenke, an heiress to the Wal-Mart fortune.
4. Reed family
• Land area: 1.7 million acres
• Roughly equal to: Half the size of Connecticut
For
five generations, the Reed Family has owned and operated the logging
company Green Diamond Resource Co. The family's 1.7 million acres of
land are primarily spread across Washington, Oregon, and California.
Future of farming: No soil at all
3. Emmerson family
• Land area: 2.0 million acres
• Roughly equal to: A third of the size of New Hampshire
The
Emmerson family owns and operates Sierra Pacific Industries, a company
that logs usable lumber after forest fires and sells it to lumber
retailers. Through Sierra Pacific, the family owns some 2 million acres
in California and Washington.
2. Ted Turner
• Land area: 2.0 million acres
• Roughly equal to: Twice as large as Rhode Island
CNN
founder Ted Turner owns 2 million acres of land largely in New Mexico,
South Dakota, Nebraska, and Georgia. Much of Turner's land is used as
grazing land for over 50,000 head of buffalo – the largest private herd
of bison in the world.
1. John Malone
• Land area: 2.2 million acres
• Roughly equal to: Half the size of Lake Ontario
John
Malone is the largest private landowner in the United States. Malone
made his fortune as a media tycoon, building the company
Tele-Communications, Inc, or TCI, and acting as its CEO before selling
it to AT&T for $50 billion in 1999. Malone's 2.2 million acres are
largely located in Maine, New Mexico, Colorado, and Wyoming and include
profitable cattle ranches.
Read the complete article for the entire list of 50.
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