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Bill Gates owns more land than New York City, while Jeff Bezos owns double that with 420,000 acres. John Malone is the largest private landowner in America, possessing 2.2 million acres, slightly less than Puerto Rico's size. Together, the 100 wealthiest landowners in the U.S. control 1.86% of the nation's land, primarily consisting of forests, ranches, and farmland. Land values are rising; farmland, worth under $1,500 an acre in the mid-90s, reached $3,160 an acre by 2020. As land becomes increasingly expensive, it is predominantly acquired by wealthy individuals. Institutional capital is also growing, representing a significant $3 trillion asset class in the market.
