Tuesday, October 2, 2012

John Malone the Largest Landowner in America



In the Colorado High Plains, John Malone sits in a generous -- but not grandiose -- corner office on the second floor of a blocky, granite-faced building in a nondescript corporate park in Englewood. If, in real estate, location is everything, it's curious that the largest private landowner in America chose an office location, an hour from downtown Denver, that ... well, it isn't much. Not much to look at, anyway.
But the building and its location are Malone writ large: standalone, brawny, and commanding views of clean sky and snowcapped mountains shining like chrome in the distance. Malone, 71, whose thick hair is as white and flawless as his wrinkle-free shirt, sits behind his desk wearing an elegant rose-colored tie and tells a visitor, "My wife and I are going to look at something that's for sale on Friday."

By "something" Malone means land. Given that in 2011 Malone bought 1.2 million acres of Maine woodlands, thereby surpassing his old friend Ted Turner as the nation's largest private landowner, one might view the Friday shopping trip as a touch superfluous. Malone doesn't. He's got the land bug, thanks in part to Turner, now the second-largest private landowner in America, with whom he has a fond rivalry. If, as the German philosopher G.W.F. Hegel posited, "property is the first embodiment of freedom," Malone is one liberated individual. According to The Land Report magazine, he now owns an estimated 2.2 million acres of U.S. cropland, ranch land, and woodland, an area about three times the size of Rhode Island. (The largest landowner in the world is Queen Elizabeth II, because technically she owns places like Australia and Canada.)

http://finance.yahoo.com/news/meet-the-largest-landowner-in-america.html

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