Monday, January 8, 2024

"Chinese Billionaire Is Second-Biggest Foreign Owner of US Land" plus: The Land Report 100 Largest U.S. Landowners

From Bloomberg via Yahoo Finance, January 8:

A Chinese national who made his fortune from online gaming has emerged as one of the most significant non-American holders of land in the US.

Chen Tianqiao owns 198,000 acres (80,127 hectares) of Oregon timberland, making him the country’s 82nd-largest property owner, according to the Land Report’s latest ranking.

Chen, 50, acquired the acreage from Fidelity National Financial Ventures for $85 million in 2015. Oregon tax records last month disclosed the name of the beneficial owner as Shanda Asset Management, the same moniker as Chen’s Singapore-based holding group.

His Oregon property makes him one of the biggest individual owners of American land by a non-US citizen. Only the Irving family of Canada — No. 6 on the Land Report’s list with over 1.2 million acres of Maine timberland — owns more....

....MUCH MORE

From The Land Report the ten largest owners of American land:





1RedEmmerson-Photo.pngEmmerson Family2,411,000

2johnmalone.pngJohn Malone2,200,000

3ted-turner-lr100-min.pngTed Turner2,000,000

4stankroenke.pngStan Kroenke1,700,000↑72,500
5stankroenke-1.pngReed Family1,661,000

6irvingfamily.pngIrving Family1,267,792

7buckfamily.pngBuck Family1,236,000

8singleton.pngSingleton Family1,100,000

9bradkelley.pngBrad Kelley1,000,000

10kingranch.pngKing Ranch Heirs911,215

 

....MUCH MORE