There are lots of ways to make money. Some people go to college, get an education, intern while in college, and get hired by the companies they’ve interned with. Some people come up with a great idea, get a patent for the idea, develop a product around the idea, promote the product and make a fortune. Some people have a dream of being a creative professional like an actor, singer or model, and wait tables until they are discovered.
Then there are people who own land. When you really think about it, this is a great way to make a profit if you do it right. After all, when someone wants to open a company, school or restaurant, they need land. When a family wants to have a customized home built, they need land. It’s always smart to go into business selling a product that the public can’t do without.
There’s a good chance you’ve probably never heard of the people who own land. They don’t often hold press releases or make sure they’re seen on the red carpet. That’s because they’re too busy making billions of dollars to seek attention from the masses. According to Business Insider, there are 36.8 billion acres of land to be inhabited, and 21 percent of these acres are owned by just a few people. Here are 12 of the biggest land owners in the world.
12 The Hughes Family
11 The Wilks Brothers
10 The Nunley Brothers
9 Jeff Bezos
8 King Abdullah II of Jordan
7 King Letsie 111 of Lesotho
6 Emir of Kuwait
5 Sheikh Hamad bin Khalifa of Qatar
4 Ted Turner
3 King Mswati of Swaziland
2 The Irving Brothers
1 The Reed Family
Number one on this list is the Reed family. They are the largest land owners with 1.4 million acres of land. Now, they didn't purchase all this land at once. It took years to accumulate this amount of acres, in fact it took generations to get this amount of land. They have been purchasing land since the late 1800's. The land was mainly purchased over the years to grow their lumber empire in the Northwest. In 2014 came their largest purchase of 600,000 acres of prime timberland in Oregon. This was one of the largest land purchases in the U.S since John Malone, who purchased 1 million acres in Maine in 2011.
Sources: forbes.com, businessinsider.com, independent.co.uk, naplesnews.com
Leave A Comment
Looking for an AD FREE EXPERIENCE on TheRichest?Get Your Free Access Now!