The Top 10 Landowners in America
|November 11, 2013||Posted by Staff under Inequality / Concentration|
As the wealthy get wealthier, they’re putting more of it into land.
America’s 100 largest individual landowners added 700,000 acres to their landholdings last year. 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, who are 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.