Rams owner Stan Kroenke now the largest private landowner in the U.S.
CNBC • • business
Key Points:
- Stanley Kroenke has become America's largest private landowner, acquiring 2.7 million acres, surpassing Yellowstone National Park in size, according to The Land Report.
- Kroenke's recent purchase of nearly 1 million acres of New Mexico ranchland from the Teledyne family marks the largest land sale in the U.S. in over a decade.
- This acquisition moved Kroenke to first place on The Land Report's ranking, overtaking other major landowners like the Emmerson family, John Malone, and Ted Turner.
- Farmland investment is increasingly popular among billionaires as a hedge against inflation, with values growing at an average annual rate of 5.8% from 2019 to
