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Thursday, September 27, 2012

Meet the largest landowner in America - Fortune Management

Meet the largest landowner in America -
Fortune Management


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.)

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