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....
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From The Land Report the ten largest owners of American land:
1 | Emmerson Family | 2,411,000 | |||
2 | John Malone | 2,200,000 | |||
3 | Ted Turner | 2,000,000 | |||
4 | Stan Kroenke | 1,700,000 | ↑72,500 | ||
5 | Reed Family | 1,661,000 | |||
6 | Irving Family | 1,267,792 | |||
7 | Buck Family | 1,236,000 | |||
8 | Singleton Family | 1,100,000 | |||
9 | Brad Kelley | 1,000,000 | |||
10 | King Ranch Heirs | 911,215 |
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